Sovereign s Capital Management LLC Purchases Shares of 26,082 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 and Exchange Commission. The fund bought 26,082 shares of the textile maker's stock, valued at approximately $2,189,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Two Sigma Investments LP acquired a new position in shares of Columbia Sportswear in the 4th quarter valued at approximately $744,000. Teza Capital Management LLC bought a new stake in shares of Columbia Sportswear during the 4th quarter worth $257,000. Quantedge Capital Pte Ltd lifted its position in shares of Columbia Sportswear by 259.7% during the 4th quarter. Quantedge Capital Pte Ltd now owns 50,000 shares of the textile maker's stock worth $4,196,000 after buying an additional 36,100 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of Columbia Sportswear during the 4th quarter worth $357,000. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of Columbia Sportswear during the 4th quarter worth $437,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on COLM shares. Wall Street Zen downgraded shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Barclays reduced their price target on shares of Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Citigroup restated a "neutral" rating and issued a $68.00 price target (down from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. UBS Group raised their price target on shares of Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a research note on Monday, April 14th. Finally, Stifel Nicolaus reduced their price target on shares of Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $70.00.

Columbia Sportswear Trading Up 0.3%

NASDAQ:COLM traded up $0.17 during mid-day trading on Thursday, hitting $64.92. 758,053 shares of the company's stock were exchanged, compared to its average volume of 587,449. The company has a 50 day simple moving average of $68.03 and a 200-day simple moving average of $79.37. Columbia Sportswear has a fifty-two week low of $58.44 and a fifty-two week high of $92.88. The firm has a market capitalization of $3.58 billion, a P/E ratio of 16.78, a PEG ratio of 2.54 and a beta of 1.00.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its earnings results on Thursday, May 1st. The textile maker reported $0.75 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 business had revenue of $778.45 million for the quarter, compared to the consensus estimate of $763.50 million. During the same period last year, the company earned $0.71 EPS. The firm's revenue was up 1.1% compared to the same quarter last year. As a group, analysts expect that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.85%. Columbia Sportswear's dividend payout ratio (DPR) is currently 30.69%.

Insider Transactions at Columbia Sportswear

In other news, 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 value of $369,440.00. Following the completion of the sale, the executive vice president now owns 14,283 shares in the company, valued at $1,319,177.88. The trade was a 21.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $183,049.44. Following the completion of the sale, the director now owns 128,309 shares of the company's stock, valued at $8,460,695.46. This represents a 2.12% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 44.70% of the company's stock.

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.