5,204 Shares in Columbia Sportswear (NASDAQ:COLM) Acquired by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP purchased a new position in Columbia Sportswear (NASDAQ:COLM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,204 shares of the textile maker's stock, valued at approximately $437,000.

Several other large investors also recently modified their holdings of COLM. Charles Schwab Investment Management Inc. boosted its holdings in shares of Columbia Sportswear by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker's stock worth $47,372,000 after buying an additional 13,800 shares during the last quarter. Raymond James Financial Inc. bought a new position in Columbia Sportswear in the fourth quarter worth approximately $1,904,000. Proficio Capital Partners LLC bought a new position in Columbia Sportswear in the fourth quarter worth approximately $1,472,000. Truist Financial Corp boosted its stake in shares of Columbia Sportswear by 143.6% during the 4th quarter. Truist Financial Corp now owns 11,907 shares of the textile maker's stock worth $999,000 after acquiring an additional 7,019 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Columbia Sportswear during the 4th quarter valued at $296,000. Institutional investors own 47.76% of the company's stock.

Insider Activity

In other news, Director Stephen E. Babson sold 2,776 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $65.94, for a total transaction of $183,049.44. Following the completion of the transaction, the director now directly owns 128,309 shares in the company, valued at $8,460,695.46. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total value of $369,440.00. Following the completion of the sale, the executive vice president now directly owns 14,283 shares of the company's stock, valued at $1,319,177.88. The trade was a 21.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 44.70% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on COLM shares. Stifel Nicolaus lowered their price target on shares of Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. UBS Group increased their price target on Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a research note on Monday, April 14th. Barclays lowered their price objective on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, Citigroup reissued a "neutral" rating and set a $68.00 target price (down previously from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Columbia Sportswear currently has an average rating of "Hold" and a consensus target price of $70.00.

Columbia Sportswear Trading Down 0.3%

Shares of NASDAQ COLM traded down $0.18 during trading on Wednesday, reaching $66.22. 122,915 shares of the company traded hands, compared to its average volume of 583,823. The stock has a market cap of $3.65 billion, a P/E ratio of 17.09, a PEG ratio of 2.54 and a beta of 1.00. The firm's fifty day simple moving average is $68.59 and its 200 day simple moving average is $79.59. Columbia Sportswear has a 12-month low of $58.44 and a 12-month high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its earnings results on Thursday, May 1st. The textile maker reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. The firm had revenue of $778.45 million for the quarter, compared to analyst estimates of $763.50 million. Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. The business's revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. As a group, research analysts expect that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, May 22nd. Columbia Sportswear's dividend payout ratio is presently 30.69%.

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.