International Assets Investment Management LLC Purchases Shares of 87,776 Columbia Sportswear (NASDAQ:COLM)

International Assets Investment Management LLC acquired a new position in shares of Columbia Sportswear (NASDAQ:COLM) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 87,776 shares of the textile maker’s stock, valued at approximately $6,982,000. International Assets Investment Management LLC owned approximately 0.15% of Columbia Sportswear at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp increased its position in Columbia Sportswear by 44.3% in the 3rd quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 154 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Columbia Sportswear by 76.2% in the fourth quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock valued at $36,000 after purchasing an additional 195 shares in the last quarter. Cascade Investment Advisors Inc. raised its position in Columbia Sportswear by 1.0% in the 4th quarter. Cascade Investment Advisors Inc. now owns 20,085 shares of the textile maker’s stock worth $1,598,000 after purchasing an additional 205 shares during the last quarter. Quent Capital LLC lifted its holdings in Columbia Sportswear by 79.6% during the 4th quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock worth $49,000 after buying an additional 273 shares in the last quarter. Finally, Lmcg Investments LLC boosted its position in Columbia Sportswear by 2.2% in the 3rd quarter. Lmcg Investments LLC now owns 15,799 shares of the textile maker’s stock valued at $1,171,000 after buying an additional 334 shares during the last quarter. Institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Trading Up 1.1 %

Shares of COLM opened at $82.20 on Wednesday. The stock has a market cap of $4.92 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 3.37 and a beta of 0.94. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $86.11. The stock’s 50-day moving average price is $78.72 and its two-hundred day moving average price is $78.47.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, April 25th. The textile maker reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.36. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The business had revenue of $769.98 million for the quarter, compared to analyst estimates of $740.62 million. During the same quarter last year, the firm earned $0.74 EPS. Columbia Sportswear’s quarterly revenue was down 6.2% compared to the same quarter last year. As a group, equities analysts forecast that Columbia Sportswear will post 3.83 EPS for the current year.

Columbia Sportswear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, May 15th. Columbia Sportswear’s payout ratio is presently 29.27%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on COLM. UBS Group cut their price target on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a research note on Friday, February 2nd. Stifel Nicolaus lifted their price target on shares of Columbia Sportswear from $75.00 to $84.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Finally, StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $75.75.

Insiders Place Their Bets

In other Columbia Sportswear news, Director Ronald E. Nelson sold 5,768 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total value of $473,264.40. Following the completion of the sale, the director now directly owns 16,857 shares in the company, valued at $1,383,116.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Jim A. Swanson sold 7,199 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $77.50, for a total transaction of $557,922.50. Following the sale, the chief financial officer now directly owns 9,423 shares in the company, valued at $730,282.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald E. Nelson sold 5,768 shares of the company’s stock in a transaction 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 completion of 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. Over the last ninety days, insiders have sold 15,901 shares of company stock worth $1,269,159. Corporate insiders own 44.70% of the company’s stock.

Columbia Sportswear Company 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.