Loomis Sayles & Co. L P Trims Position in Columbia Sportswear (NASDAQ:COLM)

Loomis Sayles & Co. L P reduced its position in Columbia Sportswear (NASDAQ:COLM) by 2.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 511,281 shares of the textile maker’s stock after selling 15,245 shares during the period. Loomis Sayles & Co. L P owned about 0.89% of Columbia Sportswear worth $42,911,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its position in shares of Columbia Sportswear by 184.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 194 shares during the period. GAMMA Investing LLC grew its holdings in Columbia Sportswear by 43.2% in the 4th quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock valued at $50,000 after buying an additional 181 shares during the period. Signaturefd LLC increased its stake in shares of Columbia Sportswear by 18.4% during the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker’s stock valued at $77,000 after acquiring an additional 142 shares during the last quarter. Blue Trust Inc. lifted its holdings 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 worth $78,000 after acquiring an additional 237 shares during the period. Finally, KBC Group NV boosted its position in shares of Columbia Sportswear by 26.8% in the fourth quarter. KBC Group NV now owns 1,975 shares of the textile maker’s stock worth $166,000 after acquiring an additional 418 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Columbia Sportswear Stock Performance

NASDAQ COLM opened at $76.76 on Friday. Columbia Sportswear has a one year low of $73.04 and a one year high of $92.88. The company’s 50 day moving average price is $83.88 and its 200 day moving average price is $83.61. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 2.54 and a beta of 0.90.

Columbia Sportswear (NASDAQ:COLM) last issued its 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%. Sell-side analysts forecast that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.30 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.56%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 31.01%.

Wall Street Analyst Weigh In

COLM has been the subject of several research analyst reports. Stifel Nicolaus upped their price target on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th.

Insider Activity

In other Columbia Sportswear news, EVP Richelle T. Luther sold 4,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total value of $369,440.00. Following the completion of the sale, the executive vice president now owns 14,283 shares of the company’s stock, valued at $1,319,177.88. This trade represents a 21.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 transaction of $522,727.30. Following the sale, the director now owns 17,048 shares in the company, valued at $1,393,503.52. This represents a 27.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 44.70% of the company’s stock.

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.