UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 4,829 Shares of Columbia Sportswear (NASDAQ:COLM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Columbia Sportswear (NASDAQ:COLM - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,931 shares of the textile maker's stock after buying an additional 4,829 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of Columbia Sportswear worth $9,394,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of Columbia Sportswear by 33.6% during the fourth quarter. Blue Trust Inc. now owns 942 shares of the textile maker's stock worth $78,000 after buying an additional 237 shares in the last quarter. KBC Group NV grew its holdings in shares of Columbia Sportswear by 26.8% during the fourth quarter. KBC Group NV now owns 1,975 shares of the textile maker's stock worth $166,000 after buying an additional 418 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Columbia Sportswear by 1.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 32,691 shares of the textile maker's stock worth $2,744,000 after buying an additional 404 shares in the last quarter. Boston Trust Walden Corp grew its holdings 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 worth $107,778,000 after buying an additional 3,214 shares in the last quarter. Finally, Paragon Capital Management Inc. grew its holdings in shares of Columbia Sportswear by 1.4% during the fourth quarter. Paragon Capital Management Inc. now owns 24,350 shares of the textile maker's stock worth $2,044,000 after buying an additional 348 shares in the last quarter. Institutional investors own 47.76% of the company's stock.

Insider Transactions at Columbia Sportswear

In other news, Director Stephen E. Babson sold 2,776 shares of the 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 transaction, the director now owns 128,309 shares in the company, valued at approximately $8,460,695.46. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 44.70% of the stock is owned by corporate insiders.

Columbia Sportswear Trading Down 0.4%

Shares of COLM traded down $0.24 during mid-day trading on Wednesday, reaching $61.55. The company's stock had a trading volume of 629,151 shares, compared to its average volume of 598,465. 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 $3.40 billion, a P/E ratio of 15.90, a PEG ratio of 2.54 and a beta of 1.00. The business has a 50-day simple moving average of $65.62 and a two-hundred day simple moving average of $78.11.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its 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. The company had revenue of $778.45 million for the quarter, compared to analyst estimates of $763.50 million. Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 earnings per share. Research analysts anticipate that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, May 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.95%. Columbia Sportswear's dividend payout ratio (DPR) is currently 30.69%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on COLM. Needham & Company LLC began coverage on Columbia Sportswear in a report on Friday, May 30th. They set a "hold" rating for the company. Wall Street Zen downgraded Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. UBS Group increased their price target on Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a research report on Monday, April 14th. Citigroup reissued a "neutral" rating and set a $68.00 price target (down from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. Finally, Barclays reduced their price target on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. 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, the company presently has a consensus rating of "Hold" and a consensus price target of $70.00.

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.