American Century Companies Inc. Purchases 134,813 Shares of Columbia Sportswear (NASDAQ:COLM)

American Century Companies Inc. grew its position in shares of Columbia Sportswear (NASDAQ:COLM) by 18.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 884,731 shares of the textile maker’s stock after acquiring an additional 134,813 shares during the quarter. American Century Companies Inc.’s holdings in Columbia Sportswear were worth $74,255,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of COLM. Thrivent Financial for Lutherans lifted its position in Columbia Sportswear by 10.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker’s stock valued at $101,355,000 after acquiring an additional 109,488 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Columbia Sportswear in the fourth quarter worth approximately $6,356,000. Natixis Advisors LLC lifted its holdings in shares of Columbia Sportswear by 48.6% in the fourth quarter. Natixis Advisors LLC now owns 143,831 shares of the textile maker’s stock valued at $12,072,000 after purchasing an additional 47,031 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Columbia Sportswear by 11.6% during the fourth quarter. Bank of New York Mellon Corp now owns 418,531 shares of the textile maker’s stock valued at $35,127,000 after buying an additional 43,654 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in Columbia Sportswear by 183.8% during the fourth quarter. Quantbot Technologies LP now owns 43,667 shares of the textile maker’s stock worth $3,665,000 after buying an additional 28,278 shares in the last quarter. 47.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on COLM. TD Cowen lifted their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Stifel Nicolaus boosted their price target on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th.

Insider Buying and Selling at Columbia Sportswear

In related news, EVP Richelle T. Luther sold 4,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the sale, the executive vice president now owns 14,283 shares of the company’s stock, valued at approximately $1,319,177.88. This represents a 21.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $81.74, for a total value of $522,727.30. Following the transaction, the director now directly owns 17,048 shares of the company’s stock, valued at $1,393,503.52. The trade was a 27.28 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 44.70% of the company’s stock.

Columbia Sportswear Price Performance

Shares of Columbia Sportswear stock opened at $76.18 on Wednesday. The stock has a fifty day moving average price of $84.28 and a 200-day moving average price of $83.75. The firm has a market cap of $4.22 billion, a PE ratio of 19.68, a P/E/G ratio of 2.54 and a beta of 0.90. Columbia Sportswear has a 1 year low of $73.04 and a 1 year high of $92.88.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. As a group, equities analysts anticipate that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Monday, March 10th. Columbia Sportswear’s dividend payout ratio is currently 31.01%.

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.