Nuveen Asset Management LLC Cuts Position in Columbia Sportswear (NASDAQ:COLM)

Nuveen Asset Management LLC lessened its holdings in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,596 shares of the textile maker's stock after selling 7,720 shares during the period. Nuveen Asset Management LLC owned about 0.12% of Columbia Sportswear worth $5,673,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Boston Trust Walden Corp grew its stake in shares of Columbia Sportswear by 0.3% during the fourth quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker's stock valued at $107,778,000 after buying an additional 3,214 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Columbia Sportswear by 10.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker's stock valued at $101,355,000 after buying an additional 109,488 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Columbia Sportswear by 18.0% during the fourth quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker's stock valued at $74,255,000 after buying an additional 134,813 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Columbia Sportswear by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker's stock valued at $47,372,000 after buying an additional 13,800 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Columbia Sportswear by 25.3% during the fourth quarter. Invesco Ltd. now owns 530,600 shares of the textile maker's stock valued at $44,533,000 after buying an additional 107,157 shares during the last quarter. Institutional investors own 47.76% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on COLM. Citigroup reaffirmed a "neutral" rating and set a $68.00 target price (down previously from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. Needham & Company LLC began coverage on Columbia Sportswear in a research note on Friday, May 30th. They set a "hold" rating on the stock. Stifel Nicolaus lowered their price target on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating for the company in a report on Friday, May 2nd. UBS Group boosted their price target on Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a report on Monday, April 14th. Finally, Barclays lowered 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 equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently 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 $0.24 during trading on Wednesday, reaching $61.55. 629,151 shares of the company's stock traded hands, compared to its average volume of 598,465. Columbia Sportswear has a fifty-two week low of $58.44 and a fifty-two week high of $92.88. The firm has a market cap of $3.40 billion, a PE ratio of 15.90, a P/E/G ratio of 2.54 and a beta of 1.00. The company has a 50-day simple moving average of $65.62 and a 200-day simple moving average of $78.11.

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, topping 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 company had revenue of $778.45 million for the quarter, compared to analysts' expectations of $763.50 million. During the same period in the previous year, the firm posted $0.71 EPS. Columbia Sportswear'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 EPS 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 issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, May 22nd. Columbia Sportswear's payout ratio is 30.69%.

Insider Buying and Selling

In related 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 value of $183,049.44. Following the sale, the director now directly owns 128,309 shares in the company, valued at approximately $8,460,695.46. The trade was a 2.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 44.70% of the stock is currently owned by 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.