Two Sigma Investments LP Purchases New Shares in Columbia Sportswear (NASDAQ:COLM)

Two Sigma Investments LP purchased a new stake in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,860 shares of the textile maker's stock, valued at approximately $744,000.

A number of other hedge funds also recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its stake in shares of Columbia Sportswear by 184.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock valued at $25,000 after acquiring an additional 194 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Columbia Sportswear in the fourth quarter valued at $76,000. Signaturefd LLC raised its stake in shares of Columbia Sportswear by 18.4% in the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock valued at $77,000 after acquiring an additional 142 shares during the period. Blue Trust Inc. raised its stake in shares of Columbia Sportswear by 33.6% in the fourth 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 period. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Columbia Sportswear in the fourth quarter valued at $139,000. Hedge funds and other institutional investors own 47.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on COLM shares. UBS Group raised their price target on shares of Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a research note on Monday, April 14th. Needham & Company LLC started coverage on shares of Columbia Sportswear in a research note on Friday, May 30th. They issued a "hold" rating on the stock. Stifel Nicolaus reduced 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. Barclays reduced their price target on shares of 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, Citigroup reaffirmed a "neutral" rating and issued a $68.00 price target (down previously from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Columbia Sportswear presently has a consensus rating of "Hold" and a consensus price target of $70.00.

Columbia Sportswear Price Performance

Shares of Columbia Sportswear stock opened at $61.78 on Friday. 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 $65.03 and its two-hundred day moving average is $77.80. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 2.54 and a beta of 1.00.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its earnings results 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 net margin of 6.63% and a return on equity of 12.23%. 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 prior year, the business earned $0.71 EPS. The firm's quarterly revenue was up 1.1% on a year-over-year basis. On average, equities analysts expect that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Thursday, May 22nd. Columbia Sportswear's dividend payout ratio is currently 30.69%.

Insider Activity

In other news, Director Stephen E. Babson sold 2,776 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were 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. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 44.70% of the company's stock.

Columbia Sportswear Company 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.

Want to see what other hedge funds are holding COLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbia Sportswear (NASDAQ:COLM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.