Squarepoint Ops LLC Sells 26,409 Shares of Columbia Sportswear (NASDAQ:COLM)

Squarepoint Ops LLC decreased its holdings in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 17.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,058 shares of the textile maker's stock after selling 26,409 shares during the quarter. Squarepoint Ops LLC owned 0.23% of Columbia Sportswear worth $10,832,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in COLM. Smartleaf Asset Management LLC increased its position in Columbia Sportswear by 184.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock worth $25,000 after purchasing an additional 194 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Columbia Sportswear during the fourth quarter worth $76,000. Signaturefd LLC increased its holdings in shares of Columbia Sportswear by 18.4% during the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock worth $77,000 after buying an additional 142 shares in the last quarter. Blue Trust Inc. lifted 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 acquiring an additional 237 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Columbia Sportswear during the 4th quarter valued at $139,000. Institutional investors own 47.76% of the company's stock.

Columbia Sportswear Trading Up 0.3%

Shares of COLM stock opened at $64.92 on Friday. Columbia Sportswear has a 1-year low of $58.44 and a 1-year high of $92.88. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 2.54 and a beta of 1.00. The stock has a 50-day moving average of $68.03 and a 200-day moving average of $79.37.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its earnings results 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 net margin of 6.63% and a return on equity of 12.23%. The business had revenue of $778.45 million during the quarter, compared to the consensus estimate of $763.50 million. During the same quarter in the prior year, the firm posted $0.71 EPS. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. Sell-side analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The company 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 dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Thursday, May 22nd. Columbia Sportswear's dividend payout ratio (DPR) is presently 30.69%.

Insider Buying and Selling

In related news, Director Stephen E. Babson sold 2,776 shares of the firm'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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total value of $369,440.00. Following the completion of the sale, the executive vice president now owns 14,283 shares of the company's stock, valued at approximately $1,319,177.88. The trade was a 21.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 44.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on COLM. UBS Group upped their target price on Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a report on Monday, April 14th. Citigroup reaffirmed a "neutral" rating and issued a $68.00 price objective (down previously from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. Stifel Nicolaus cut their target price on shares of Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Barclays reduced their target price on shares of Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Finally, Wall Street Zen downgraded shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $70.00.

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.

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