Columbia Sportswear (NASDAQ:COLM) Shares Acquired by Quent Capital LLC

Quent Capital LLC increased its position in Columbia Sportswear (NASDAQ:COLM) by 79.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 616 shares of the textile maker’s stock after acquiring an additional 273 shares during the period. Quent Capital LLC’s holdings in Columbia Sportswear were worth $49,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. US Bancorp DE grew its holdings in shares of Columbia Sportswear by 19.8% in the 1st quarter. US Bancorp DE now owns 823 shares of the textile maker’s stock worth $75,000 after acquiring an additional 136 shares during the period. Fifth Third Bancorp grew its holdings in shares of Columbia Sportswear by 44.3% in the 3rd quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock worth $37,000 after acquiring an additional 154 shares during the period. Voya Investment Management LLC grew its holdings in shares of Columbia Sportswear by 3.3% in the 4th quarter. Voya Investment Management LLC now owns 5,125 shares of the textile maker’s stock worth $449,000 after acquiring an additional 165 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Columbia Sportswear by 0.3% in the 2nd quarter. Alliancebernstein L.P. now owns 51,469 shares of the textile maker’s stock worth $3,975,000 after acquiring an additional 177 shares during the period. Finally, Mariner LLC grew its holdings in Columbia Sportswear by 5.3% during the 4th quarter. Mariner LLC now owns 3,648 shares of the textile maker’s stock valued at $320,000 after buying an additional 183 shares during the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Stock Up 2.0 %

COLM stock opened at $81.18 on Monday. Columbia Sportswear has a 52-week low of $66.01 and a 52-week high of $91.63. The stock’s fifty day simple moving average is $80.04 and its 200-day simple moving average is $77.28. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 3.32 and a beta of 0.94.

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

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Thursday, March 7th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 29.06%.

Wall Street Analyst Weigh In

COLM has been the topic of a number of analyst reports. StockNews.com cut Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. UBS Group lowered their target price on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a report on Friday, February 2nd. Finally, TheStreet upgraded Columbia Sportswear from a “c+” rating to a “b-” rating in a report on Monday, December 11th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Columbia Sportswear has an average rating of “Hold” and a consensus price target of $78.00.

Insider Buying and Selling

In related news, Director Stephen E. Babson sold 2,411 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $80.98, for a total value of $195,242.78. Following the transaction, the director now directly owns 122,879 shares of the company’s stock, valued at approximately $9,950,741.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Stephen E. Babson sold 2,411 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $80.98, for a total value of $195,242.78. Following the transaction, the director now directly owns 122,879 shares of the company’s stock, valued at approximately $9,950,741.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald E. Nelson sold 5,768 shares of the 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 transaction, the director now directly owns 16,857 shares in the company, valued at $1,383,116.85. The disclosure for this sale can be found here. Corporate insiders own 43.00% of the company’s stock.

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.