Columbia Sportswear (NASDAQ:COLM) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lessened its stake in Columbia Sportswear (NASDAQ:COLM) by 23.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,077 shares of the textile maker’s stock after selling 3,086 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Columbia Sportswear were worth $846,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Boston Trust Walden Corp boosted its holdings in shares of Columbia Sportswear by 0.3% in the fourth quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker’s stock valued at $107,778,000 after acquiring an additional 3,214 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Columbia Sportswear by 10.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker’s stock valued at $101,355,000 after purchasing an additional 109,488 shares during the last quarter. American Century Companies Inc. lifted its stake in Columbia Sportswear by 18.0% during 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 during the last quarter. Geode Capital Management LLC lifted its stake in Columbia Sportswear by 0.8% during the third quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker’s stock valued at $50,328,000 after purchasing an additional 4,727 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Columbia Sportswear by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker’s stock valued at $47,372,000 after purchasing an additional 13,800 shares during the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Insider Activity at Columbia Sportswear

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 in the company, valued at $1,319,177.88. This represents a 21.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald E. Nelson sold 6,395 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 17,048 shares of the company’s stock, valued at approximately $1,393,503.52. The trade was a 27.28 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is owned by insiders.

Columbia Sportswear Stock Performance

Shares of NASDAQ:COLM opened at $65.65 on Friday. The company has a market cap of $3.63 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 2.54 and a beta of 0.91. Columbia Sportswear has a 52 week low of $59.07 and a 52 week high of $92.88. The firm has a 50 day simple moving average of $79.45 and a 200 day simple moving average of $82.55.

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 the consensus estimate 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 analysts predict that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a $0.30 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.83%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 31.01%.

Wall Street Analyst Weigh In

Several analysts recently commented on COLM shares. Citigroup reissued a “neutral” rating and set a $68.00 target price (down from $80.00) on shares of Columbia Sportswear in a research note on Monday. Stifel Nicolaus cut their target price on shares of Columbia Sportswear from $100.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday. Finally, StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $80.75.

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.