Columbia Sportswear (NASDAQ:COLM) Shares Sold by Renaissance Technologies LLC

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Renaissance Technologies LLC cut its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 60.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 119,402 shares of the textile maker’s stock after selling 180,300 shares during the quarter. Renaissance Technologies LLC owned about 0.18% of Columbia Sportswear worth $11,959,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Allianz Asset Management GmbH grew its stake in shares of Columbia Sportswear by 221.8% during the 2nd quarter. Allianz Asset Management GmbH now owns 430,356 shares of the textile maker’s stock worth $43,104,000 after purchasing an additional 296,619 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Columbia Sportswear during the 1st quarter worth $2,869,000. Marshall Wace North America L.P. grew its stake in shares of Columbia Sportswear by 726.8% during the 1st quarter. Marshall Wace North America L.P. now owns 186,536 shares of the textile maker’s stock worth $19,433,000 after purchasing an additional 163,975 shares during the period. GWM Advisors LLC grew its stake in shares of Columbia Sportswear by 3.4% during the 2nd quarter. GWM Advisors LLC now owns 17,704 shares of the textile maker’s stock worth $1,773,000 after purchasing an additional 583 shares during the period. Finally, Nordea Investment Management AB acquired a new position in shares of Columbia Sportswear during the 1st quarter worth $4,941,000. 37.68% of the stock is currently owned by institutional investors and hedge funds.

In other Columbia Sportswear news, Director Andy D. Bryant sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $107.64, for a total transaction of $2,152,800.00. Following the sale, the director now directly owns 44,990 shares of the company’s stock, valued at approximately $4,842,723.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Thomas B. Cusick sold 17,260 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $107.77, for a total transaction of $1,860,110.20. Following the sale, the chief operating officer now directly owns 43,214 shares in the company, valued at $4,657,172.78. The disclosure for this sale can be found here. Insiders have sold a total of 78,938 shares of company stock worth $8,461,381 over the last ninety days. 56.57% of the stock is owned by corporate insiders.

A number of equities research analysts recently commented on COLM shares. ValuEngine cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. B. Riley set a $109.00 price objective on shares of Columbia Sportswear and gave the company a “hold” rating in a research note on Tuesday, August 20th. Stifel Nicolaus set a $129.00 price objective on shares of Columbia Sportswear and gave the company a “buy” rating in a research note on Friday, July 26th. BidaskClub raised shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, Pivotal Research reissued a “buy” rating and issued a $125.00 price objective (up from $120.00) on shares of Columbia Sportswear in a research note on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $118.00.

Shares of Columbia Sportswear stock traded up $0.29 during mid-day trading on Friday, hitting $95.63. 208,138 shares of the stock were exchanged, compared to its average volume of 266,662. Columbia Sportswear has a twelve month low of $80.03 and a twelve month high of $109.74. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 1.84 and a beta of 0.72. The company has a 50-day simple moving average of $96.57 and a 200 day simple moving average of $99.72. The company has a current ratio of 2.88, a quick ratio of 1.57 and a debt-to-equity ratio of 0.21.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.22. Columbia Sportswear had a net margin of 10.73% and a return on equity of 18.14%. The company had revenue of $526.21 million for the quarter, compared to analysts’ expectations of $507.16 million. During the same period last year, the company earned $0.16 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities research analysts forecast that Columbia Sportswear will post 4.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.00%. Columbia Sportswear’s dividend payout ratio is currently 23.94%.

Columbia Sportswear Profile

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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