International Assets Investment Management LLC Buys New Shares in Columbia Sportswear (NASDAQ:COLM)

International Assets Investment Management LLC purchased a new position in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 reporting period.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp increased its holdings in shares of Columbia Sportswear by 44.3% during the third quarter. Fifth Third Bancorp now owns 502 shares of the textile maker's stock worth $37,000 after buying an additional 154 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Columbia Sportswear by 76.2% during the 4th quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker's stock worth $36,000 after acquiring an additional 195 shares during the last quarter. Cascade Investment Advisors Inc. increased its holdings in shares of Columbia Sportswear by 1.0% in the fourth quarter. Cascade Investment Advisors Inc. now owns 20,085 shares of the textile maker's stock valued at $1,598,000 after purchasing an additional 205 shares in the last quarter. Quent Capital LLC increased its position in Columbia Sportswear by 79.6% in the fourth quarter. Quent Capital LLC now owns 616 shares of the textile maker's stock worth $49,000 after purchasing an additional 273 shares during the period. Finally, Lmcg Investments LLC raised its holdings in Columbia Sportswear by 2.2% during the 3rd quarter. Lmcg Investments LLC now owns 15,799 shares of the textile maker's stock worth $1,171,000 after purchasing an additional 334 shares during the last quarter. Institutional investors and hedge funds own 47.76% of the company's stock.

Columbia Sportswear Stock Down 0.3 %

Columbia Sportswear stock traded down $0.27 during trading hours on Wednesday, reaching $81.93. 348,478 shares of the company's stock were exchanged, compared to its average volume of 515,137. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $86.11. The firm's 50 day simple moving average is $78.73 and its 200 day simple moving average is $78.49. The firm has a market capitalization of $4.84 billion, a PE ratio of 19.98, a PEG ratio of 3.37 and a beta of 0.94.

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

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, May 15th. Columbia Sportswear's payout ratio is 29.27%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Columbia Sportswear from $75.00 to $84.00 and gave the stock a "hold" rating in a research note on Friday, April 26th. StockNews.com cut Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Tuesday, January 9th. Finally, UBS Group cut 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. One analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat.com, Columbia Sportswear presently has an average rating of "Hold" and a consensus price target of $75.75.

Insider Buying and Selling

In related news, Director Stephen E. Babson sold 2,411 shares of the firm's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $80.98, for a total transaction of $195,242.78. Following the completion of the sale, the director now owns 122,879 shares in the company, valued at $9,950,741.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Jim A. Swanson sold 7,199 shares of the firm's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $77.50, for a total transaction of $557,922.50. Following the transaction, the chief financial officer now directly owns 9,423 shares of the company's stock, valued at approximately $730,282.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen E. Babson sold 2,411 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $80.98, for a total value of $195,242.78. Following the sale, the director now owns 122,879 shares of the company's stock, valued at $9,950,741.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,901 shares of company stock valued at $1,269,159. 44.70% of the stock is owned by insiders.

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.