Retirement Systems of Alabama Sells 452 Shares of Columbia Sportswear (NASDAQ:COLM)

Retirement Systems of Alabama trimmed its position in shares of Columbia Sportswear (NASDAQ:COLM) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,197 shares of the textile maker’s stock after selling 452 shares during the quarter. Retirement Systems of Alabama owned 0.07% of Columbia Sportswear worth $3,436,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truist Financial Corp bought a new stake in Columbia Sportswear during the 4th quarter worth approximately $7,415,000. Semanteon Capital Management LP bought a new position in shares of Columbia Sportswear during the fourth quarter worth about $269,000. Wedge Capital Management L L P NC raised its position in Columbia Sportswear by 3.9% in the 4th quarter. Wedge Capital Management L L P NC now owns 46,193 shares of the textile maker’s stock valued at $3,674,000 after buying an additional 1,719 shares during the last quarter. Duality Advisers LP acquired a new stake in Columbia Sportswear in the 4th quarter valued at approximately $984,000. Finally, Federated Hermes Inc. lifted its stake in Columbia Sportswear by 2.7% in the 4th quarter. Federated Hermes Inc. now owns 162,266 shares of the textile maker’s stock valued at $12,907,000 after acquiring an additional 4,311 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Trading Up 1.1 %

NASDAQ:COLM opened at $82.20 on Wednesday. The firm has a fifty day simple moving average of $78.72 and a 200 day simple moving average of $78.47. Columbia Sportswear has a 1-year low of $66.01 and a 1-year high of $86.11. The stock has a market capitalization of $4.92 billion, a PE ratio of 20.05, a P/E/G ratio of 3.37 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, April 25th. The textile maker reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.36. The company had revenue of $769.98 million during the quarter, compared to the consensus estimate of $740.62 million. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The company’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS. On average, equities analysts predict that Columbia Sportswear will post 3.83 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

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

Analyst Upgrades and Downgrades

COLM has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price objective on shares of Columbia Sportswear from $75.00 to $84.00 and gave the company a “hold” rating in a report on Friday, April 26th. UBS Group lowered their price target on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a research note on Friday, February 2nd. 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 equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, Columbia Sportswear has an average rating of “Hold” and a consensus target price of $75.75.

Insider Transactions at Columbia Sportswear

In related news, CFO Jim A. Swanson sold 7,199 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $77.50, for a total value of $557,922.50. Following the sale, the chief financial officer now owns 9,423 shares in the company, valued at approximately $730,282.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Stephen E. Babson sold 2,411 shares of the business’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 transaction of $195,242.78. Following the completion of the sale, the director now owns 122,879 shares in the company, valued at $9,950,741.42. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jim A. Swanson sold 7,199 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $77.50, for a total value of $557,922.50. Following the transaction, the chief financial officer now owns 9,423 shares in the company, valued at approximately $730,282.50. The disclosure for this sale can be found here. In the last three months, insiders sold 15,901 shares of company stock worth $1,269,159. 44.70% of the stock is owned by company insiders.

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.