EntryPoint Capital LLC Takes Position in Columbia Sportswear (NASDAQ:COLM)

EntryPoint Capital LLC bought a new position in shares of Columbia Sportswear (NASDAQ:COLM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,923 shares of the textile maker’s stock, valued at approximately $329,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. lifted its stake in Columbia Sportswear by 18.0% in the fourth quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker’s stock valued at $74,255,000 after buying an additional 134,813 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Columbia Sportswear by 10.0% during 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 during the period. Assenagon Asset Management S.A. bought a new position in Columbia Sportswear during the fourth quarter worth $6,356,000. Natixis Advisors LLC boosted its stake in Columbia Sportswear by 48.6% during the fourth quarter. Natixis Advisors LLC now owns 143,831 shares of the textile maker’s stock worth $12,072,000 after acquiring an additional 47,031 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Columbia Sportswear by 11.6% in the fourth quarter. Bank of New York Mellon Corp now owns 418,531 shares of the textile maker’s stock worth $35,127,000 after purchasing an additional 43,654 shares during the period. Institutional investors and hedge funds own 47.76% of the company’s stock.

Insider Buying and Selling

In related news, Director Ronald E. Nelson sold 6,395 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $81.74, for a total transaction 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. This trade represents a 27.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Richelle T. Luther sold 4,000 shares of the business’s 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 transaction, the executive vice president now owns 14,283 shares in the company, valued at approximately $1,319,177.88. This trade represents a 21.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by corporate insiders.

Columbia Sportswear Trading Up 0.5 %

COLM opened at $76.76 on Friday. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $92.88. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 2.54 and a beta of 0.90. The company’s fifty day moving average price is $83.88 and its two-hundred day moving average price is $83.61.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates 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 forecast that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $0.30 per share. The ex-dividend date was Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.56%. Columbia Sportswear’s payout ratio is 31.01%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on COLM shares. Stifel Nicolaus increased their price objective on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th.

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.