Schonfeld Strategic Advisors LLC Buys 4,868 Shares of Columbia Sportswear (NASDAQ:COLM)

Schonfeld Strategic Advisors LLC raised its stake in Columbia Sportswear (NASDAQ:COLM - Free Report) by 67.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,038 shares of the textile maker's stock after acquiring an additional 4,868 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Columbia Sportswear were worth $1,010,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its stake in shares of Columbia Sportswear by 184.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock valued at $25,000 after purchasing an additional 194 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Columbia Sportswear by 43.2% during the 4th quarter. GAMMA Investing LLC now owns 600 shares of the textile maker's stock valued at $50,000 after purchasing an additional 181 shares during the last quarter. Signaturefd LLC boosted its position in Columbia Sportswear by 18.4% in the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock valued at $77,000 after buying an additional 142 shares in the last quarter. Blue Trust Inc. grew 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 buying an additional 237 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Columbia Sportswear by 26.8% during the fourth quarter. KBC Group NV now owns 1,975 shares of the textile maker's stock worth $166,000 after buying an additional 418 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Columbia Sportswear

In related news, EVP Richelle T. Luther sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total transaction of $369,440.00. Following the completion of the transaction, the executive vice president now owns 14,283 shares in the company, valued at approximately $1,319,177.88. The trade was a 21.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald E. Nelson sold 6,395 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.74, for a total transaction of $522,727.30. Following the completion of the sale, the director now owns 17,048 shares in the company, valued at approximately $1,393,503.52. This trade represents a 27.28% 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.

Wall Street Analyst Weigh In

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

Columbia Sportswear Stock Down 0.6%

COLM stock traded down $0.43 during midday trading on Tuesday, reaching $69.16. The stock had a trading volume of 110,879 shares, compared to its average volume of 578,769. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 2.54 and a beta of 1.00. Columbia Sportswear has a twelve month low of $58.44 and a twelve month high of $92.88. The business has a fifty day simple moving average of $70.37 and a two-hundred day simple moving average of $80.06.

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

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Thursday, May 22nd. Columbia Sportswear's dividend payout ratio 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.