Exchange Traded Concepts LLC Makes New $715,000 Investment in Columbia Sportswear Company (NASDAQ:COLM)

Exchange Traded Concepts LLC purchased a new position in Columbia Sportswear Company (NASDAQ:COLM - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,451 shares of the textile maker's stock, valued at approximately $715,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its holdings 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 grew its holdings in shares of Columbia Sportswear by 12,400.0% during the 1st quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker's stock worth $47,000 after purchasing 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 about $76,000. Signaturefd LLC grew its holdings in shares of Columbia Sportswear by 18.4% during the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock worth $77,000 after purchasing an additional 142 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Columbia Sportswear during the 4th quarter worth about $139,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Columbia Sportswear Price Performance

COLM opened at $60.39 on Friday. Columbia Sportswear Company has a fifty-two week low of $58.44 and a fifty-two week high of $92.88. The business has a 50-day moving average of $63.92 and a 200-day moving average of $76.14. The company has a market capitalization of $3.33 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 4.00 and a beta of 1.00.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The textile maker reported $0.75 EPS for the quarter, topping 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 the consensus estimate of $763.50 million. During the same period in the previous year, the business posted $0.71 EPS. The company's revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities research analysts expect that Columbia Sportswear Company will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were given a $0.30 dividend. 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 payout ratio is 30.69%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on COLM. Stifel Nicolaus decreased 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. Needham & Company LLC assumed coverage on Columbia Sportswear in a report on Friday, May 30th. They set a "hold" rating for the company. Citigroup restated a "neutral" rating and issued a $68.00 price target (down previously from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. UBS Group upped their price target on Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a report on Monday, April 14th. Finally, Barclays decreased their price target 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. One investment 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 data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $70.00.

Insider Transactions at Columbia Sportswear

In other news, Director Stephen E. Babson sold 2,776 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $65.94, for a total transaction of $183,049.44. Following the completion of the sale, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 48.30% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding COLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbia Sportswear Company (NASDAQ:COLM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.