Proficio Capital Partners LLC Buys New Stake in Columbia Sportswear (NASDAQ:COLM)

Proficio Capital Partners LLC bought a new stake in Columbia Sportswear (NASDAQ:COLM) during the fourth quarter, HoldingsChannel.com reports. The fund bought 17,541 shares of the textile maker’s stock, valued at approximately $1,472,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in Columbia Sportswear by 19.8% in the third quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock valued at $147,544,000 after buying an additional 292,716 shares in the last quarter. Boston Trust Walden Corp boosted its position in 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 buying an additional 3,214 shares in the last quarter. Geode Capital Management LLC boosted its position in Columbia Sportswear by 0.8% in the third quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker’s stock valued at $50,328,000 after buying an additional 4,727 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Columbia Sportswear by 2.5% in 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 buying an additional 13,800 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in 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 valued at $35,127,000 after buying an additional 43,654 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Columbia Sportswear

In related news, Director Ronald E. Nelson sold 6,395 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total value of $522,727.30. Following the transaction, the director now directly owns 17,048 shares in the company, valued at $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 SEC, which is available at the SEC website. Also, 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 transaction of $369,440.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on COLM. TD Cowen boosted their price target on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research report on Tuesday, November 26th. Stifel Nicolaus boosted their price target on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th.

Columbia Sportswear Trading Down 2.2 %

Shares of COLM stock opened at $76.36 on Friday. Columbia Sportswear has a 1 year low of $73.04 and a 1 year high of $92.88. The firm’s 50 day moving average is $84.51 and its 200-day moving average is $83.76. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 2.54 and a beta of 0.90.

Columbia Sportswear (NASDAQ:COLM) last announced its 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 return on equity of 12.23% and a net margin of 6.63%. On average, equities research analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.30 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.20 annualized dividend and a yield of 1.57%. Columbia Sportswear’s dividend payout ratio is currently 31.01%.

Columbia Sportswear Company 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.