Raymond James Financial Inc. Takes Position in Columbia Sportswear (NASDAQ:COLM)

Raymond James Financial Inc. purchased a new position in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 22,688 shares of the textile maker's stock, valued at approximately $1,904,000.

A number of other hedge funds have also bought and sold shares of the company. Franklin Resources Inc. grew its position in shares of Columbia Sportswear by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 212,061 shares of the textile maker's stock worth $16,950,000 after acquiring an additional 4,425 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Columbia Sportswear by 43.2% during the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker's stock worth $50,000 after purchasing an additional 181 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Columbia Sportswear in the 4th quarter worth about $6,356,000. Impact Partnership Wealth LLC bought a new stake in shares of Columbia Sportswear during the 4th quarter valued at about $240,000. Finally, Blue Trust Inc. raised its stake in Columbia Sportswear by 33.6% during the fourth quarter. Blue Trust Inc. now owns 942 shares of the textile maker's stock worth $78,000 after acquiring an additional 237 shares during the period. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Richelle T. Luther sold 4,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total value of $369,440.00. Following the sale, the executive vice president now directly owns 14,283 shares of the company's stock, valued at approximately $1,319,177.88. This trade represents a 21.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ronald E. Nelson sold 6,395 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $81.74, for a total value of $522,727.30. Following the transaction, the director now directly owns 17,048 shares of the company's stock, valued at $1,393,503.52. This represents a 27.28 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

COLM has been the topic of several recent research reports. Barclays cut their price target on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Citigroup reiterated a "neutral" rating and issued a $68.00 target price (down from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. UBS Group upped their price target on shares of Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a research report on Monday, April 14th. Stifel Nicolaus decreased their target price on shares of Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $70.00.

Columbia Sportswear Stock Up 2.3 %

Shares of Columbia Sportswear stock traded up $1.44 on Wednesday, hitting $64.65. 1,068,077 shares of the company traded hands, compared to its average volume of 574,852. Columbia Sportswear has a 12-month low of $58.44 and a 12-month high of $92.88. The company has a market cap of $3.57 billion, a PE ratio of 16.70, a PEG ratio of 2.54 and a beta of 1.00. The company has a 50-day moving average price of $71.35 and a 200 day moving average price of $80.24.

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

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, May 22nd. This represents a $1.20 annualized dividend and a dividend yield of 1.86%. Columbia Sportswear's dividend payout ratio (DPR) is presently 30.69%.

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.