12,376 Shares in Columbia Sportswear (NASDAQ:COLM) Purchased by Duality Advisers LP

Duality Advisers LP purchased a new stake in Columbia Sportswear (NASDAQ:COLM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,376 shares of the textile maker's stock, valued at approximately $984,000.

A number of other hedge funds also recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in Columbia Sportswear in the fourth quarter valued at approximately $6,982,000. Comerica Bank lifted its stake in Columbia Sportswear by 67.5% in the third quarter. Comerica Bank now owns 57,191 shares of the textile maker's stock valued at $4,238,000 after buying an additional 23,055 shares during the last quarter. Quadrature Capital Ltd lifted its stake in Columbia Sportswear by 107.6% in the third quarter. Quadrature Capital Ltd now owns 90,642 shares of the textile maker's stock valued at $6,718,000 after buying an additional 46,972 shares during the last quarter. Morgan Stanley lifted its stake in Columbia Sportswear by 9.2% in the third quarter. Morgan Stanley now owns 4,352,622 shares of the textile maker's stock valued at $322,530,000 after buying an additional 366,854 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Columbia Sportswear in the third quarter valued at approximately $1,264,000. Institutional investors and hedge funds own 47.76% of the company's stock.

Insiders Place Their Bets

In other Columbia Sportswear news, Director Ronald E. Nelson sold 5,768 shares of Columbia Sportswear stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total value of $473,264.40. Following the completion of the transaction, the director now owns 16,857 shares of the company's stock, valued at $1,383,116.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Ronald E. Nelson sold 5,768 shares of the business's stock in a transaction 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 completion of the transaction, the director now owns 16,857 shares of the company's stock, valued at $1,383,116.85. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen E. Babson sold 2,411 shares of the business's stock in a transaction 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 transaction, the director now directly owns 122,879 shares of the company's stock, valued at approximately $9,950,741.42. The disclosure for this sale can be found here. 43.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

COLM has been the topic of a number of recent research reports. StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Tuesday, January 9th. UBS Group dropped their price objective on Columbia Sportswear from $62.00 to $59.00 and set a "sell" rating on the stock in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $78.00.

Columbia Sportswear Stock Up 1.0 %

Shares of COLM traded up $0.79 during mid-day trading on Wednesday, reaching $79.78. 546,285 shares of the stock traded hands, compared to its average volume of 498,295. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 3.15 and a beta of 0.94. The stock has a fifty day simple moving average of $78.91 and a 200 day simple moving average of $77.90. Columbia Sportswear has a 12-month low of $66.01 and a 12-month high of $89.11.

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

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.30 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.50%. Columbia Sportswear's dividend payout ratio (DPR) is presently 29.06%.

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.