Duality Advisers LP Invests $984,000 in Columbia Sportswear (NASDAQ:COLM)

Duality Advisers LP bought a new stake in shares of Columbia Sportswear (NASDAQ:COLM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,376 shares of the textile maker’s stock, valued at approximately $984,000.

Other large investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its holdings in shares of Columbia Sportswear by 2.7% in the fourth quarter. Federated Hermes Inc. now owns 162,266 shares of the textile maker’s stock valued at $12,907,000 after buying an additional 4,311 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Columbia Sportswear by 26.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,789 shares of the textile maker’s stock worth $699,000 after purchasing an additional 1,832 shares during the period. Louisiana State Employees Retirement System purchased a new stake in shares of Columbia Sportswear during the fourth quarter valued at $772,000. GHP Investment Advisors Inc. boosted its position in shares of Columbia Sportswear by 3.0% in the 4th quarter. GHP Investment Advisors Inc. now owns 26,670 shares of the textile maker’s stock valued at $2,121,000 after purchasing an additional 781 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in Columbia Sportswear in the 4th quarter worth about $299,000. 47.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Columbia Sportswear Price Performance

Shares of COLM stock opened at $78.99 on Wednesday. Columbia Sportswear has a fifty-two week low of $66.01 and a fifty-two week high of $90.04. The stock’s 50-day moving average is $78.93 and its two-hundred day moving average is $77.85. The firm has a market cap of $4.70 billion, a P/E ratio of 19.13, a PEG ratio of 3.15 and a beta of 0.94.

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

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Thursday, March 7th. Columbia Sportswear’s dividend payout ratio is presently 29.06%.

Analysts Set New Price Targets

COLM has been the subject of several recent analyst reports. StockNews.com cut Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. UBS Group decreased their price objective on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, Columbia Sportswear presently has an average rating of “Hold” and an average price target of $78.00.

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.