Stone Ridge Asset Management LLC bought a new position in Columbia Sportswear (NASDAQ:COLM) in the 4th quarter, HoldingsChannel.com reports. The firm bought 26,854 shares of the textile maker’s stock, valued at approximately $1,930,000.
A number of other hedge funds have also recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. lifted its position in Columbia Sportswear by 0.8% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,888,128 shares of the textile maker’s stock worth $116,271,000 after purchasing an additional 15,673 shares during the period. BlackRock Inc. lifted its position in Columbia Sportswear by 2.6% in the fourth quarter. BlackRock Inc. now owns 1,841,927 shares of the textile maker’s stock worth $132,398,000 after purchasing an additional 46,815 shares during the period. JPMorgan Chase & Co. lifted its position in Columbia Sportswear by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 1,789,254 shares of the textile maker’s stock worth $108,662,000 after purchasing an additional 148,269 shares during the period. Victory Capital Management Inc. lifted its position in Columbia Sportswear by 9.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,178,660 shares of the textile maker’s stock worth $84,722,000 after purchasing an additional 106,140 shares during the period. Finally, Deprince Race & Zollo Inc. lifted its position in Columbia Sportswear by 8.8% in the third quarter. Deprince Race & Zollo Inc. now owns 481,183 shares of the textile maker’s stock worth $29,631,000 after purchasing an additional 38,786 shares during the period. 38.94% of the stock is owned by hedge funds and other institutional investors.
In other news, COO Thomas B. Cusick sold 23,120 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $78.49, for a total value of $1,814,688.80. Following the completion of the sale, the chief operating officer now directly owns 42,788 shares in the company, valued at $3,358,430.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Franco Fogliato sold 9,252 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $72.97, for a total value of $675,118.44. Following the completion of the sale, the executive vice president now owns 16,806 shares of the company’s stock, valued at $1,226,333.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,495 shares of company stock valued at $6,716,761. 58.86% of the stock is currently owned by corporate insiders.
Shares of Columbia Sportswear (NASDAQ COLM) opened at $77.49 on Wednesday. Columbia Sportswear has a 12 month low of $51.56 and a 12 month high of $79.38. The firm has a market capitalization of $5,432.61, a price-to-earnings ratio of 26.75, a PEG ratio of 2.49 and a beta of 0.91.
Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, February 8th. The textile maker reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.16. Columbia Sportswear had a return on equity of 12.65% and a net margin of 4.26%. The company had revenue of $776.00 million during the quarter, compared to analyst estimates of $762.18 million. During the same period last year, the company posted $1.20 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. equities research analysts forecast that Columbia Sportswear will post 3.25 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Friday, March 9th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from Columbia Sportswear’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.14%. Columbia Sportswear’s dividend payout ratio (DPR) is 59.06%.
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Columbia Sportswear Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
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