Quantbot Technologies LP Boosts Stock Holdings in Columbia Sportswear (NASDAQ:COLM)

Quantbot Technologies LP boosted its position in shares of Columbia Sportswear (NASDAQ:COLM) by 183.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 43,667 shares of the textile maker’s stock after acquiring an additional 28,278 shares during the quarter. Quantbot Technologies LP’s holdings in Columbia Sportswear were worth $3,665,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Boston Trust Walden Corp increased its stake in shares of Columbia Sportswear by 0.3% in the 4th quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker’s stock worth $107,778,000 after acquiring an additional 3,214 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Columbia Sportswear by 10.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker’s stock valued at $101,355,000 after purchasing an additional 109,488 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Columbia Sportswear by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker’s stock valued at $50,328,000 after buying an additional 4,727 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Columbia Sportswear by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker’s stock valued at $47,372,000 after acquiring an additional 13,800 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Columbia Sportswear by 11.6% in the fourth quarter. Bank of New York Mellon Corp now owns 418,531 shares of the textile maker’s stock worth $35,127,000 after buying an additional 43,654 shares during the last quarter. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on COLM shares. TD Cowen raised their price target on Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus increased their price target on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, December 11th.

Columbia Sportswear Stock Up 0.3 %

NASDAQ:COLM opened at $76.57 on Friday. The firm has a 50 day moving average of $84.39 and a 200 day moving average of $83.73. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.54 and a beta of 0.90. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $92.88.

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

Columbia Sportswear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.57%. The ex-dividend date was Monday, March 10th. Columbia Sportswear’s payout ratio is 31.01%.

Insider Buying and Selling

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $81.74, for a total transaction of $522,727.30. Following the transaction, the director now directly owns 17,048 shares of the company’s stock, valued at $1,393,503.52. The trade was a 27.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richelle T. Luther sold 4,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the transaction, the executive vice president now directly owns 14,283 shares of the company’s stock, valued at approximately $1,319,177.88. This trade represents a 21.88 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by insiders.

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.