Wedge Capital Management L L P NC Grows Position in Columbia Sportswear (NASDAQ:COLM)

Wedge Capital Management L L P NC raised its position in shares of Columbia Sportswear (NASDAQ:COLM) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,193 shares of the textile maker’s stock after acquiring an additional 1,719 shares during the period. Wedge Capital Management L L P NC’s holdings in Columbia Sportswear were worth $3,674,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley grew its position in Columbia Sportswear by 9.2% during the third quarter. Morgan Stanley now owns 4,352,622 shares of the textile maker’s stock valued at $322,530,000 after acquiring an additional 366,854 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in Columbia Sportswear by 13.4% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,469,768 shares of the textile maker’s stock valued at $108,910,000 after acquiring an additional 173,291 shares during the period. Boston Trust Walden Corp grew its position in Columbia Sportswear by 30.9% during the fourth quarter. Boston Trust Walden Corp now owns 1,294,410 shares of the textile maker’s stock valued at $102,957,000 after acquiring an additional 305,592 shares during the period. Charles Schwab Investment Management Inc. grew its position in Columbia Sportswear by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 497,734 shares of the textile maker’s stock valued at $36,882,000 after acquiring an additional 13,400 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Columbia Sportswear by 89.5% during the third quarter. Invesco Ltd. now owns 475,945 shares of the textile maker’s stock worth $35,268,000 after purchasing an additional 224,755 shares in the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Price Performance

Shares of NASDAQ COLM opened at $79.78 on Thursday. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 3.24 and a beta of 0.94. Columbia Sportswear has a 1-year low of $66.01 and a 1-year high of $89.11. The business has a 50-day moving average of $78.91 and a 200-day moving average of $77.90.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results 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 business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Columbia Sportswear had a net margin of 7.21% and a return on equity of 14.11%. Research analysts expect that Columbia Sportswear will post 3.68 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Thursday, March 7th. Columbia Sportswear’s dividend payout ratio is presently 29.06%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. UBS Group decreased their target price 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. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $78.00.

Insider Transactions at Columbia Sportswear

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