Raymond James & Associates Has $2.62 Million Stock Position in Columbia Sportswear (NASDAQ:COLM)

Raymond James & Associates lessened its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,932 shares of the textile maker’s stock after selling 1,990 shares during the period. Raymond James & Associates owned about 0.05% of Columbia Sportswear worth $2,619,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Morgan Stanley grew its position in shares of Columbia Sportswear by 9.2% during the 3rd quarter. Morgan Stanley now owns 4,352,622 shares of the textile maker’s stock worth $322,530,000 after purchasing an additional 366,854 shares in the last quarter. BlackRock Inc. grew its position in shares of Columbia Sportswear by 1.1% during the 1st quarter. BlackRock Inc. now owns 3,144,067 shares of the textile maker’s stock worth $283,721,000 after purchasing an additional 34,100 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Columbia Sportswear by 38.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,717,178 shares of the textile maker’s stock worth $150,390,000 after purchasing an additional 476,394 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Columbia Sportswear by 13.4% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,469,768 shares of the textile maker’s stock worth $108,910,000 after purchasing an additional 173,291 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Columbia Sportswear by 35.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,060,233 shares of the textile maker’s stock worth $78,563,000 after acquiring an additional 276,132 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group decreased their price objective on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a research note on Friday, February 2nd. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $78.00.

Columbia Sportswear Price Performance

Shares of Columbia Sportswear stock opened at $74.21 on Tuesday. Columbia Sportswear has a fifty-two week low of $66.01 and a fifty-two week high of $90.04. The firm has a market capitalization of $4.49 billion, a P/E ratio of 17.97, a P/E/G ratio of 3.06 and a beta of 0.94. The company’s 50 day moving average price is $79.23 and its two-hundred day moving average price is $77.69.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, February 1st. The textile maker reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.14). Columbia Sportswear had a net margin of 7.21% and a return on equity of 14.11%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. On average, analysts expect that Columbia Sportswear will post 3.7 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $0.30 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.62%. Columbia Sportswear’s dividend payout ratio is currently 29.06%.

Insider Buying and Selling at Columbia Sportswear

In other news, Director Stephen E. Babson sold 2,411 shares of Columbia Sportswear stock in a transaction on Monday, February 12th. The shares were sold at an average price of $80.98, for a total transaction of $195,242.78. Following the transaction, the director now owns 122,879 shares in the company, valued at $9,950,741.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Stephen E. Babson sold 2,411 shares of Columbia Sportswear stock in a transaction on Monday, February 12th. The shares were sold at an average price of $80.98, for a total transaction of $195,242.78. Following the transaction, the director now owns 122,879 shares in the company, valued at $9,950,741.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ronald E. Nelson sold 5,768 shares of Columbia Sportswear stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total transaction of $473,264.40. Following the transaction, the director now owns 16,857 shares in the company, valued at approximately $1,383,116.85. The disclosure for this sale can be found here. Company insiders own 43.00% of the company’s stock.

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.