Leeward Investments LLC MA Trims Position in Columbia Sportswear (NASDAQ:COLM)

Leeward Investments LLC MA cut its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 3.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 104,213 shares of the textile maker’s stock after selling 3,572 shares during the quarter. Leeward Investments LLC MA owned 0.18% of Columbia Sportswear worth $8,747,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Impact Partnership Wealth LLC purchased a new position in Columbia Sportswear during the 4th quarter worth approximately $240,000. Assenagon Asset Management S.A. purchased a new position in Columbia Sportswear during the 4th quarter worth approximately $6,356,000. Impax Asset Management Group plc increased its holdings in shares of Columbia Sportswear by 79.2% during the 3rd quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker’s stock valued at $7,530,000 after purchasing an additional 40,000 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Columbia Sportswear during the 3rd quarter valued at approximately $7,676,000. Finally, MQS Management LLC purchased a new position in shares of Columbia Sportswear during the 3rd quarter valued at approximately $499,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Columbia Sportswear

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total transaction of $522,727.30. Following the sale, the director now owns 17,048 shares of the company’s stock, valued at $1,393,503.52. The trade was a 27.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 44.70% of the stock is owned by corporate insiders.

Columbia Sportswear Stock Performance

Columbia Sportswear stock opened at $90.72 on Friday. The company’s fifty day moving average price is $85.33 and its 200 day moving average price is $83.47. Columbia Sportswear has a 1 year low of $73.04 and a 1 year high of $92.09. The stock has a market capitalization of $5.19 billion, a P/E ratio of 23.44, a P/E/G ratio of 2.54 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM) last released 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 net margin of 6.63% and a return on equity of 12.23%. Sell-side analysts predict that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 1.32%. Columbia Sportswear’s dividend payout ratio is currently 31.01%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on COLM. 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 report on Tuesday, November 26th. 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 report on Wednesday, December 11th. Finally, StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th.

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.