Columbia Sportswear (NASDAQ:COLM) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lessened its stake in Columbia Sportswear (NASDAQ:COLM) by 5.0% in the 4th quarter, Holdings Channel reports. The firm owned 2,421 shares of the textile maker’s stock after selling 128 shares during the period. Securian Asset Management Inc.’s holdings in Columbia Sportswear were worth $203,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in COLM. Empowered Funds LLC increased its holdings in Columbia Sportswear by 69.6% in the 3rd quarter. Empowered Funds LLC now owns 8,330 shares of the textile maker’s stock valued at $693,000 after purchasing an additional 3,419 shares during the last quarter. Natixis Advisors LLC boosted its position in Columbia Sportswear by 12.4% in the 3rd quarter. Natixis Advisors LLC now owns 96,800 shares of the textile maker’s stock valued at $8,053,000 after buying an additional 10,675 shares during the period. Pacer Advisors Inc. boosted its position in Columbia Sportswear by 19.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock valued at $147,544,000 after buying an additional 292,716 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Columbia Sportswear by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 550,622 shares of the textile maker’s stock valued at $45,806,000 after buying an additional 1,758 shares during the period. Finally, FMR LLC boosted its position in Columbia Sportswear by 0.7% in the 3rd quarter. FMR LLC now owns 180,094 shares of the textile maker’s stock valued at $14,982,000 after buying an additional 1,243 shares during the period. Institutional investors and hedge funds own 47.76% of the company’s stock.

Insider Activity at Columbia Sportswear

In related news, Director Ronald E. Nelson sold 6,395 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total transaction of $522,727.30. Following the transaction, the director now owns 17,048 shares of the company’s stock, valued at approximately $1,393,503.52. This represents a 27.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Richelle T. Luther sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total transaction of $369,440.00. Following the transaction, the executive vice president now directly owns 14,283 shares in the company, valued at $1,319,177.88. The trade was a 21.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 44.70% of the company’s stock.

Columbia Sportswear Trading Down 1.3 %

Shares of COLM opened at $78.51 on Wednesday. The firm’s 50-day moving average is $84.72 and its two-hundred day moving average is $83.86. Columbia Sportswear has a twelve month low of $73.04 and a twelve month high of $92.88. The firm has a market capitalization of $4.34 billion, a P/E ratio of 20.29, a PEG ratio of 2.54 and a beta of 0.90.

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 net margin of 6.63% and a return on equity of 12.23%. Analysts predict that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Monday, March 10th. Columbia Sportswear’s payout ratio is 31.01%.

Analysts Set New Price Targets

Several brokerages have commented on COLM. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Stifel Nicolaus raised their price target on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, TD Cowen raised their price target on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research report on Tuesday, November 26th.

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.