Inceptionr LLC Sells 1,390 Shares of Columbia Sportswear (NASDAQ:COLM)

Inceptionr LLC reduced its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 24.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,357 shares of the textile maker’s stock after selling 1,390 shares during the quarter. Inceptionr LLC’s holdings in Columbia Sportswear were worth $366,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of COLM. Wealth Enhancement Advisory Services LLC grew its stake in shares of Columbia Sportswear by 75.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,623 shares of the textile maker’s stock valued at $468,000 after purchasing an additional 2,425 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Columbia Sportswear by 1.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 32,287 shares of the textile maker’s stock valued at $2,686,000 after purchasing an additional 506 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Columbia Sportswear by 113.7% during the third quarter. Crossmark Global Holdings Inc. now owns 36,481 shares of the textile maker’s stock valued at $3,034,000 after purchasing an additional 19,413 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Columbia Sportswear by 2.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 23,795 shares of the textile maker’s stock valued at $1,980,000 after purchasing an additional 538 shares during the last quarter. Finally, Versor Investments LP bought a new stake in shares of Columbia Sportswear during the third quarter valued at approximately $358,000. 47.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Ronald E. Nelson sold 6,395 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total transaction of $522,727.30. Following the sale, the director now directly owns 17,048 shares in the company, valued at $1,393,503.52. This trade represents a 27.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Richelle T. Luther sold 4,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the sale, the executive vice president now owns 14,283 shares in the company, valued at approximately $1,319,177.88. The trade was a 21.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 44.70% of the company’s stock.

Columbia Sportswear Stock Performance

Shares of COLM stock opened at $84.26 on Friday. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $92.88. The stock has a market cap of $4.66 billion, a PE ratio of 21.77, a PEG ratio of 2.54 and a beta of 0.90. The firm’s 50 day moving average price is $85.19 and its two-hundred day moving average price is $83.92.

Columbia Sportswear (NASDAQ:COLM) last posted its 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, sell-side analysts predict that Columbia Sportswear will post 4.1 earnings per share for the current fiscal 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 is Monday, March 10th. This represents a $1.20 annualized dividend and a yield of 1.42%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 31.01%.

Analyst Ratings Changes

COLM has been the topic of a number of recent research reports. TD Cowen raised their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research note 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 raised their price objective on shares of 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.