WINTON GROUP Ltd Buys New Position in Columbia Sportswear (NASDAQ:COLM)

WINTON GROUP Ltd purchased a new position in shares of Columbia Sportswear (NASDAQ:COLM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 77,088 shares of the textile maker’s stock, valued at approximately $6,470,000. WINTON GROUP Ltd owned about 0.13% of Columbia Sportswear as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COLM. Signaturefd LLC grew its position in shares of Columbia Sportswear by 18.4% during the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker’s stock worth $77,000 after buying an additional 142 shares during the period. Cairn Investment Group Inc. grew its holdings in Columbia Sportswear by 0.3% in the fourth quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker’s stock worth $3,750,000 after purchasing an additional 145 shares during the period. Amalgamated Bank grew its stake in shares of Columbia Sportswear by 1.0% in the 4th quarter. Amalgamated Bank now owns 15,337 shares of the textile maker’s stock valued at $1,287,000 after buying an additional 146 shares during the period. GAMMA Investing LLC increased its position in Columbia Sportswear by 43.2% in the 4th quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock valued at $50,000 after buying an additional 181 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Columbia Sportswear by 184.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker’s stock worth $25,000 after buying an additional 194 shares during the period. Institutional investors and hedge funds own 47.76% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction dated 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 in the company, valued at approximately $1,319,177.88. This represents a 21.88 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on COLM shares. Stifel Nicolaus raised their price objective on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th.

Columbia Sportswear Stock Performance

COLM stock opened at $76.36 on Thursday. The business has a 50-day simple moving average of $84.14 and a two-hundred day simple moving average of $83.71. The company has a market capitalization of $4.23 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $92.88.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) 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%. As a group, sell-side analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.57%. The ex-dividend date was Monday, March 10th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 31.01%.

About Columbia Sportswear

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.