TFG Advisers LLC Sells 255 Shares of Columbia Sportswear (NASDAQ:COLM)

TFG Advisers LLC reduced its holdings in shares of Columbia Sportswear (NASDAQ:COLMFree Report) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,049 shares of the textile maker’s stock after selling 255 shares during the quarter. TFG Advisers LLC’s holdings in Columbia Sportswear were worth $243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Venturi Wealth Management LLC raised its holdings in shares of Columbia Sportswear by 76.2% in the 4th quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock worth $36,000 after purchasing an additional 195 shares during the period. TFO Wealth Partners LLC increased its position in Columbia Sportswear by 11,725.0% in the fourth quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock worth $38,000 after buying an additional 469 shares during the last quarter. Signaturefd LLC raised its stake in shares of Columbia Sportswear by 125.7% in the third quarter. Signaturefd LLC now owns 607 shares of the textile maker’s stock valued at $45,000 after buying an additional 338 shares during the period. Quent Capital LLC lifted its position in shares of Columbia Sportswear by 79.6% during the 4th quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock valued at $49,000 after buying an additional 273 shares during the last quarter. Finally, Planned Solutions Inc. bought a new position in shares of Columbia Sportswear during the 4th quarter worth $53,000. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Stock Up 1.6 %

Shares of NASDAQ COLM opened at $86.98 on Tuesday. Columbia Sportswear has a 52 week low of $66.01 and a 52 week high of $87.23. The company has a market cap of $5.14 billion, a P/E ratio of 21.21, a P/E/G ratio of 3.54 and a beta of 0.95. The business has a 50-day simple moving average of $80.46 and a two-hundred day simple moving average of $79.74.

Columbia Sportswear (NASDAQ:COLMGet Free Report) last posted its earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.36. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The business had revenue of $769.98 million for the quarter, compared to analyst estimates of $740.62 million. During the same quarter in the prior year, the firm posted $0.74 EPS. Columbia Sportswear’s revenue was down 6.2% on a year-over-year basis. Equities research analysts anticipate that Columbia Sportswear will post 3.86 EPS for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Wednesday, May 15th. Columbia Sportswear’s payout ratio is 29.27%.

Insiders Place Their Bets

In related news, CFO Jim A. Swanson sold 7,199 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $77.50, for a total value of $557,922.50. Following the sale, the chief financial officer now directly owns 9,423 shares of the company’s stock, valued at $730,282.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Columbia Sportswear news, Director Sabrina Simmons sold 523 shares of Columbia Sportswear stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total transaction of $42,729.10. Following the transaction, the director now directly owns 6,483 shares of the company’s stock, valued at $529,661.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jim A. Swanson sold 7,199 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $77.50, for a total transaction of $557,922.50. Following the completion of the sale, the chief financial officer now directly owns 9,423 shares of the company’s stock, valued at approximately $730,282.50. The disclosure for this sale can be found here. Corporate insiders own 44.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on COLM shares. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Monday. Stifel Nicolaus boosted their price target on shares of Columbia Sportswear from $75.00 to $84.00 and gave the company a “hold” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Columbia Sportswear has a consensus rating of “Hold” and a consensus target price of $75.75.

Get Our Latest Analysis on Columbia Sportswear

About Columbia Sportswear

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Columbia Sportswear (NASDAQ:COLM)

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