Columbia Sportswear (NASDAQ:COLM) Shares Sold by Vident Advisory LLC

Vident Advisory LLC cut its position in Columbia Sportswear (NASDAQ:COLM - Free Report) by 53.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,369 shares of the textile maker's stock after selling 10,833 shares during the period. Vident Advisory LLC's holdings in Columbia Sportswear were worth $786,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in Columbia Sportswear by 184.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock valued at $25,000 after buying an additional 194 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Columbia Sportswear in the fourth quarter valued at approximately $76,000. Signaturefd LLC raised its holdings in Columbia Sportswear by 18.4% during the fourth 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. Blue Trust Inc. lifted its position in shares of Columbia Sportswear by 33.6% during the 4th quarter. Blue Trust Inc. now owns 942 shares of the textile maker's stock worth $78,000 after buying an additional 237 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Columbia Sportswear during the 4th quarter worth approximately $139,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup reiterated a "neutral" rating and set a $68.00 price target (down from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. Barclays cut their target price 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. Wall Street Zen downgraded Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. 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. Finally, Stifel Nicolaus cut their price target on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $70.00.

Insider Buying and Selling at Columbia Sportswear

In other news, Director Stephen E. Babson sold 2,776 shares of Columbia Sportswear stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $65.94, for a total value of $183,049.44. Following the sale, the director now owns 128,309 shares of the company's stock, 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 accessible through this hyperlink. 44.70% of the stock is currently owned by corporate insiders.

Columbia Sportswear Trading Down 0.8%

Shares of COLM traded down $0.53 during mid-day trading on Thursday, hitting $64.54. 503,385 shares of the company's stock were exchanged, compared to its average volume of 591,382. Columbia Sportswear has a fifty-two week low of $58.44 and a fifty-two week high of $92.88. The business's 50 day moving average is $67.01 and its two-hundred day moving average is $78.84. The firm has a market capitalization of $3.56 billion, a P/E ratio of 16.63, a P/E/G ratio of 2.54 and a beta of 1.00.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The textile maker reported $0.75 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07. Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. The firm had revenue of $778.45 million during the quarter, compared to the consensus estimate of $763.50 million. During the same period in the prior year, the business earned $0.71 EPS. The firm's revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 1.86%. Columbia Sportswear's dividend payout ratio (DPR) is 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.