Alps Advisors Inc. Acquires 5,856 Shares of Columbia Sportswear Company (NASDAQ:COLM)

Alps Advisors Inc. lifted its holdings in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 7.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,295 shares of the textile maker's stock after buying an additional 5,856 shares during the period. Alps Advisors Inc. owned about 0.15% of Columbia Sportswear worth $6,153,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of COLM. Smartleaf Asset Management LLC boosted its stake in shares of Columbia Sportswear by 184.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock worth $25,000 after buying an additional 194 shares during the last quarter. Whipplewood Advisors LLC lifted its stake in Columbia Sportswear by 12,400.0% in the 1st quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker's stock valued at $47,000 after purchasing an additional 620 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Columbia Sportswear in the 4th quarter valued at about $76,000. Signaturefd LLC lifted its stake in Columbia Sportswear by 18.4% in the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock valued at $77,000 after purchasing an additional 142 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in Columbia Sportswear in the 4th quarter valued at about $139,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Columbia Sportswear

In other news, Director Stephen E. Babson sold 2,776 shares of the firm's stock in a transaction that occurred 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 transaction, the director directly owned 128,309 shares of the company's stock, valued at approximately $8,460,695.46. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 48.30% of the company's stock.

Wall Street Analysts Forecast Growth

COLM has been the subject of several recent analyst reports. UBS Group raised their target price 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. Needham & Company LLC initiated coverage on shares of Columbia Sportswear in a research note on Friday, May 30th. They issued a "hold" rating for the company. Barclays cut their target price 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. Stifel Nicolaus cut their target price 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. Finally, Citigroup reiterated a "neutral" rating and issued a $68.00 target price (down from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $70.00.

Columbia Sportswear Price Performance

Columbia Sportswear stock traded down $1.01 during trading hours on Monday, hitting $60.44. The company had a trading volume of 512,131 shares, compared to its average volume of 786,643. The firm has a market cap of $3.33 billion, a PE ratio of 15.46, a PEG ratio of 4.13 and a beta of 0.97. Columbia Sportswear Company has a one year low of $58.44 and a one year high of $92.88. The firm has a 50-day moving average of $63.37 and a 200 day moving average of $73.22.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The textile maker reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.07. The firm had revenue of $778.45 million for the quarter, compared to analysts' expectations of $763.50 million. Columbia Sportswear had a net margin of 6.61% and a return on equity of 12.57%. The business's revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 EPS. As a group, research analysts expect that Columbia Sportswear Company will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, May 22nd. This represents a $1.20 annualized dividend and a dividend yield of 1.99%. Columbia Sportswear's dividend payout ratio is presently 30.69%.

Columbia Sportswear Company 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.