SG Americas Securities LLC Purchases Shares of 14,487 Columbia Sportswear Company (NASDAQ:COLM)

SG Americas Securities LLC acquired a new position in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 14,487 shares of the textile maker's stock, valued at approximately $1,097,000.

Several other hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans raised its holdings in Columbia Sportswear by 10.0% during the 4th 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 period. American Century Companies Inc. increased its stake in Columbia Sportswear by 18.0% in the fourth quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker's stock worth $74,255,000 after purchasing an additional 134,813 shares during the period. Charles Schwab Investment Management Inc. lifted its position 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 worth $47,372,000 after purchasing an additional 13,800 shares during the last quarter. Invesco Ltd. lifted its position 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 worth $44,533,000 after purchasing an additional 107,157 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Columbia Sportswear by 11.6% during the fourth quarter. Bank of New York Mellon Corp now owns 418,531 shares of the textile maker's stock worth $35,127,000 after purchasing an additional 43,654 shares during the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Columbia Sportswear

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $65.94, for a total value of $183,049.44. Following the completion of the transaction, the director now directly owns 128,309 shares of the company's stock, valued at approximately $8,460,695.46. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 48.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Needham & Company LLC assumed coverage on Columbia Sportswear in a research report on Friday, May 30th. They set a "hold" rating for the company. Citigroup reiterated a "neutral" rating and set a $68.00 target price (down from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. Stifel Nicolaus cut their price target 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. Barclays cut their price target 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. Finally, UBS Group raised their price target on 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, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $70.00.

Columbia Sportswear Stock Performance

COLM traded up $0.33 on Friday, hitting $60.39. The company had a trading volume of 1,666,378 shares, compared to its average volume of 612,379. Columbia Sportswear Company has a 12-month low of $58.44 and a 12-month high of $92.88. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 4.02 and a beta of 1.00. The stock has a fifty day moving average price of $63.92 and a 200-day moving average price of $76.05.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The textile maker reported $0.75 earnings per share for the quarter, topping 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 quarter in the previous year, the firm earned $0.71 earnings per share. The company's revenue was up 1.1% on a year-over-year basis. Analysts forecast that Columbia Sportswear Company will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were given a $0.30 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 1.99%. Columbia Sportswear's dividend payout ratio is currently 30.69%.

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.