Boston Trust Walden Corp Has $90.30 Million Position in Columbia Sportswear Company (NASDAQ:COLM)

Boston Trust Walden Corp cut its stake in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,193,033 shares of the textile maker's stock after selling 91,107 shares during the quarter. Boston Trust Walden Corp owned 2.16% of Columbia Sportswear worth $90,301,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Deutsche Bank AG boosted its position in shares of Columbia Sportswear by 3.7% in the fourth quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker's stock worth $328,000 after buying an additional 141 shares during the period. Signaturefd LLC boosted its position in shares of Columbia Sportswear by 18.4% in the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock worth $77,000 after buying an additional 142 shares during the period. Amalgamated Bank boosted its position in shares of Columbia Sportswear by 1.0% in the fourth quarter. Amalgamated Bank now owns 15,337 shares of the textile maker's stock worth $1,287,000 after buying an additional 146 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Columbia Sportswear by 184.8% in the fourth 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 period. Finally, Covestor Ltd boosted its position in shares of Columbia Sportswear by 13.0% in the fourth quarter. Covestor Ltd now owns 2,101 shares of the textile maker's stock worth $177,000 after buying an additional 241 shares during the period. 47.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on COLM. UBS Group raised their target price on Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a research report on Monday, April 14th. Barclays decreased their target price on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Needham & Company LLC assumed coverage on Columbia Sportswear in a research report on Friday, May 30th. They issued a "hold" rating for the company. Citigroup reiterated 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. Finally, Stifel Nicolaus cut their price objective on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating for the company in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $70.00.

Insider Buying and Selling at Columbia Sportswear

In other news, Director Stephen E. Babson sold 2,776 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $65.94, for a total value of $183,049.44. Following the sale, the director now directly owns 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 48.30% of the company's stock.

Columbia Sportswear Stock Performance

Shares of NASDAQ:COLM traded up $0.33 during midday trading on Friday, hitting $60.39. 1,666,378 shares of the stock were exchanged, compared to its average volume of 612,379. Columbia Sportswear Company has a 52-week low of $58.44 and a 52-week high of $92.88. The business's fifty day simple moving average is $63.92 and its two-hundred day simple moving average is $76.05. The company has a market capitalization of $3.33 billion, a PE ratio of 15.45, a P/E/G ratio of 4.02 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 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.07. Columbia Sportswear had a return on equity of 12.57% and a net margin of 6.61%. The company had revenue of $778.45 million for the quarter, compared to analyst estimates of $763.50 million. During the same period last year, the company earned $0.71 earnings per share. The business's revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts anticipate that Columbia Sportswear Company will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

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

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.