Tidal Investments LLC Sells 6,335 Shares of Columbia Sportswear (NASDAQ:COLM)

Tidal Investments LLC lessened its stake in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 37.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,427 shares of the textile maker's stock after selling 6,335 shares during the period. Tidal Investments LLC's holdings in Columbia Sportswear were worth $875,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COLM. Deutsche Bank AG increased its holdings in shares of Columbia Sportswear by 3.7% in the 4th quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker's stock worth $328,000 after purchasing an additional 141 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Columbia Sportswear by 18.4% in the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock worth $77,000 after purchasing an additional 142 shares in the last quarter. Cairn Investment Group Inc. increased its holdings in shares of Columbia Sportswear by 0.3% in the 4th quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker's stock worth $3,750,000 after purchasing an additional 145 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Columbia Sportswear by 1.0% in the 4th quarter. Amalgamated Bank now owns 15,337 shares of the textile maker's stock worth $1,287,000 after purchasing an additional 146 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased 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 worth $25,000 after purchasing an additional 194 shares in the last quarter. Institutional investors own 47.76% of the company's stock.

Insider Activity at Columbia Sportswear

In other news, Director Stephen E. Babson sold 2,776 shares of the business'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 transaction, the director now directly owns 128,309 shares in the company, valued at $8,460,695.46. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 44.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Columbia Sportswear Trading Down 0.9%

NASDAQ COLM traded down $0.56 on Thursday, hitting $64.51. 879,544 shares of the company traded hands, compared to its average volume of 592,226. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 2.54 and a beta of 1.00. The business's 50 day moving average price is $67.01 and its 200-day moving average price is $78.84. Columbia Sportswear has a 52-week low of $58.44 and a 52-week high of $92.88.

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 the consensus estimate of $0.68 by $0.07. The company had revenue of $778.45 million for the quarter, compared to the consensus estimate of $763.50 million. Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. Columbia Sportswear's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. As a group, sell-side analysts predict that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.20 annualized dividend and a yield of 1.86%. 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.