Gotham Asset Management LLC Has $5.38 Million Stock Position in Columbia Sportswear (NASDAQ:COLM)

Gotham Asset Management LLC decreased its position in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 39.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,036 shares of the textile maker's stock after selling 42,038 shares during the period. Gotham Asset Management LLC owned 0.11% of Columbia Sportswear worth $5,375,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings 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 purchasing an additional 194 shares during the period. GAMMA Investing LLC increased its holdings in shares of Columbia Sportswear by 43.2% in the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker's stock valued at $50,000 after purchasing an additional 181 shares during the period. Signaturefd LLC increased its holdings 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 purchasing an additional 142 shares during the period. Blue Trust Inc. increased its holdings 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 purchasing an additional 237 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Columbia Sportswear in the fourth quarter valued at approximately $139,000. Institutional investors and hedge funds own 47.76% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on COLM shares. UBS Group lifted their price target on Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a research note on Monday, April 14th. Barclays decreased their price target on 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. Citigroup reiterated a "neutral" rating and set a $68.00 target price (down from $80.00) on shares of Columbia Sportswear in a research report 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, Stifel Nicolaus decreased their target price on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $70.00.

Columbia Sportswear Price Performance

COLM traded down $0.52 on Friday, reaching $66.70. The company's stock had a trading volume of 622,317 shares, compared to its average volume of 584,393. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth 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 business's 50 day moving average is $69.09 and its 200 day moving average is $79.77.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The textile maker reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. The firm 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 business posted $0.71 earnings per share. Columbia Sportswear's revenue for the quarter was up 1.1% on a year-over-year basis. As a group, research analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current fiscal 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 issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, May 22nd. Columbia Sportswear's dividend payout ratio (DPR) is 30.69%.

Insider Buying and Selling

In related news, EVP Richelle T. Luther sold 4,000 shares of the firm's 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 sale, the executive vice president now directly owns 14,283 shares in the company, valued at $1,319,177.88. This trade represents a 21.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen E. Babson sold 2,776 shares of Columbia Sportswear stock in a transaction on Friday, May 9th. The shares were sold at an average price of $65.94, for a total value 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 disclosure for this sale can be found here. Company insiders own 44.70% of the company's stock.

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.