Voloridge Investment Management LLC Reduces Stock Position in Columbia Sportswear (NASDAQ:COLM)

Voloridge Investment Management LLC lessened its stake in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,045 shares of the textile maker's stock after selling 4,803 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.08% of Columbia Sportswear worth $3,865,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Boston Trust Walden Corp boosted its stake in Columbia Sportswear by 0.3% in the 4th 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 during the last quarter. Thrivent Financial for Lutherans boosted its stake in Columbia Sportswear by 10.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker's stock worth $101,355,000 after buying an additional 109,488 shares during the last quarter. American Century Companies Inc. boosted its stake in Columbia Sportswear by 18.0% in the 4th quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker's stock worth $74,255,000 after buying an additional 134,813 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Columbia Sportswear by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker's stock worth $47,372,000 after buying an additional 13,800 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Columbia Sportswear by 25.3% in the 4th quarter. Invesco Ltd. now owns 530,600 shares of the textile maker's stock worth $44,533,000 after buying an additional 107,157 shares during the last quarter. Hedge funds and other institutional investors own 47.76% of the company's stock.

Columbia Sportswear Stock Down 1.1%

Shares of NASDAQ COLM traded down $0.70 during midday trading on Friday, hitting $63.81. The stock had a trading volume of 854,767 shares, compared to its average volume of 595,400. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 2.54 and a beta of 1.00. Columbia Sportswear has a 1-year low of $58.44 and a 1-year high of $92.88. The company has a fifty day moving average price of $66.50 and a 200 day moving average price of $78.49.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its earnings results on Thursday, May 1st. The textile maker reported $0.75 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07. The business had revenue of $778.45 million for the quarter, compared to the consensus estimate of $763.50 million. Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. The company's revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. On average, research analysts forecast that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, May 22nd. This represents a $1.20 annualized dividend and a dividend yield of 1.88%. Columbia Sportswear's payout ratio is currently 30.69%.

Insider Activity at Columbia Sportswear

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of Columbia Sportswear 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 sale, the director now directly owns 128,309 shares in the company, valued at $8,460,695.46. The trade was a 2.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 44.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on COLM shares. Needham & Company LLC started coverage on Columbia Sportswear in a research note on Friday. They issued a "hold" rating on the stock. Citigroup reaffirmed a "neutral" rating and issued a $68.00 price objective (down from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. Wall Street Zen lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. UBS Group lifted their price objective on Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a research note on Monday, April 14th. Finally, 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. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Columbia Sportswear has an average rating of "Hold" and an average price target of $70.00.

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.