Columbia Sportswear (NASDAQ:COLM) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 5.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,421 shares of the textile maker’s stock after selling 128 shares during the period. Securian Asset Management Inc.’s holdings in Columbia Sportswear were worth $203,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in shares of Columbia Sportswear by 69.6% during the 3rd quarter. Empowered Funds LLC now owns 8,330 shares of the textile maker’s stock worth $693,000 after acquiring an additional 3,419 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of Columbia Sportswear by 12.4% during the 3rd quarter. Natixis Advisors LLC now owns 96,800 shares of the textile maker’s stock worth $8,053,000 after acquiring an additional 10,675 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Columbia Sportswear by 19.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock worth $147,544,000 after acquiring an additional 292,716 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Columbia Sportswear by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 550,622 shares of the textile maker’s stock worth $45,806,000 after acquiring an additional 1,758 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Columbia Sportswear by 0.7% during the 3rd quarter. FMR LLC now owns 180,094 shares of the textile maker’s stock worth $14,982,000 after acquiring an additional 1,243 shares in the last quarter. 47.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. TD Cowen increased their target price on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Stifel Nicolaus increased their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th.

Columbia Sportswear Trading Down 1.3 %

Shares of Columbia Sportswear stock opened at $78.51 on Wednesday. The firm has a market capitalization of $4.34 billion, a PE ratio of 20.29, a P/E/G ratio of 2.54 and a beta of 0.90. Columbia Sportswear has a twelve month low of $73.04 and a twelve month high of $92.88. The firm’s 50-day moving average price is $84.72 and its 200 day moving average price is $83.86.

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 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, sell-side analysts predict that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Monday, March 10th. Columbia Sportswear’s dividend payout ratio (DPR) is 31.01%.

Insiders Place Their Bets

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

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.