Entropy Technologies LP Invests $604,000 in Columbia Sportswear (NASDAQ:COLM)

Entropy Technologies LP acquired a new position in shares of Columbia Sportswear (NASDAQ:COLM) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,444 shares of the textile maker’s stock, valued at approximately $604,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Venturi Wealth Management LLC raised its position in Columbia Sportswear by 76.2% in the 4th quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock valued at $36,000 after buying an additional 195 shares during the last quarter. TFO Wealth Partners LLC raised its holdings in shares of Columbia Sportswear by 11,725.0% in the fourth quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 469 shares during the last quarter. Headlands Technologies LLC lifted its position in shares of Columbia Sportswear by 174.8% during 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 in the last quarter. Quent Capital LLC lifted its position in shares of Columbia Sportswear by 79.6% during the fourth quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 273 shares in the last quarter. Finally, Planned Solutions Inc. purchased a new position in Columbia Sportswear during the fourth quarter worth about $53,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Columbia Sportswear

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

Columbia Sportswear Trading Down 0.3 %

Shares of COLM stock traded down $0.22 during trading hours on Thursday, hitting $80.22. 33,987 shares of the company were exchanged, compared to its average volume of 483,300. Columbia Sportswear has a 52-week low of $66.01 and a 52-week high of $87.23. The firm has a fifty day simple moving average of $81.78 and a 200 day simple moving average of $79.98. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 19.62, a P/E/G ratio of 3.28 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly 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 firm 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 EPS. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. Sell-side analysts anticipate that Columbia Sportswear will post 3.86 EPS for the current year.

Columbia Sportswear Dividend Announcement

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

Analyst Ratings Changes

Several research firms have commented on COLM. Stifel Nicolaus raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and lifted their target price for the stock from $84.00 to $92.00 in a research report on Monday, July 8th. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Monday, June 3rd. One equities research 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, Columbia Sportswear has a consensus 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.