Boston Trust Walden Corp Sells 91,107 Shares of Columbia Sportswear Company (NASDAQ:COLM)

Boston Trust Walden Corp cut its position in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,193,033 shares of the textile maker's stock after selling 91,107 shares during the quarter. Boston Trust Walden Corp owned approximately 2.16% of Columbia Sportswear worth $90,301,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised 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 purchasing an additional 194 shares during the period. Whipplewood Advisors LLC raised its position in Columbia Sportswear by 12,400.0% in the first quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker's stock worth $47,000 after acquiring an additional 620 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Columbia Sportswear during the 4th quarter worth approximately $76,000. Signaturefd LLC lifted 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 purchasing an additional 142 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Columbia Sportswear during the 4th quarter valued at $139,000. 47.76% of the stock is owned by institutional investors.

Columbia Sportswear Stock Down 0.0%

Shares of NASDAQ COLM traded down $0.02 during trading hours on Thursday, reaching $60.06. 734,762 shares of the stock traded hands, compared to its average volume of 609,090. Columbia Sportswear Company has a 52-week low of $58.44 and a 52-week high of $92.88. The company's 50-day simple moving average is $64.14 and its two-hundred day simple moving average is $76.52. The company has a market capitalization of $3.31 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 4.00 and a beta of 1.00.

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

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors 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 dividend on an annualized basis and a yield of 2.00%. Columbia Sportswear's dividend payout ratio is currently 30.69%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on COLM shares. Stifel Nicolaus reduced 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. 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 note on Monday, April 14th. Barclays reduced 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. Needham & Company LLC initiated coverage on Columbia Sportswear in a research note on Friday, May 30th. They set a "hold" rating for the company. Finally, Citigroup reissued a "neutral" rating and set a $68.00 price objective (down previously 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 assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $70.00.

Insiders Place Their Bets

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $65.94, for a total value of $183,049.44. Following the completion of the sale, the director now owns 128,309 shares in the company, valued at approximately $8,460,695.46. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 48.30% of the company's stock.

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.