Mitsubishi UFJ Trust & Banking Corp Sells 140 Shares of Columbia Sportswear (NASDAQ:COLM)

Mitsubishi UFJ Trust & Banking Corp cut its stake in Columbia Sportswear (NASDAQ:COLM) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,933 shares of the textile maker’s stock after selling 140 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Columbia Sportswear were worth $582,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. American Century Companies Inc. increased its stake in Columbia Sportswear by 18.0% in the fourth quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker’s stock valued at $74,255,000 after purchasing an additional 134,813 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Columbia Sportswear by 10.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker’s stock valued at $101,355,000 after buying an additional 109,488 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Columbia Sportswear during the fourth quarter worth about $6,356,000. Natixis Advisors LLC grew its stake in Columbia Sportswear by 48.6% in the fourth quarter. Natixis Advisors LLC now owns 143,831 shares of the textile maker’s stock valued at $12,072,000 after acquiring an additional 47,031 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Columbia Sportswear by 11.6% in the fourth quarter. Bank of New York Mellon Corp now owns 418,531 shares of the textile maker’s stock worth $35,127,000 after acquiring an additional 43,654 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Columbia Sportswear Stock Performance

Shares of Columbia Sportswear stock opened at $76.83 on Wednesday. The firm has a market cap of $4.25 billion, a PE ratio of 19.85, a P/E/G ratio of 2.54 and a beta of 0.90. The business’s 50 day simple moving average is $83.56 and its 200 day simple moving average is $83.56. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $92.88.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data 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 return on equity of 12.23% and a net margin of 6.63%. As a group, equities research analysts predict that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on COLM shares. Stifel Nicolaus boosted their price objective on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th.

Insider Activity at Columbia Sportswear

In related news, EVP Richelle T. Luther sold 4,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 14,283 shares of the company’s stock, valued at approximately $1,319,177.88. This trade represents a 21.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald E. Nelson sold 6,395 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.74, for a total transaction of $522,727.30. Following the sale, the director now directly owns 17,048 shares in the company, valued at $1,393,503.52. This trade represents a 27.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 44.70% of the stock is owned by company insiders.

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.