CANADA LIFE ASSURANCE Co Buys 1,417 Shares of Columbia Sportswear (NASDAQ:COLM)

CANADA LIFE ASSURANCE Co lifted its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 28,475 shares of the textile maker’s stock after purchasing an additional 1,417 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Columbia Sportswear were worth $2,390,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in Columbia Sportswear by 184.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker’s stock valued at $25,000 after buying an additional 194 shares in the last quarter. GAMMA Investing LLC grew its stake in Columbia Sportswear by 43.2% during the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock valued at $50,000 after acquiring an additional 181 shares in the last quarter. Signaturefd LLC increased its holdings in Columbia Sportswear by 18.4% during the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker’s stock worth $77,000 after acquiring an additional 142 shares during the period. Blue Trust Inc. lifted its stake in Columbia Sportswear by 33.6% in the 4th quarter. Blue Trust Inc. now owns 942 shares of the textile maker’s stock worth $78,000 after purchasing an additional 237 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Columbia Sportswear by 26.8% in the 4th quarter. KBC Group NV now owns 1,975 shares of the textile maker’s stock valued at $166,000 after purchasing an additional 418 shares during the period. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Insider Buying and Selling

In other Columbia Sportswear news, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction that occurred on Wednesday, February 26th. The stock was 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. The trade was a 21.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald E. Nelson sold 6,395 shares of the 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 sale, the director now directly owns 17,048 shares of the company’s stock, valued at approximately $1,393,503.52. This trade represents a 27.28 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is owned by corporate insiders.

Columbia Sportswear Trading Down 2.0 %

COLM opened at $64.66 on Friday. The stock has a market capitalization of $3.57 billion, a P/E ratio of 16.71, a PEG ratio of 2.54 and a beta of 0.91. Columbia Sportswear has a 12-month low of $59.07 and a 12-month high of $92.88. The stock has a 50-day moving average price of $75.78 and a 200-day moving average price of $81.29.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Tuesday, February 4th. The textile maker reported $1.80 EPS 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, equities research analysts predict that Columbia Sportswear will post 4.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on COLM shares. Stifel Nicolaus decreased their price target on shares of Columbia Sportswear from $100.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Citigroup reiterated a “neutral” rating and set a $68.00 price target (down previously from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. Finally, UBS Group upped their price objective on shares of Columbia Sportswear from $42.00 to $51.00 and gave the stock a “sell” rating in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.80.

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.