Nomura Holdings Inc. Invests $357,000 in Columbia Sportswear (NASDAQ:COLM)

Nomura Holdings Inc. bought a new position in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,250 shares of the textile maker's stock, valued at approximately $357,000.

Several other hedge funds have also recently bought and sold shares of the stock. Impact Partnership Wealth LLC bought a new stake in shares of Columbia Sportswear during the fourth quarter worth $240,000. Blue Trust Inc. raised its stake in shares of Columbia Sportswear by 33.6% in the 4th quarter. Blue Trust Inc. now owns 942 shares of the textile maker's stock valued at $78,000 after purchasing an additional 237 shares during the period. KBC Group NV raised its stake in shares of Columbia Sportswear by 26.8% in the 4th quarter. KBC Group NV now owns 1,975 shares of the textile maker's stock valued at $166,000 after purchasing an additional 418 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Columbia Sportswear by 1.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 32,691 shares of the textile maker's stock valued at $2,744,000 after purchasing an additional 404 shares in the last quarter. Finally, Cairn Investment Group Inc. boosted its position in shares of Columbia Sportswear by 0.3% during the fourth quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker's stock worth $3,750,000 after buying an additional 145 shares during the period. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Columbia Sportswear Stock Down 0.4%

Shares of NASDAQ COLM traded down $0.29 during trading hours on Wednesday, hitting $65.88. The company had a trading volume of 111,921 shares, compared to its average volume of 588,096. Columbia Sportswear has a 1-year low of $58.44 and a 1-year high of $92.88. The firm's 50 day moving average is $67.24 and its 200-day moving average is $78.94. The stock has a market capitalization of $3.63 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 2.54 and a beta of 1.00.

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

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be given a $0.30 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.82%. Columbia Sportswear's payout ratio is 30.69%.

Insider Transactions at Columbia Sportswear

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of the firm'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 of the company's stock, valued at $8,460,695.46. This trade represents a 2.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 44.70% of the stock is currently owned by corporate insiders.

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.