Duality Advisers LP Has $3.27 Million Stock Holdings in Columbia Sportswear (NASDAQ:COLM)

Duality Advisers LP increased its position in shares of Columbia Sportswear (NASDAQ:COLM) by 225.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 40,244 shares of the textile maker’s stock after purchasing an additional 27,868 shares during the period. Duality Advisers LP’s holdings in Columbia Sportswear were worth $3,267,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Venturi Wealth Management LLC boosted its position in Columbia Sportswear by 76.2% in the fourth quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock valued at $36,000 after buying an additional 195 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Columbia Sportswear by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 9,900 shares of the textile maker’s stock valued at $804,000 after buying an additional 200 shares in the last quarter. State of Michigan Retirement System boosted its position in Columbia Sportswear by 2.4% in the first quarter. State of Michigan Retirement System now owns 8,474 shares of the textile maker’s stock valued at $688,000 after buying an additional 200 shares in the last quarter. Cascade Investment Advisors Inc. boosted its position in Columbia Sportswear by 1.0% in the fourth quarter. Cascade Investment Advisors Inc. now owns 20,085 shares of the textile maker’s stock valued at $1,598,000 after buying an additional 205 shares in the last quarter. Finally, Quent Capital LLC boosted its position in Columbia Sportswear by 79.6% in the fourth quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock valued at $49,000 after buying an additional 273 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Insiders Place Their Bets

In other news, Director Sabrina Simmons sold 523 shares of Columbia Sportswear stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total transaction of $42,729.10. Following the completion of the transaction, the director now directly owns 6,483 shares in the company, valued at $529,661.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Jim A. Swanson sold 7,199 shares of Columbia Sportswear stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $77.50, for a total transaction of $557,922.50. Following the completion of the transaction, the chief financial officer now directly owns 9,423 shares in the company, valued at $730,282.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sabrina Simmons sold 523 shares of Columbia Sportswear stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total transaction of $42,729.10. Following the transaction, the director now owns 6,483 shares of the company’s stock, valued at $529,661.10. The disclosure for this sale can be found here. Corporate insiders own 44.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on COLM shares. StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Monday, June 3rd. Stifel Nicolaus raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and raised their price target for the company from $84.00 to $92.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $77.75.

Columbia Sportswear Stock Down 0.5 %

NASDAQ:COLM traded down $0.42 during trading hours on Friday, reaching $78.75. The company had a trading volume of 225,764 shares, compared to its average volume of 485,731. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 19.31, a P/E/G ratio of 3.20 and a beta of 0.94. The business’s 50-day simple moving average is $81.98 and its two-hundred day simple moving average is $80.02. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, April 25th. The textile maker reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.36. The business had revenue of $769.98 million during the quarter, compared to analysts’ expectations of $740.62 million. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The business’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period last year, the company posted $0.74 earnings per share. As a group, equities analysts predict that Columbia Sportswear will post 3.86 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Wednesday, May 15th. Columbia Sportswear’s payout ratio is 29.27%.

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.