Kapitalo Investimentos Ltda Takes Position in Columbia Sportswear (NASDAQ:COLM)

Kapitalo Investimentos Ltda bought a new position in Columbia Sportswear (NASDAQ:COLM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,655 shares of the textile maker’s stock, valued at approximately $139,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Boston Trust Walden Corp increased its position in Columbia Sportswear by 0.3% in the 4th quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker’s stock worth $107,778,000 after buying an additional 3,214 shares during the period. Thrivent Financial for Lutherans increased its position in Columbia Sportswear by 10.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker’s stock worth $101,355,000 after acquiring an additional 109,488 shares during the period. American Century Companies Inc. raised its stake in Columbia Sportswear by 18.0% during the 4th quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker’s stock valued at $74,255,000 after purchasing an additional 134,813 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Columbia Sportswear by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker’s stock worth $47,372,000 after buying an additional 13,800 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Columbia Sportswear by 25.3% during the fourth quarter. Invesco Ltd. now owns 530,600 shares of the textile maker’s stock valued at $44,533,000 after purchasing an additional 107,157 shares during the period. Institutional investors own 47.76% of the company’s stock.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total value of $522,727.30. Following the sale, the director now directly owns 17,048 shares in the company, valued at approximately $1,393,503.52. This trade represents a 27.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Richelle T. Luther sold 4,000 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 14,283 shares of the company’s stock, valued at $1,319,177.88. This trade represents 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.

Wall Street Analysts Forecast Growth

COLM has been the topic of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of Columbia Sportswear from $100.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Barclays began coverage on Columbia Sportswear in a research note on Monday. They issued an “equal weight” rating and a $64.00 price objective on the stock. UBS Group boosted their price target on Columbia Sportswear from $42.00 to $51.00 and gave the company a “sell” rating in a research note on Monday, April 14th. Citigroup reiterated a “neutral” rating and set a $68.00 price objective (down from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. Finally, StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Columbia Sportswear presently has a consensus rating of “Hold” and a consensus price target of $73.00.

Columbia Sportswear Stock Performance

Shares of NASDAQ:COLM opened at $62.17 on Thursday. Columbia Sportswear has a twelve month low of $59.07 and a twelve month high of $92.88. The business has a fifty day moving average of $74.13 and a 200-day moving average of $80.94. The firm has a market cap of $3.43 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 2.54 and a beta of 0.91.

Columbia Sportswear (NASDAQ:COLM) 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 return on equity of 12.23% and a net margin of 6.63%. On average, analysts anticipate that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

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.