Columbia Sportswear (NASDAQ:COLM) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its stake in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 76.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,000 shares of the textile maker's stock after selling 15,835 shares during the period. Federated Hermes Inc.'s holdings in Columbia Sportswear were worth $420,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of Columbia Sportswear during the 4th quarter worth about $25,710,000. Arrowstreet Capital Limited Partnership raised its stake in Columbia Sportswear by 447.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 294,471 shares of the textile maker's stock worth $24,715,000 after purchasing an additional 240,709 shares during the period. American Century Companies Inc. boosted its holdings in shares of Columbia Sportswear by 18.0% in the 4th quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker's stock valued at $74,255,000 after purchasing an additional 134,813 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Columbia Sportswear by 10.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker's stock valued at $101,355,000 after buying an additional 109,488 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of Columbia Sportswear during the 4th quarter worth $6,470,000. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Columbia Sportswear

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.74, for a total value of $522,727.30. Following the completion of the transaction, the director now directly owns 17,048 shares in the company, valued at $1,393,503.52. The trade was a 27.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Richelle T. Luther sold 4,000 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total value of $369,440.00. Following the transaction, the executive vice president now owns 14,283 shares of the company's stock, valued at approximately $1,319,177.88. The trade was a 21.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 44.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. StockNews.com downgraded Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Stifel Nicolaus reduced their price target on shares of Columbia Sportswear from $100.00 to $91.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Citigroup reissued a "neutral" rating and issued a $68.00 price objective (down previously from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. Finally, UBS Group upped their price target on shares of Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $74.80.

Columbia Sportswear Trading Up 3.5 %

NASDAQ:COLM traded up $2.25 on Wednesday, reaching $66.59. The stock had a trading volume of 108,578 shares, compared to its average volume of 551,460. The company has a 50-day moving average of $77.39 and a 200 day moving average of $81.73. The stock has a market cap of $3.69 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 2.54 and a beta of 0.91. Columbia Sportswear has a 12-month low of $59.07 and a 12-month high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing analysts' consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. On average, equities analysts predict that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.80%. The ex-dividend date was Monday, March 10th. Columbia Sportswear's dividend payout ratio is currently 31.01%.

About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.