Exchange Traded Concepts LLC Takes Position in Columbia Sportswear Company (NASDAQ:COLM)

Exchange Traded Concepts LLC acquired a new stake in Columbia Sportswear Company (NASDAQ:COLM - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,451 shares of the textile maker's stock, valued at approximately $715,000.

Several other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in Columbia Sportswear by 184.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock worth $25,000 after acquiring an additional 194 shares during the period. Whipplewood Advisors LLC increased its position 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 valued at $47,000 after purchasing an additional 620 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Columbia Sportswear during the 4th quarter worth $76,000. Signaturefd LLC grew its position in Columbia Sportswear by 18.4% during the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock valued at $77,000 after buying an additional 142 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new stake in Columbia Sportswear during the fourth quarter worth about $139,000. Institutional investors own 47.76% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Needham & Company LLC assumed coverage on shares of Columbia Sportswear in a research note on Friday, May 30th. They issued a "hold" rating on the stock. Barclays dropped their price objective on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating on the stock 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 report on Monday, April 14th. Citigroup reaffirmed a "neutral" rating and set a $68.00 price target (down previously from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. Finally, Stifel Nicolaus cut their price target on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Columbia Sportswear currently has a consensus rating of "Hold" and a consensus price target of $70.00.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of Columbia Sportswear stock in a transaction dated 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 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 document filed with the SEC, which is available at this hyperlink. 48.30% of the stock is currently owned by company insiders.

Columbia Sportswear Price Performance

COLM stock traded up $0.63 during mid-day trading on Tuesday, reaching $60.90. 621,594 shares of the company traded hands, compared to its average volume of 614,018. Columbia Sportswear Company has a 52-week low of $58.44 and a 52-week high of $92.88. The company has a market capitalization of $3.36 billion, a P/E ratio of 15.58, a P/E/G ratio of 4.02 and a beta of 1.00. The company has a fifty day moving average price of $63.78 and a 200-day moving average price of $75.77.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $763.50 million. During the same quarter last year, the company earned $0.71 earnings per share. The firm's quarterly revenue was up 1.1% on a year-over-year basis. As a group, analysts forecast that Columbia Sportswear Company will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, May 22nd. Columbia Sportswear's dividend payout ratio 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.