Columbia Sportswear (NASDAQ:COLM) Shares Sold by Physicians Financial Services Inc.

Physicians Financial Services Inc. lowered its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,200 shares of the textile maker’s stock after selling 150 shares during the quarter. Physicians Financial Services Inc.’s holdings in Columbia Sportswear were worth $269,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in COLM. Handelsbanken Fonder AB acquired a new stake in shares of Columbia Sportswear during the third quarter worth $2,792,000. FMR LLC raised its position in shares of Columbia Sportswear by 1.1% during the second quarter. FMR LLC now owns 291,980 shares of the textile maker’s stock worth $26,708,000 after purchasing an additional 3,283 shares during the period. American Century Companies Inc. raised its position in shares of Columbia Sportswear by 2.6% during the third quarter. American Century Companies Inc. now owns 78,965 shares of the textile maker’s stock worth $7,349,000 after purchasing an additional 2,000 shares during the period. Alpha Windward LLC acquired a new stake in shares of Columbia Sportswear during the fourth quarter worth $459,000. Finally, Vanguard Group Inc. raised its position in shares of Columbia Sportswear by 3.2% during the third quarter. Vanguard Group Inc. now owns 3,275,641 shares of the textile maker’s stock worth $304,864,000 after purchasing an additional 100,703 shares during the period. Institutional investors and hedge funds own 37.21% of the company’s stock.

In related news, CAO Peter J. Bragdon sold 6,781 shares of the firm’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $106.17, for a total transaction of $719,938.77. Following the sale, the chief accounting officer now owns 28,955 shares of the company’s stock, valued at approximately $3,074,152.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Franco Fogliato sold 8,893 shares of the firm’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $107.60, for a total value of $956,886.80. Following the sale, the executive vice president now directly owns 16,944 shares in the company, valued at approximately $1,823,174.40. The disclosure for this sale can be found here. Insiders sold a total of 74,559 shares of company stock worth $7,546,921 over the last 90 days. 56.68% of the stock is owned by corporate insiders.

Several research analysts recently weighed in on COLM shares. Zacks Investment Research raised Columbia Sportswear from a “hold” rating to a “strong-buy” rating and set a $107.00 price target on the stock in a research report on Thursday, February 7th. DA Davidson upgraded Columbia Sportswear from a “neutral” rating to a “buy” rating and set a $105.00 price target for the company in a research note on Thursday, November 29th. Pivotal Research reiterated a “buy” rating and set a $112.00 price target (up previously from $107.00) on shares of Columbia Sportswear in a research note on Tuesday, February 5th. Macquarie set a $106.00 price objective on Columbia Sportswear and gave the stock a “hold” rating in a research report on Friday, October 26th. Finally, BidaskClub raised Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Thursday, February 7th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $106.53.

Shares of COLM opened at $104.35 on Thursday. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.25 and a beta of 0.68. Columbia Sportswear has a 52 week low of $73.01 and a 52 week high of $109.74.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, February 7th. The textile maker reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.41. Columbia Sportswear had a return on equity of 16.83% and a net margin of 9.57%. The business had revenue of $917.60 million for the quarter, compared to analyst estimates of $859.06 million. During the same period last year, the company earned $1.31 EPS. The firm’s revenue was up 18.2% on a year-over-year basis. On average, equities research analysts predict that Columbia Sportswear will post 4.36 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Thursday, March 7th will be given a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $0.96 annualized dividend and a dividend yield of 0.92%. Columbia Sportswear’s dividend payout ratio is currently 23.94%.

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Columbia Sportswear 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, 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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