Leeward Investments LLC MA Sells 3,680 Shares of Columbia Sportswear (NASDAQ:COLM)

Leeward Investments LLC MA decreased its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 136,409 shares of the textile maker’s stock after selling 3,680 shares during the quarter. Leeward Investments LLC MA’s holdings in Columbia Sportswear were worth $10,850,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. SG Americas Securities LLC increased its holdings in shares of Columbia Sportswear by 10.7% during the 3rd quarter. SG Americas Securities LLC now owns 22,811 shares of the textile maker’s stock worth $1,690,000 after acquiring an additional 2,209 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Columbia Sportswear by 10.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 8,658 shares of the textile maker’s stock worth $642,000 after acquiring an additional 800 shares during the last quarter. Hunter Perkins Capital Management LLC increased its holdings in shares of Columbia Sportswear by 30.5% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 4,535 shares of the textile maker’s stock worth $336,000 after acquiring an additional 1,060 shares during the last quarter. Xponance Inc. increased its holdings in shares of Columbia Sportswear by 12.6% during the 3rd quarter. Xponance Inc. now owns 4,872 shares of the textile maker’s stock worth $361,000 after acquiring an additional 547 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Columbia Sportswear by 2.4% during the 3rd quarter. Raymond James & Associates now owns 34,922 shares of the textile maker’s stock worth $2,588,000 after acquiring an additional 824 shares during the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Price Performance

NASDAQ COLM traded up $0.99 on Friday, reaching $80.00. The stock had a trading volume of 1,713,696 shares, compared to its average volume of 517,802. The firm has a fifty day moving average of $78.82 and a two-hundred day moving average of $77.92. Columbia Sportswear has a 1-year low of $66.01 and a 1-year high of $88.17. The company has a market cap of $4.76 billion, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 3.27 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.36. The firm had revenue of $769.98 million during the quarter, compared to the consensus estimate of $740.62 million. Columbia Sportswear had a return on equity of 14.11% and a net margin of 7.21%. The company’s revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 EPS. Research analysts predict that Columbia Sportswear will post 3.68 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.50%. Columbia Sportswear’s payout ratio is 29.06%.

Insider Activity

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 transaction of $473,264.40. Following the completion of the sale, the director now directly owns 16,857 shares in the company, valued at approximately $1,383,116.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related 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 transaction of $195,242.78. Following the completion of the sale, the director now directly owns 122,879 shares in the company, valued at approximately $9,950,741.42. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 sale, the director now owns 16,857 shares of the company’s stock, valued at $1,383,116.85. The disclosure for this sale can be found here. Corporate insiders own 43.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. UBS Group decreased their target price on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a report on Friday, February 2nd. Stifel Nicolaus upped their price objective on Columbia Sportswear from $75.00 to $84.00 and gave the company a “hold” rating in a report on Friday. Finally, StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, Columbia Sportswear currently has a consensus rating of “Hold” and a consensus price target of $78.60.

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.