Columbia Sportswear (COLM) Holdings Trimmed by Millennium Management LLC

AQR Capital Management LLC grew its position in shares of Columbia Sportswear by 383.5% during the 3rd quarter. AQR Capital Management LLC …

Columbia Sportswear logoMillennium Management LLC decreased its holdings in Columbia Sportswear (NASDAQ:COLM) by 47.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,586 shares of the textile maker’s stock after selling 85,149 shares during the period. Millennium Management LLC owned about 0.14% of Columbia Sportswear worth $8,038,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in shares of Columbia Sportswear during the 3rd quarter worth $25,380,000. AQR Capital Management LLC grew its position in shares of Columbia Sportswear by 383.5% during the 3rd quarter. AQR Capital Management LLC now owns 200,189 shares of the textile maker’s stock worth $18,631,000 after buying an additional 158,787 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Columbia Sportswear during the 4th quarter worth $11,213,000. Two Sigma Investments LP grew its position in shares of Columbia Sportswear by 103.9% during the 4th quarter. Two Sigma Investments LP now owns 250,073 shares of the textile maker’s stock worth $21,029,000 after buying an additional 127,407 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in shares of Columbia Sportswear by 76.5% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 279,575 shares of the textile maker’s stock worth $26,020,000 after buying an additional 121,216 shares in the last quarter. Institutional investors and hedge funds own 38.00% of the company’s stock.

Shares of COLM stock opened at $102.53 on Thursday. Columbia Sportswear has a 1-year low of $78.82 and a 1-year high of $109.74. The stock has a market cap of $6.95 billion, a P/E ratio of 25.35, a P/E/G ratio of 2.11 and a beta of 0.68.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, February 7th. The textile maker reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.41. Columbia Sportswear had a return on equity of 16.79% and a net margin of 9.57%. The company had revenue of $917.60 million for the quarter, compared to the consensus estimate of $859.06 million. During the same quarter last year, the company earned $1.31 earnings per share. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, equities analysts expect that Columbia Sportswear will post 4.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Thursday, March 7th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Wednesday, March 6th. Columbia Sportswear’s payout ratio is currently 23.94%.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Macquarie set a $118.00 price target on Columbia Sportswear and gave the stock a “buy” rating in a research report on Friday, February 8th. Robert W. Baird increased their price target on Columbia Sportswear from $95.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, February 8th. Canaccord Genuity reissued a “hold” rating and set a $104.00 price target (up previously from $93.00) on shares of Columbia Sportswear in a research report on Friday, February 8th. Finally, BidaskClub downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. Six research 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 stock. The company currently has a consensus rating of “Buy” and an average price target of $106.53.

In other Columbia Sportswear news, EVP Joseph P. Boyle sold 566 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $106.00, for a total value of $59,996.00. Following the completion of the sale, the executive vice president now owns 2,301,492 shares of the company’s stock, valued at $243,958,152. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Franco Fogliato sold 8,893 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,823,174.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,535 shares of company stock worth $8,929,236. 56.68% of the stock is owned by corporate insiders.

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About Columbia Sportswear

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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