Dimensional Fund Advisors LP Sells 3,748 Shares of Columbia Sportswear (NASDAQ:COLM)

Dimensional Fund Advisors LP cut its stake in Columbia Sportswear (NASDAQ:COLM) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,174,508 shares of the textile maker’s stock after selling 3,748 shares during the period. Dimensional Fund Advisors LP owned about 2.05% of Columbia Sportswear worth $98,575,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its stake in Columbia Sportswear by 1.9% in the fourth quarter. First Trust Advisors LP now owns 232,742 shares of the textile maker’s stock worth $19,534,000 after purchasing an additional 4,323 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Columbia Sportswear by 5.2% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 28,475 shares of the textile maker’s stock worth $2,390,000 after buying an additional 1,417 shares in the last quarter. Farringdon Capital Ltd. purchased a new position in shares of Columbia Sportswear during the fourth quarter valued at $677,000. Marshall Wace LLP bought a new stake in shares of Columbia Sportswear in the fourth quarter valued at about $598,000. Finally, Ontario Teachers Pension Plan Board lifted its stake in Columbia Sportswear by 41.9% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 29,371 shares of the textile maker’s stock worth $2,465,000 after acquiring an additional 8,679 shares during the period. Institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Stock Performance

Shares of COLM stock opened at $64.66 on Monday. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 2.54 and a beta of 0.91. The stock’s 50-day simple moving average is $75.78 and its 200-day simple moving average is $81.31. Columbia Sportswear has a fifty-two week low of $59.07 and a fifty-two week high of $92.88.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current year.

Insider Transactions at Columbia Sportswear

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

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Stifel Nicolaus reduced their price objective on shares of Columbia Sportswear from $100.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. UBS Group raised their price objective on Columbia Sportswear from $42.00 to $51.00 and gave the company a “sell” rating in a research report on Monday, April 14th. Finally, Citigroup reiterated a “neutral” rating and issued a $68.00 target price (down from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $74.80.

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.