Rhumbline Advisers cut its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 12.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 25,993 shares of the textile maker’s stock after selling 3,541 shares during the period. Rhumbline Advisers’ holdings in Columbia Sportswear were worth $2,708,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Murphy Pohlad Asset Management LLC acquired a new stake in shares of Columbia Sportswear in the fourth quarter valued at about $42,000. Quadrant Capital Group LLC acquired a new stake in shares of Columbia Sportswear in the first quarter valued at about $61,000. Whittier Trust Co. acquired a new stake in shares of Columbia Sportswear in the first quarter valued at about $156,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Columbia Sportswear in the fourth quarter valued at about $176,000. Finally, NINE MASTS CAPITAL Ltd acquired a new stake in shares of Columbia Sportswear in the fourth quarter valued at about $185,000. Institutional investors own 37.43% of the company’s stock.

Shares of COLM opened at $93.78 on Monday. The company has a quick ratio of 2.33, a current ratio of 3.41 and a debt-to-equity ratio of 0.20. Columbia Sportswear has a 12-month low of $80.03 and a 12-month high of $109.74. The stock has a market capitalization of $6.41 billion, a P/E ratio of 23.39, a PEG ratio of 2.31 and a beta of 0.69.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, April 25th. The textile maker reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.23. Columbia Sportswear had a net margin of 10.43% and a return on equity of 17.89%. The firm had revenue of $654.61 million during the quarter, compared to analyst estimates of $646.77 million. During the same quarter in the prior year, the firm posted $0.77 earnings per share. Columbia Sportswear’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Columbia Sportswear will post 4.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Wednesday, May 15th. Columbia Sportswear’s dividend payout ratio is currently 23.94%.

In related news, EVP Joseph P. Boyle sold 566 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $106.00, for a total value of $59,996.00. Following the completion of the sale, the executive vice president now owns 2,301,492 shares of the company’s stock, valued at $243,958,152. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Murrey R. Albers sold 11,608 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $97.32, for a total transaction of $1,129,690.56. Following the completion of the sale, the director now directly owns 39,350 shares of the company’s stock, valued at approximately $3,829,542. The disclosure for this sale can be found here. Insiders sold 27,237 shares of company stock valued at $2,786,365 in the last three months. 56.57% of the stock is currently owned by insiders.

A number of equities research analysts have recently commented on COLM shares. Pivotal Research reiterated a “buy” rating and issued a $112.00 target price (up from $107.00) on shares of Columbia Sportswear in a research report on Tuesday, February 5th. BidaskClub upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. Zacks Investment Research upgraded shares of Columbia Sportswear from a “hold” rating to a “strong-buy” rating and set a $107.00 target price for the company in a research report on Thursday, February 7th. Guggenheim reiterated a “buy” rating and issued a $120.00 target price on shares of Columbia Sportswear in a research report on Thursday, February 7th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $104.00 target price (up from $93.00) on shares of Columbia Sportswear in a research report on Friday, February 8th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $108.93.

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Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East and Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.

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

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