National Bank of Canada FI Acquires Shares of 14,000 Columbia Sportswear (NASDAQ:COLM)

National Bank of Canada FI acquired a new position in Columbia Sportswear (NASDAQ:COLM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,000 shares of the textile maker's stock, valued at approximately $1,110,000.

Several other large investors have also bought and sold shares of COLM. Fifth Third Bancorp boosted its stake in 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 acquiring an additional 154 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Columbia Sportswear by 76.2% in the 4th quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker's stock worth $36,000 after purchasing an additional 195 shares in the last quarter. Cascade Investment Advisors Inc. grew its stake 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 last quarter. Quent Capital LLC increased its position in Columbia Sportswear by 79.6% during the 4th quarter. Quent Capital LLC now owns 616 shares of the textile maker's stock valued at $49,000 after buying an additional 273 shares in the last quarter. Finally, Lmcg Investments LLC raised its stake in 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 last quarter. 47.76% of the stock is owned by institutional investors.

Columbia Sportswear Price Performance

Shares of Columbia Sportswear stock traded down $1.13 during trading on Wednesday, hitting $83.59. 261,116 shares of the company's stock traded hands, compared to its average volume of 509,456. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $86.73. The business has a 50-day simple moving average of $79.05 and a 200-day simple moving average of $78.96. The stock has a market capitalization of $4.94 billion, a P/E ratio of 20.39, a PEG ratio of 3.53 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $740.62 million. During the same quarter last year, the firm posted $0.74 EPS. The business's quarterly revenue was down 6.2% compared to the same quarter last year. On average, equities analysts predict that Columbia Sportswear will post 3.83 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.44%. Columbia Sportswear's dividend payout ratio is presently 29.27%.

Insider Activity

In other Columbia Sportswear news, Director Sabrina Simmons sold 523 shares of the firm's stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total value of $42,729.10. Following the transaction, the director now directly owns 6,483 shares of the company's stock, valued at $529,661.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Ronald E. Nelson sold 5,768 shares of the company's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total value of $473,264.40. Following the completion of the sale, the director now directly owns 16,857 shares in the company, valued at approximately $1,383,116.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sabrina Simmons sold 523 shares of the firm's stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total value of $42,729.10. Following the completion of the transaction, the director now directly owns 6,483 shares in the company, valued at $529,661.10. The disclosure for this sale can be found here. Insiders have sold 13,490 shares of company stock valued at $1,073,916 in the last ninety days. 44.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Stifel Nicolaus increased their target price on Columbia Sportswear from $75.00 to $84.00 and gave the stock a "hold" rating in a research note on Friday, April 26th. UBS Group reduced their price objective 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 assigned a hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $75.75.

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.