Martin & Co. Inc. TN Sells 1,282 Shares of Columbia Sportswear (NASDAQ:COLM)

Martin & Co. Inc. TN trimmed its stake in shares of Columbia Sportswear (NASDAQ:COLMFree Report) by 3.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 36,359 shares of the textile maker’s stock after selling 1,282 shares during the quarter. Martin & Co. Inc. TN’s holdings in Columbia Sportswear were worth $3,052,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Columbia Sportswear by 43.2% during the 4th quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock valued at $50,000 after acquiring an additional 181 shares during the period. Blue Trust Inc. lifted its position in shares of Columbia Sportswear by 68.7% during the 3rd quarter. Blue Trust Inc. now owns 705 shares of the textile maker’s stock valued at $56,000 after acquiring an additional 287 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of Columbia Sportswear during the 3rd quarter valued at $65,000. nVerses Capital LLC bought a new stake in shares of Columbia Sportswear during the 3rd quarter valued at $75,000. Finally, KBC Group NV lifted its position in shares of Columbia Sportswear by 26.8% during the 4th quarter. KBC Group NV now owns 1,975 shares of the textile maker’s stock valued at $166,000 after acquiring an additional 418 shares during the period. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Price Performance

NASDAQ COLM opened at $84.58 on Monday. The business has a 50 day simple moving average of $85.38 and a 200 day simple moving average of $83.15. Columbia Sportswear has a one year low of $73.04 and a one year high of $91.30. The stock has a market capitalization of $4.84 billion, a P/E ratio of 21.86, a P/E/G ratio of 3.16 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLMGet Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. Equities analysts expect that Columbia Sportswear will post 4.12 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.42%. Columbia Sportswear’s dividend payout ratio is presently 31.01%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on COLM. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. 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. Finally, TD Cowen increased their target price on Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research report on Tuesday, November 26th.

View Our Latest Analysis on Columbia Sportswear

Columbia Sportswear Company Profile

(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.

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

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