International Assets Investment Management LLC Purchases Shares of 87,776 Columbia Sportswear (NASDAQ:COLM)

International Assets Investment Management LLC 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 13F filing with the Securities and Exchange Commission. The firm purchased 87,776 shares of the textile maker's stock, valued at approximately $6,982,000. International Assets Investment Management LLC owned approximately 0.15% of Columbia Sportswear at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of COLM. Quent Capital LLC raised its holdings in Columbia Sportswear by 404.4% in the 3rd quarter. Quent Capital LLC now owns 343 shares of the textile maker's stock worth $25,000 after acquiring an additional 275 shares during the period. Advisors Asset Management Inc. acquired a new stake in Columbia Sportswear in the 3rd quarter worth $25,000. Advisory Services Network LLC grew its position in Columbia Sportswear by 176.1% in the 1st quarter. Advisory Services Network LLC now owns 312 shares of the textile maker's stock worth $28,000 after purchasing an additional 199 shares during the last quarter. Quarry LP acquired a new stake in shares of Columbia Sportswear during the 2nd quarter valued at about $33,000. Finally, Venturi Wealth Management LLC boosted its position in shares of Columbia Sportswear by 76.2% during the 4th quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker's stock valued at $36,000 after acquiring an additional 195 shares in the last quarter. Institutional investors own 47.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on COLM. UBS Group dropped their target price on shares of Columbia Sportswear from $62.00 to $59.00 and set a "sell" rating for the company in a research note on Friday, February 2nd. StockNews.com cut shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $78.00.

Columbia Sportswear Price Performance

Columbia Sportswear stock traded down $0.59 during midday trading on Monday, hitting $74.21. The company's stock had a trading volume of 689,481 shares, compared to its average volume of 497,728. Columbia Sportswear has a 1-year low of $66.01 and a 1-year high of $90.04. The company has a 50-day moving average price of $79.23 and a two-hundred day moving average price of $77.69. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 3.06 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The textile maker reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.14). Columbia Sportswear had a return on equity of 14.11% and a net margin of 7.21%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. Sell-side analysts forecast that Columbia Sportswear will post 3.7 EPS for the current year.

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Thursday, March 7th. Columbia Sportswear's dividend payout ratio is currently 29.06%.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Ronald E. Nelson sold 5,768 shares of the firm's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total value of $473,264.40. Following the transaction, the director now directly owns 16,857 shares of the company's stock, valued at approximately $1,383,116.85. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Ronald E. Nelson sold 5,768 shares of Columbia Sportswear stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total transaction of $473,264.40. Following the sale, the director now directly owns 16,857 shares of the company's stock, valued at approximately $1,383,116.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen E. Babson sold 2,411 shares of Columbia Sportswear stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $80.98, for a total transaction of $195,242.78. Following the sale, the director now directly owns 122,879 shares in the company, valued at $9,950,741.42. The disclosure for this sale can be found here. Insiders own 43.00% of the company's stock.

Columbia Sportswear 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.