Freestone Grove Partners LP Invests $390,000 in Columbia Sportswear (NASDAQ:COLM)

Freestone Grove Partners LP purchased a new position in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,641 shares of the textile maker's stock, valued at approximately $390,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda acquired a new position in Columbia Sportswear in the fourth quarter worth approximately $139,000. Schonfeld Strategic Advisors LLC lifted its position in shares of Columbia Sportswear by 67.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 12,038 shares of the textile maker's stock worth $1,010,000 after purchasing an additional 4,868 shares during the last quarter. AQR Capital Management LLC boosted its stake in Columbia Sportswear by 11.2% during the 4th quarter. AQR Capital Management LLC now owns 276,992 shares of the textile maker's stock valued at $23,248,000 after purchasing an additional 27,852 shares during the period. Northern Trust Corp grew its holdings in Columbia Sportswear by 19.2% in the 4th quarter. Northern Trust Corp now owns 379,016 shares of the textile maker's stock valued at $31,811,000 after buying an additional 61,088 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in Columbia Sportswear in the 4th quarter worth approximately $1,427,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COLM has been the subject of a number of research reports. Stifel Nicolaus reduced their price objective on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. 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. Citigroup reiterated 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. StockNews.com downgraded Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Barclays cut their price objective on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Columbia Sportswear has a consensus rating of "Hold" and an average price target of $70.00.

Insider Buying and Selling at Columbia Sportswear

In related news, Director Ronald E. Nelson sold 6,395 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total transaction of $522,727.30. Following the completion of the transaction, the director now directly owns 17,048 shares in the company, valued at $1,393,503.52. This represents a 27.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richelle T. Luther sold 4,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total value of $369,440.00. Following the sale, the executive vice president now directly owns 14,283 shares in the company, valued at approximately $1,319,177.88. This trade represents a 21.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 44.70% of the company's stock.

Columbia Sportswear Stock Performance

COLM stock traded down $1.12 during midday trading on Friday, hitting $66.12. 812,878 shares of the company's stock were exchanged, compared to its average volume of 579,638. The company has a market cap of $3.65 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 2.54 and a beta of 1.00. Columbia Sportswear has a one year low of $58.44 and a one year high of $92.88. The stock's fifty day moving average price is $70.66 and its 200-day moving average price is $80.07.

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, topping the consensus estimate of $0.68 by $0.07. The business had revenue of $778.45 million during the quarter, compared to analysts' expectations of $763.50 million. Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. The firm's revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 earnings per share. On average, analysts expect that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be paid a $0.30 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 1.81%. Columbia Sportswear's dividend payout ratio (DPR) is currently 30.69%.

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.