Sovereign s Capital Management LLC Invests $2.19 Million in Columbia Sportswear (NASDAQ:COLM)

Sovereign s Capital Management LLC bought a new stake in Columbia Sportswear (NASDAQ:COLM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 26,082 shares of the textile maker's stock, valued at approximately $2,189,000.

Several other institutional investors also recently bought and sold shares of COLM. Smartleaf Asset Management LLC boosted its stake in Columbia Sportswear by 184.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock valued at $25,000 after acquiring an additional 194 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Columbia Sportswear in the fourth quarter valued at approximately $76,000. Signaturefd LLC boosted its stake in Columbia Sportswear by 18.4% in the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock valued at $77,000 after acquiring an additional 142 shares in the last quarter. Blue Trust Inc. boosted its stake in Columbia Sportswear by 33.6% in the fourth quarter. Blue Trust Inc. now owns 942 shares of the textile maker's stock valued at $78,000 after acquiring an additional 237 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in Columbia Sportswear in the fourth quarter valued at approximately $139,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of Columbia Sportswear stock in a transaction on Friday, May 9th. The shares were sold at an average price of $65.94, for a total value of $183,049.44. Following the completion of the transaction, the director now owns 128,309 shares of the company's stock, valued at approximately $8,460,695.46. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total transaction of $369,440.00. Following the completion of the transaction, the executive vice president now directly owns 14,283 shares of the company's stock, valued at $1,319,177.88. The trade was a 21.88% decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by corporate insiders.

Columbia Sportswear Stock Performance

Shares of Columbia Sportswear stock traded down $1.12 during trading on Friday, hitting $63.80. 559,967 shares of the company's stock were exchanged, compared to its average volume of 588,288. The business has a 50-day simple moving average of $67.73 and a 200-day simple moving average of $79.24. Columbia Sportswear has a 52-week low of $58.44 and a 52-week high of $92.88. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 2.54 and a beta of 1.00.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its earnings results on Thursday, May 1st. The textile maker reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. The firm had revenue of $778.45 million during the quarter, compared to analysts' expectations of $763.50 million. During the same quarter last year, the company posted $0.71 earnings per share. The firm's revenue was up 1.1% compared to the same quarter last year. On average, equities analysts anticipate that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.20 annualized dividend and a dividend yield of 1.88%. Columbia Sportswear's dividend payout ratio (DPR) is presently 30.69%.

Wall Street Analysts Forecast Growth

COLM has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. UBS Group lifted their price objective on shares of Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a research note on Monday, April 14th. Stifel Nicolaus lowered their price objective on shares of Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Barclays lowered their price objective on shares of Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. Finally, Citigroup reiterated a "neutral" rating and set a $68.00 price objective (down from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $70.00.

Columbia Sportswear Profile

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.