Wedge Capital Management L L P NC Boosts Stock Position in Columbia Sportswear (NASDAQ:COLM)

Wedge Capital Management L L P NC grew its holdings in Columbia Sportswear (NASDAQ:COLM) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,193 shares of the textile maker’s stock after buying an additional 1,719 shares during the quarter. Wedge Capital Management L L P NC owned 0.08% of Columbia Sportswear worth $3,674,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Morgan Stanley increased its position in shares of Columbia Sportswear by 9.2% in the third quarter. Morgan Stanley now owns 4,352,622 shares of the textile maker’s stock valued at $322,530,000 after buying an additional 366,854 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Columbia Sportswear by 13.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,469,768 shares of the textile maker’s stock valued at $108,910,000 after buying an additional 173,291 shares in the last quarter. Boston Trust Walden Corp increased its position in shares of Columbia Sportswear by 30.9% during the fourth quarter. Boston Trust Walden Corp now owns 1,294,410 shares of the textile maker’s stock worth $102,957,000 after purchasing an additional 305,592 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Columbia Sportswear by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 497,734 shares of the textile maker’s stock worth $36,882,000 after purchasing an additional 13,400 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Columbia Sportswear by 89.5% during the third quarter. Invesco Ltd. now owns 475,945 shares of the textile maker’s stock worth $35,268,000 after purchasing an additional 224,755 shares in the last quarter. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Stephen E. Babson sold 2,411 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $80.98, for a total value of $195,242.78. Following the transaction, the director now owns 122,879 shares of the company’s stock, valued at approximately $9,950,741.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Ronald E. Nelson sold 5,768 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total value of $473,264.40. Following the transaction, the director now owns 16,857 shares of the company’s stock, valued at approximately $1,383,116.85. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen E. Babson sold 2,411 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $80.98, for a total value of $195,242.78. Following the completion of the transaction, the director now directly owns 122,879 shares in the company, valued at approximately $9,950,741.42. The disclosure for this sale can be found here. Corporate insiders own 43.00% of the company’s stock.

Columbia Sportswear Stock Up 1.0 %

Shares of NASDAQ:COLM opened at $79.78 on Thursday. The business has a fifty day moving average of $78.91 and a two-hundred day moving average of $77.90. The stock has a market cap of $4.74 billion, a P/E ratio of 19.32, a PEG ratio of 3.24 and a beta of 0.94. Columbia Sportswear has a 52-week low of $66.01 and a 52-week high of $89.11.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, February 1st. The textile maker reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.14). The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Columbia Sportswear had a net margin of 7.21% and a return on equity of 14.11%. On average, equities analysts anticipate that Columbia Sportswear will post 3.68 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Thursday, March 7th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 29.06%.

Analysts Set New Price Targets

Several analysts recently commented on the company. StockNews.com cut Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. UBS Group dropped their price target on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $78.00.

Columbia Sportswear Company 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.