Alps Advisors Inc. Grows Stake in Columbia Sportswear Company (NASDAQ:COLM)

Alps Advisors Inc. boosted its holdings in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 81,295 shares of the textile maker's stock after buying an additional 5,856 shares during the period. Alps Advisors Inc. owned approximately 0.15% of Columbia Sportswear worth $6,153,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its holdings in shares of Columbia Sportswear by 184.8% in the 4th 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. Charles Schwab Investment Management Inc. increased its position in shares of Columbia Sportswear by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker's stock worth $47,372,000 after purchasing an additional 13,800 shares during the last quarter. Victory Capital Management Inc. raised its stake in Columbia Sportswear by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 15,318 shares of the textile maker's stock valued at $1,286,000 after purchasing an additional 365 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Columbia Sportswear during the fourth quarter valued at approximately $1,472,000. Finally, Raymond James Financial Inc. purchased a new position in Columbia Sportswear in the 4th quarter worth approximately $1,904,000. Institutional investors own 47.76% of the company's stock.

Insider Activity

In related news, Director Stephen E. Babson sold 2,776 shares of the company's 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 directly owned 128,309 shares in the company, valued at $8,460,695.46. This represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 48.30% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on COLM shares. UBS Group raised their price objective on shares of Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a research report on Monday, April 14th. Needham & Company LLC started coverage on Columbia Sportswear in a research report on Friday, May 30th. They set a "hold" rating on the stock. Stifel Nicolaus dropped their price target on 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 reduced their price objective on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Finally, Citigroup reissued a "neutral" rating and set a $68.00 price objective (down from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $70.00.

Columbia Sportswear Price Performance

NASDAQ COLM traded down $2.12 during trading on Friday, hitting $61.45. 401,356 shares of the company's stock traded hands, compared to its average volume of 620,063. The stock has a fifty day moving average of $63.37 and a two-hundred day moving average of $73.41. Columbia Sportswear Company has a 12-month low of $58.44 and a 12-month high of $92.88. The firm has a market cap of $3.39 billion, a P/E ratio of 15.72, a PEG ratio of 4.28 and a beta of 0.97.

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

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Thursday, May 22nd. Columbia Sportswear's dividend payout ratio (DPR) is presently 30.69%.

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.