Virtu Financial LLC Takes $324,000 Position in Columbia Sportswear (NASDAQ:COLM)

Virtu Financial LLC bought a new position in shares of Columbia Sportswear (NASDAQ:COLM) in the fourth quarter, HoldingsChannel reports. The firm bought 3,861 shares of the textile maker’s stock, valued at approximately $324,000.

Several other institutional investors also recently bought and sold shares of COLM. Charles Schwab Investment Management Inc. lifted its stake in Columbia Sportswear by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker’s stock worth $47,372,000 after purchasing an additional 13,800 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Columbia Sportswear in the fourth quarter worth about $1,472,000. Truist Financial Corp boosted its stake in Columbia Sportswear by 143.6% during the fourth quarter. Truist Financial Corp now owns 11,907 shares of the textile maker’s stock valued at $999,000 after buying an additional 7,019 shares during the last quarter. Impact Partnership Wealth LLC purchased a new position in Columbia Sportswear during the 4th quarter valued at approximately $240,000. Finally, Assenagon Asset Management S.A. bought a new stake in Columbia Sportswear in the 4th quarter worth approximately $6,356,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COLM has been the subject of a number of research reports. Stifel Nicolaus increased their target price on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. 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 Price Performance

Shares of COLM stock opened at $76.76 on Friday. The company has a market cap of $4.25 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90. Columbia Sportswear has a 1 year low of $73.04 and a 1 year high of $92.88. The stock’s 50 day simple moving average is $83.88 and its two-hundred day simple moving average is $83.61.

Columbia Sportswear (NASDAQ:COLM) last released 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 net margin of 6.63% and a return on equity of 12.23%. Equities research analysts expect that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Monday, March 10th. Columbia Sportswear’s dividend payout ratio is currently 31.01%.

Insider Transactions at Columbia Sportswear

In related news, EVP Richelle T. Luther sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 directly owns 14,283 shares of the company’s stock, valued at approximately $1,319,177.88. This trade represents a 21.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald E. Nelson sold 6,395 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 17,048 shares in the company, valued at $1,393,503.52. This trade represents a 27.28 % decrease in their position. The disclosure for this sale can be found here. Company 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.