New York State Common Retirement Fund Sells 73,000 Shares of Columbia Sportswear (NASDAQ:COLM)

New York State Common Retirement Fund lessened its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 28.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 186,406 shares of the textile maker’s stock after selling 73,000 shares during the period. New York State Common Retirement Fund’s holdings in Columbia Sportswear were worth $15,645,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COLM. GAMMA Investing LLC grew its holdings in shares of Columbia Sportswear by 43.2% during the 4th quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock worth $50,000 after purchasing an additional 181 shares in the last quarter. Blue Trust Inc. lifted its position in Columbia Sportswear by 68.7% during the third quarter. Blue Trust Inc. now owns 705 shares of the textile maker’s stock worth $56,000 after purchasing an additional 287 shares during the period. KBC Group NV grew its stake in 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. Sanctuary Advisors LLC bought a new position in Columbia Sportswear in the 4th quarter valued at about $216,000. Finally, Impact Partnership Wealth LLC acquired a new position in shares of Columbia Sportswear in the 4th quarter valued at approximately $240,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Columbia Sportswear

In related news, Director Ronald E. Nelson sold 6,395 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total value of $522,727.30. Following the completion of the transaction, the director now owns 17,048 shares in the company, valued at $1,393,503.52. This trade represents a 27.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 44.70% of the company’s stock.

Columbia Sportswear Trading Up 0.5 %

COLM opened at $90.72 on Monday. The company has a market cap of $5.19 billion, a P/E ratio of 23.44, a PEG ratio of 2.54 and a beta of 0.93. The company’s 50 day moving average is $85.33 and its 200-day moving average is $83.49. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $92.09.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. On average, equities analysts forecast that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 1.32%. Columbia Sportswear’s payout ratio is presently 31.01%.

Analysts Set New Price Targets

COLM has been the topic of several analyst reports. StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. TD Cowen upped their target price on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus lifted their price target on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th.

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.