Natixis Advisors L.P. Buys 44,299 Shares of Columbia Sportswear (NASDAQ:COLM)

Natixis Advisors L.P. lifted its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 116.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,197 shares of the textile maker’s stock after purchasing an additional 44,299 shares during the quarter. Natixis Advisors L.P. owned 0.14% of Columbia Sportswear worth $6,537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in COLM. Morgan Stanley grew its holdings in shares of Columbia Sportswear by 9.2% during the 3rd quarter. Morgan Stanley now owns 4,352,622 shares of the textile maker’s stock valued at $322,530,000 after purchasing an additional 366,854 shares during the last quarter. Boston Trust Walden Corp boosted its position in shares of Columbia Sportswear by 30.9% during the 4th quarter. Boston Trust Walden Corp now owns 1,294,410 shares of the textile maker’s stock worth $102,957,000 after purchasing an additional 305,592 shares in the last quarter. Invesco Ltd. grew its stake in Columbia Sportswear by 89.5% in the third quarter. Invesco Ltd. now owns 475,945 shares of the textile maker’s stock valued at $35,268,000 after acquiring an additional 224,755 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in Columbia Sportswear by 13.4% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,469,768 shares of the textile maker’s stock valued at $108,910,000 after purchasing an additional 173,291 shares in the last quarter. Finally, Truist Financial Corp bought a new stake in Columbia Sportswear during the 4th quarter valued at $7,415,000. 47.76% of the stock is owned by institutional investors.

Insider Activity at Columbia Sportswear

In related news, Director Stephen E. Babson sold 2,411 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $80.98, for a total value of $195,242.78. Following the sale, the director now directly owns 122,879 shares of the company’s stock, valued at $9,950,741.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Columbia Sportswear news, Director Ronald E. Nelson sold 5,768 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total transaction of $473,264.40. Following the transaction, the director now directly owns 16,857 shares in the company, valued at $1,383,116.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen E. Babson sold 2,411 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $80.98, for a total transaction of $195,242.78. Following the transaction, the director now owns 122,879 shares in the company, valued at $9,950,741.42. The disclosure for this sale can be found here. Insiders have sold 15,901 shares of company stock valued at $1,269,159 over the last three months. 44.70% of the stock is owned by corporate insiders.

Columbia Sportswear Trading Up 1.3 %

Shares of Columbia Sportswear stock opened at $82.99 on Friday. Columbia Sportswear has a 12-month low of $66.01 and a 12-month high of $86.11. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 3.37 and a beta of 0.94. The company’s 50-day moving average price is $78.73 and its 200-day moving average price is $78.53.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.36. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The firm had revenue of $769.98 million for the quarter, compared to the consensus estimate of $740.62 million. During the same period in the prior year, the firm posted $0.74 earnings per share. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, sell-side analysts predict that Columbia Sportswear will post 3.83 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Wednesday, May 15th. Columbia Sportswear’s payout ratio is 29.27%.

Analyst Ratings Changes

COLM has been the subject of several recent analyst reports. UBS Group reduced their target price on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a research note on Friday, February 2nd. Stifel Nicolaus upped their price objective on shares of Columbia Sportswear from $75.00 to $84.00 and gave the company a “hold” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $75.75.

Columbia Sportswear 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.