3,755 Shares in Columbia Sportswear (NASDAQ:COLM) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in shares of Columbia Sportswear (NASDAQ:COLM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,755 shares of the textile maker’s stock, valued at approximately $299,000.

A number of other hedge funds also recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in shares of Columbia Sportswear during the 4th quarter valued at $6,982,000. Boston Trust Walden Corp boosted its position in shares of Columbia Sportswear by 30.9% in the 4th quarter. Boston Trust Walden Corp now owns 1,294,410 shares of the textile maker’s stock worth $102,957,000 after purchasing an additional 305,592 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. Quent Capital LLC boosted its position in shares of Columbia Sportswear by 79.6% in the 4th quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock worth $49,000 after purchasing an additional 273 shares in the last quarter. Finally, Planned Solutions Inc. acquired a new stake in shares of Columbia Sportswear in the 4th quarter worth $53,000. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on COLM shares. UBS Group lowered their price objective on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a research report on Friday, February 2nd. StockNews.com cut Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $78.00.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Ronald E. Nelson sold 5,768 shares of Columbia Sportswear stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total transaction of $473,264.40. Following the completion of the transaction, the director now 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 accessible through this link. In other Columbia Sportswear news, Director Stephen E. Babson sold 2,411 shares of Columbia Sportswear stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $80.98, for a total transaction of $195,242.78. Following the completion of the transaction, the director now owns 122,879 shares in the company, valued at approximately $9,950,741.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald E. Nelson sold 5,768 shares of Columbia Sportswear stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total value of $473,264.40. Following the transaction, the director now owns 16,857 shares of the company’s stock, valued at approximately $1,383,116.85. The disclosure for this sale can be found here. Company insiders own 43.00% of the company’s stock.

Columbia Sportswear Stock Performance

Shares of COLM opened at $75.54 on Friday. The stock has a 50-day moving average of $79.08 and a two-hundred day moving average of $77.67. Columbia Sportswear has a one year low of $66.01 and a one year high of $90.04. The stock has a market cap of $4.57 billion, a P/E ratio of 18.29, a P/E/G ratio of 3.06 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, February 1st. The textile maker reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.14). Columbia Sportswear had a return on equity of 14.11% and a net margin of 7.21%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.08 billion. Analysts predict that Columbia Sportswear will post 3.7 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.59%. Columbia Sportswear’s dividend payout ratio is currently 29.06%.

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.