Columbia Sportswear (NASDAQ:COLM) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its holdings in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,438,171 shares of the textile maker's stock after selling 178,749 shares during the quarter. Victory Capital Management Inc. owned 2.38% of Columbia Sportswear worth $114,392,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp lifted its holdings in shares of Columbia Sportswear by 44.3% in the 3rd quarter. Fifth Third Bancorp now owns 502 shares of the textile maker's stock worth $37,000 after acquiring an additional 154 shares during the last quarter. Venturi Wealth Management LLC raised its position in 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 purchasing an additional 195 shares in the last quarter. Cascade Investment Advisors Inc. lifted its holdings in shares of Columbia Sportswear by 1.0% in the 4th quarter. Cascade Investment Advisors Inc. now owns 20,085 shares of the textile maker's stock worth $1,598,000 after buying an additional 205 shares during the period. Quent Capital LLC grew its position in shares of Columbia Sportswear by 79.6% during the 4th quarter. Quent Capital LLC now owns 616 shares of the textile maker's stock worth $49,000 after buying an additional 273 shares in the last quarter. Finally, Lmcg Investments LLC increased its stake in shares of Columbia Sportswear by 2.2% during the third quarter. Lmcg Investments LLC now owns 15,799 shares of the textile maker's stock valued at $1,171,000 after buying an additional 334 shares during the period. 47.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Columbia Sportswear

In other news, Director Stephen E. Babson sold 2,411 shares of the company's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $80.98, for a total value of $195,242.78. Following the completion of the transaction, the director now owns 122,879 shares in the company, valued at approximately $9,950,741.42. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Stephen E. Babson sold 2,411 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $80.98, for a total value of $195,242.78. Following the completion of the sale, the director now directly owns 122,879 shares of the company's stock, valued at $9,950,741.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sabrina Simmons sold 523 shares of the company's stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total transaction of $42,729.10. Following the completion of the sale, the director now owns 6,483 shares of the company's stock, valued at approximately $529,661.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,901 shares of company stock valued at $1,269,159. Corporate insiders own 43.00% of the company's stock.

Columbia Sportswear Stock Down 0.6 %

NASDAQ COLM traded down $0.52 during trading on Friday, hitting $81.01. The stock had a trading volume of 352,578 shares, compared to its average volume of 521,643. The company has a market capitalization of $4.84 billion, a PE ratio of 19.89, a PEG ratio of 3.39 and a beta of 0.94. The firm has a 50 day moving average price of $78.74 and a 200 day moving average price of $78.25. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $86.11.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The textile maker reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.36. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The firm had revenue of $769.98 million during the quarter, compared to analysts' expectations of $740.62 million. During the same quarter in the previous year, the business posted $0.74 earnings per share. The business's quarterly revenue was down 6.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Columbia Sportswear will post 3.83 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.48%. Columbia Sportswear's payout ratio is currently 29.27%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. StockNews.com cut shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Tuesday, January 9th. UBS Group dropped their target price on Columbia Sportswear from $62.00 to $59.00 and set a "sell" rating for the company in a report on Friday, February 2nd. Finally, Stifel Nicolaus lifted their price target on Columbia Sportswear from $75.00 to $84.00 and gave the stock a "hold" rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, Columbia Sportswear has a consensus rating of "Hold" and a consensus price target of $75.75.

Columbia Sportswear Company 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.