New York State Common Retirement Fund Sells 73,000 Shares of Columbia Sportswear (NASDAQ:COLM)

New York State Common Retirement Fund decreased its position in Columbia Sportswear (NASDAQ:COLM) by 28.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 186,406 shares of the textile maker’s stock after selling 73,000 shares during the period. New York State Common Retirement Fund owned approximately 0.33% of Columbia Sportswear worth $15,645,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Impact Partnership Wealth LLC acquired a new stake in Columbia Sportswear during the 4th quarter worth approximately $240,000. Assenagon Asset Management S.A. acquired a new stake in shares of Columbia Sportswear during the fourth quarter worth $6,356,000. Impax Asset Management Group plc lifted its position in Columbia Sportswear by 79.2% in the 3rd quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker’s stock valued at $7,530,000 after acquiring an additional 40,000 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Columbia Sportswear in the 3rd quarter valued at $7,676,000. Finally, MQS Management LLC acquired a new position in Columbia Sportswear in the 3rd quarter worth $499,000. Institutional investors own 47.76% of the company’s stock.

Insider Buying and Selling

In related news, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $81.74, for a total transaction of $522,727.30. Following the completion of the transaction, the director now owns 17,048 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. 44.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on COLM shares. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Stifel Nicolaus lifted their target price on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, TD Cowen upped their price target on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th.

Columbia Sportswear Price Performance

Columbia Sportswear stock opened at $90.72 on Monday. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 2.54 and a beta of 0.93. The firm has a 50-day moving average of $85.33 and a 200-day moving average of $83.49. Columbia Sportswear has a one year low of $73.04 and a one year high of $92.09.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Tuesday, February 4th. The textile maker reported $1.80 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. As a group, sell-side analysts expect that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.32%. Columbia Sportswear’s dividend payout ratio is presently 31.01%.

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.