Columbia Sportswear Company (NASDAQ:COLM) Shares Purchased by Legato Capital Management LLC

Legato Capital Management LLC lifted its holdings in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 63.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,712 shares of the textile maker's stock after purchasing an additional 6,109 shares during the period. Legato Capital Management LLC's holdings in Columbia Sportswear were worth $1,189,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Deutsche Bank AG increased its stake in shares of Columbia Sportswear by 3.7% during 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. Covestor Ltd grew its stake in Columbia Sportswear by 13.0% in the 4th quarter. Covestor Ltd now owns 2,101 shares of the textile maker's stock worth $177,000 after acquiring an additional 241 shares during the period. Xponance Inc. grew its stake in Columbia Sportswear by 7.7% in the 4th quarter. Xponance Inc. now owns 3,804 shares of the textile maker's stock worth $319,000 after acquiring an additional 273 shares during the period. Procyon Advisors LLC grew its stake in Columbia Sportswear by 8.3% in the 1st quarter. Procyon Advisors LLC now owns 3,605 shares of the textile maker's stock worth $273,000 after acquiring an additional 276 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Columbia Sportswear by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 73,810 shares of the textile maker's stock worth $5,587,000 after acquiring an additional 324 shares during the period. 47.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of the firm'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 directly owned 128,309 shares of the company's stock, valued at $8,460,695.46. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 48.30% of the stock is owned by company insiders.

Columbia Sportswear Trading Up 0.3%

NASDAQ:COLM traded up $0.19 during mid-day trading on Friday, hitting $60.63. The company had a trading volume of 482,603 shares, compared to its average volume of 554,649. The business has a fifty day simple moving average of $62.19 and a 200-day simple moving average of $71.77. Columbia Sportswear Company has a 1 year low of $58.44 and a 1 year high of $92.88. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 4.07 and a beta of 0.97.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released 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 12.57% and a net margin of 6.61%. The company had revenue of $778.45 million for the quarter, compared to analyst estimates of $763.50 million. During the same period last year, the company posted $0.71 earnings per share. The firm's revenue was up 1.1% compared to the same quarter last year. As a group, research analysts anticipate that Columbia Sportswear Company will post 4.1 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on COLM. Needham & Company LLC began coverage on shares of Columbia Sportswear in a research note on Friday, May 30th. They issued a "hold" rating for the company. Barclays lowered 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. Citigroup reissued a "neutral" rating and set a $68.00 price objective (down from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. UBS Group boosted their price objective on shares of Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a research note on Monday, April 14th. Finally, Stifel Nicolaus lowered their price objective 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $68.00.

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.