3,381 Shares in Columbia Sportswear (NASDAQ:COLM) Bought by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new position in shares of Columbia Sportswear (NASDAQ:COLM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,381 shares of the textile maker’s stock, valued at approximately $269,000.

A number of other institutional investors have also added to or reduced their stakes in COLM. Venturi Wealth Management LLC increased its holdings in Columbia Sportswear by 76.2% during the fourth quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock worth $36,000 after buying an additional 195 shares during the last quarter. Fifth Third Bancorp increased its holdings in Columbia Sportswear by 44.3% during the third quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock worth $37,000 after buying an additional 154 shares during the last quarter. Signaturefd LLC increased its holdings in Columbia Sportswear by 125.7% during the third quarter. Signaturefd LLC now owns 607 shares of the textile maker’s stock worth $45,000 after buying an additional 338 shares during the last quarter. Quent Capital LLC increased its holdings in Columbia Sportswear by 79.6% during the fourth quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock worth $49,000 after buying an additional 273 shares during the last quarter. Finally, Planned Solutions Inc. acquired a new position in Columbia Sportswear during the fourth quarter worth $53,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Columbia Sportswear Stock Performance

Shares of Columbia Sportswear stock opened at $80.00 on Friday. The firm has a 50-day moving average of $78.80 and a 200-day moving average of $77.99. The stock has a market cap of $4.76 billion, a PE ratio of 19.51, 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 $88.17.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.36. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.99%. The company had revenue of $769.98 million during the quarter, compared to analysts’ expectations of $740.62 million. During the same quarter in the previous year, the business posted $0.74 earnings per share. Columbia Sportswear’s quarterly revenue was down 6.2% on a year-over-year basis. Equities research analysts predict that Columbia Sportswear will post 3.68 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 1.50%. Columbia Sportswear’s dividend payout ratio is 29.27%.

Analyst Ratings Changes

COLM has been the topic of several research reports. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Stifel Nicolaus upped their price objective on shares of Columbia Sportswear from $75.00 to $84.00 and gave the company a “hold” rating in a report on Friday. Finally, UBS Group decreased their price objective on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, Columbia Sportswear currently has a consensus rating of “Hold” and a consensus price target of $78.60.

Insider Buying and Selling

In related news, Director Ronald E. Nelson sold 5,768 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total transaction of $473,264.40. Following the completion of the sale, the director now owns 16,857 shares of the company’s stock, valued at $1,383,116.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Columbia Sportswear news, Director Stephen E. Babson sold 2,411 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $80.98, for a total transaction of $195,242.78. Following the completion of the transaction, the director now owns 122,879 shares of the company’s stock, valued at $9,950,741.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald E. Nelson sold 5,768 shares of the business’s stock in a transaction dated 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 directly owns 16,857 shares of the company’s stock, valued at approximately $1,383,116.85. The disclosure for this sale can be found here. 43.00% of the stock is currently owned by company 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.