Legato Capital Management LLC Decreases Stock Holdings in Columbia Sportswear (NASDAQ:COLM)

Legato Capital Management LLC decreased its position in Columbia Sportswear (NASDAQ:COLM) by 30.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,603 shares of the textile maker’s stock after selling 4,118 shares during the quarter. Legato Capital Management LLC’s holdings in Columbia Sportswear were worth $806,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Columbia Sportswear by 51.3% during the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 142 shares in the last quarter. Cairn Investment Group Inc. boosted its stake in shares of Columbia Sportswear by 0.3% during the 4th quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker’s stock valued at $3,750,000 after purchasing an additional 145 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Columbia Sportswear by 33.6% during the 4th quarter. Blue Trust Inc. now owns 942 shares of the textile maker’s stock valued at $78,000 after purchasing an additional 237 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of Columbia Sportswear by 1.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 28,355 shares of the textile maker’s stock valued at $2,359,000 after purchasing an additional 275 shares in the last quarter. Finally, Paragon Capital Management Inc. boosted its stake in shares of Columbia Sportswear by 1.4% during the 4th quarter. Paragon Capital Management Inc. now owns 24,350 shares of the textile maker’s stock valued at $2,044,000 after purchasing an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Wall Street Analysts Forecast Growth

COLM has been the topic of a number of research reports. StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Stifel Nicolaus lifted their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, TD Cowen lifted their target price on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th.

Columbia Sportswear Price Performance

NASDAQ:COLM opened at $82.59 on Friday. Columbia Sportswear has a one year low of $73.04 and a one year high of $91.30. The company’s 50-day simple moving average is $85.56 and its 200 day simple moving average is $83.09. The firm has a market capitalization of $4.72 billion, a P/E ratio of 21.34, a PEG ratio of 3.16 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. On average, equities research analysts expect that Columbia Sportswear will post 4.12 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Monday, March 10th. Columbia Sportswear’s payout ratio is currently 31.01%.

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.