Comerica Bank lessened its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 29.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,051 shares of the textile maker’s stock after selling 2,154 shares during the period. Comerica Bank’s holdings in Columbia Sportswear were worth $444,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Canada Pension Plan Investment Board bought a new position in Columbia Sportswear in the 4th quarter valued at approximately $11,213,000. Harfst & Associates Inc. lifted its position in Columbia Sportswear by 7.6% in the 4th quarter. Harfst & Associates Inc. now owns 6,794 shares of the textile maker’s stock valued at $571,000 after acquiring an additional 478 shares in the last quarter. Smith Asset Management Group LP bought a new position in Columbia Sportswear in the 4th quarter valued at approximately $7,978,000. Brasada Capital Management LP lifted its position in Columbia Sportswear by 4.4% in the 4th quarter. Brasada Capital Management LP now owns 5,429 shares of the textile maker’s stock valued at $457,000 after acquiring an additional 229 shares in the last quarter. Finally, Chicago Equity Partners LLC bought a new position in Columbia Sportswear in the 4th quarter valued at approximately $558,000. Institutional investors own 36.99% of the company’s stock.

NASDAQ COLM opened at $103.75 on Friday. The firm has a market cap of $7.08 billion, a PE ratio of 25.87, a PEG ratio of 2.13 and a beta of 0.68. Columbia Sportswear has a 1-year low of $74.28 and a 1-year high of $109.74.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, February 7th. The textile maker reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.41. The firm had revenue of $917.60 million for the quarter, compared to analysts’ expectations of $859.06 million. Columbia Sportswear had a return on equity of 16.79% and a net margin of 9.57%. The company’s revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.31 EPS. On average, sell-side analysts predict that Columbia Sportswear will post 4.44 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Thursday, March 7th will be paid 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 0.93%. Columbia Sportswear’s dividend payout ratio (DPR) is 23.94%.

Several equities analysts recently issued reports on COLM shares. Zacks Investment Research raised Columbia Sportswear from a “hold” rating to a “strong-buy” rating and set a $107.00 price objective on the stock in a research report on Thursday, February 7th. DA Davidson raised Columbia Sportswear from a “neutral” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Thursday, November 29th. Pivotal Research reaffirmed a “buy” rating and issued a $112.00 price objective (up from $107.00) on shares of Columbia Sportswear in a research report on Tuesday, February 5th. Macquarie raised Columbia Sportswear from a “neutral” rating to an “outperform” rating and set a $106.00 price objective on the stock in a research report on Friday, January 11th. Finally, BidaskClub raised Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $106.53.

In other news, EVP Franco Fogliato sold 8,893 shares of the company’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 completion of the sale, the executive vice president now directly owns 16,944 shares in the company, valued at approximately $1,823,174.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Thomas B. Cusick sold 22,115 shares of the company’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $107.04, for a total value of $2,367,189.60. Following the completion of the sale, the chief operating officer now owns 38,598 shares of the company’s stock, valued at $4,131,529.92. The disclosure for this sale can be found here. Insiders sold a total of 81,919 shares of company stock valued at $8,651,940 over the last 90 days. 56.68% of the stock is currently owned by company insiders.

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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 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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