BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 45,892 Shares of Columbia Sportswear (NASDAQ:COLM)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its stake in Columbia Sportswear (NASDAQ:COLM) by 19.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,851 shares of the textile maker’s stock after selling 45,892 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.32% of Columbia Sportswear worth $15,331,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of COLM. Entropy Technologies LP purchased a new stake in Columbia Sportswear during the first quarter valued at about $604,000. Headlands Technologies LLC raised its position in shares of Columbia Sportswear by 174.8% in the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 381 shares during the period. Inspire Investing LLC lifted its stake in shares of Columbia Sportswear by 2.6% during the 1st quarter. Inspire Investing LLC now owns 14,076 shares of the textile maker’s stock valued at $1,143,000 after buying an additional 361 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Columbia Sportswear by 617.8% in the 1st quarter. SG Americas Securities LLC now owns 22,116 shares of the textile maker’s stock worth $1,795,000 after buying an additional 19,035 shares during the period. Finally, Quantbot Technologies LP grew its stake in Columbia Sportswear by 1,964.4% in the 1st quarter. Quantbot Technologies LP now owns 10,322 shares of the textile maker’s stock valued at $838,000 after buying an additional 9,822 shares in the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Price Performance

COLM stock traded down $0.48 during midday trading on Thursday, reaching $79.96. The company had a trading volume of 58,517 shares, compared to its average volume of 483,479. The firm has a 50-day moving average price of $81.78 and a 200-day moving average price of $79.98. The company has a market capitalization of $4.73 billion, a P/E ratio of 19.62, a P/E/G ratio of 3.28 and a beta of 0.94. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, April 25th. The textile maker reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.36. Columbia Sportswear had a return on equity of 13.98% and a net margin of 7.20%. The business had revenue of $769.98 million for the quarter, compared to analysts’ expectations of $740.62 million. During the same quarter in the prior year, the firm earned $0.74 earnings per share. The firm’s revenue was down 6.2% on a year-over-year basis. On average, equities analysts predict that Columbia Sportswear will post 3.86 EPS for the current year.

Columbia Sportswear Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 1.50%. Columbia Sportswear’s payout ratio is 29.27%.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Sabrina Simmons sold 523 shares of Columbia Sportswear stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total value of $42,729.10. Following the transaction, the director now directly owns 6,483 shares of the company’s stock, valued at approximately $529,661.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Columbia Sportswear news, Director Sabrina Simmons sold 523 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total transaction of $42,729.10. Following the completion of the sale, the director now owns 6,483 shares of the company’s stock, valued at approximately $529,661.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jim A. Swanson sold 7,199 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $77.50, for a total transaction of $557,922.50. Following the completion of the sale, the chief financial officer now directly owns 9,423 shares in the company, valued at approximately $730,282.50. The disclosure for this sale can be found here. Company insiders own 44.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Monday, June 3rd. Stifel Nicolaus raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and increased their price target for the stock from $84.00 to $92.00 in a report on Monday, July 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $77.75.

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.