Columbia Sportswear (NASDAQ:COLM) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its stake in Columbia Sportswear (NASDAQ:COLM) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,658 shares of the textile maker’s stock after acquiring an additional 400 shares during the period. Handelsbanken Fonder AB’s holdings in Columbia Sportswear were worth $895,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of COLM. Blue Trust Inc. raised its stake in shares of Columbia Sportswear by 68.7% in the third quarter. Blue Trust Inc. now owns 705 shares of the textile maker’s stock valued at $56,000 after acquiring an additional 287 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Columbia Sportswear in the third quarter valued at $7,676,000. Wealth Enhancement Advisory Services LLC increased its holdings in Columbia Sportswear by 75.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,623 shares of the textile maker’s stock valued at $468,000 after buying an additional 2,425 shares during the last quarter. New York State Common Retirement Fund increased its holdings in Columbia Sportswear by 39.6% in the third quarter. New York State Common Retirement Fund now owns 259,406 shares of the textile maker’s stock valued at $21,580,000 after buying an additional 73,602 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Columbia Sportswear by 1.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 32,287 shares of the textile maker’s stock valued at $2,686,000 after buying an additional 506 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Columbia Sportswear Stock Performance

Shares of COLM opened at $86.84 on Friday. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week high of $92.88. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 2.54 and a beta of 0.93. The firm has a 50-day simple moving average of $85.50 and a 200-day simple moving average of $83.74.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share 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%. Equities research analysts forecast that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.38%. Columbia Sportswear’s dividend payout ratio (DPR) is 31.01%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on COLM shares. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Stifel Nicolaus increased their target price on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, TD Cowen increased their target price on Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a report on Tuesday, November 26th.

Insider Transactions at Columbia Sportswear

In other news, Director Ronald E. Nelson sold 6,395 shares of the stock in a transaction dated Thursday, February 13th. The shares were 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 in the company, valued at approximately $1,393,503.52. This represents a 27.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richelle T. Luther sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total transaction 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 approximately $1,319,177.88. The trade was a 21.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 44.70% of the company’s stock.

Columbia Sportswear 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.