Oak Thistle LLC Purchases New Shares in Columbia Sportswear Company (NASDAQ:COLM)

Key Points

• Oak Thistle LLC invested approximately $347,000 in Columbia Sportswear Company by acquiring 4,586 shares during the first quarter of the year.
• Columbia Sportswear's board member Stephen E. Babson sold 2,776 shares for over $183,000, which represents a 2.12% decrease in his ownership.
• Analysts have mixed ratings on Columbia Sportswear, with a consensus rating of "Hold" and a price target averaging $68.00.

Oak Thistle LLC bought a new position in Columbia Sportswear Company (NASDAQ:COLM - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 4,586 shares of the textile maker's stock, valued at approximately $347,000.

Several other institutional investors have also recently made changes to their positions in COLM. Raymond James Financial Inc. bought a new stake in Columbia Sportswear in the 4th quarter valued at $1,904,000. State of Alaska Department of Revenue increased its stake in Columbia Sportswear by 287.2% in the 1st quarter. State of Alaska Department of Revenue now owns 39,143 shares of the textile maker's stock worth $2,962,000 after acquiring an additional 29,035 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Columbia Sportswear in the 4th quarter worth approximately $296,000. Headlands Technologies LLC increased its position in Columbia Sportswear by 122.9% in the fourth quarter. Headlands Technologies LLC now owns 16,361 shares of the textile maker's stock worth $1,373,000 after purchasing an additional 9,021 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Columbia Sportswear by 8,642.2% in the first quarter. GAMMA Investing LLC now owns 52,453 shares of the textile maker's stock worth $3,970,000 after purchasing an additional 51,853 shares during the last quarter. Institutional investors own 47.76% of the company's stock.

Analyst Ratings Changes

COLM has been the topic of a number of research reports. Needham & Company LLC initiated coverage on shares of Columbia Sportswear in a report on Friday, May 30th. They issued a "hold" rating on the stock. Stifel Nicolaus reduced their price objective on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating on the stock 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. 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. Finally, UBS Group increased their target price 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $68.00.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of the 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 sale, the director directly owned 128,309 shares of the company's stock, valued at approximately $8,460,695.46. This trade represents a 2.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 48.30% of the stock is owned by insiders.

Columbia Sportswear Trading Down 0.9%

Shares of COLM stock traded down $0.51 during trading hours on Tuesday, reaching $59.86. 102,348 shares of the company's stock were exchanged, compared to its average volume of 761,211. The stock has a market cap of $3.30 billion, a PE ratio of 15.30, a PEG ratio of 4.08 and a beta of 0.97. Columbia Sportswear Company has a 1 year low of $58.44 and a 1 year high of $92.88. The stock's fifty day moving average price is $62.08 and its two-hundred day moving average price is $71.46.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The textile maker reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. Columbia Sportswear had a return on equity of 12.57% and a net margin of 6.61%. The business had revenue of $778.45 million for the quarter, compared to analyst estimates of $763.50 million. During the same period in the prior year, the company earned $0.71 earnings per share. The company's revenue was up 1.1% on a year-over-year basis. On average, equities analysts expect that Columbia Sportswear Company will post 4.1 EPS for the current fiscal year.

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.