American Century Companies Inc. Acquires 134,813 Shares of Columbia Sportswear (NASDAQ:COLM)

American Century Companies Inc. increased its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 18.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 884,731 shares of the textile maker’s stock after buying an additional 134,813 shares during the quarter. American Century Companies Inc. owned 1.55% of Columbia Sportswear worth $74,255,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Columbia Sportswear by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker’s stock worth $47,372,000 after acquiring an additional 13,800 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Columbia Sportswear in the 4th quarter valued at approximately $1,472,000. Truist Financial Corp boosted its position in Columbia Sportswear by 143.6% in the fourth quarter. Truist Financial Corp now owns 11,907 shares of the textile maker’s stock valued at $999,000 after buying an additional 7,019 shares in the last quarter. Impact Partnership Wealth LLC bought a new stake in shares of Columbia Sportswear during the fourth quarter worth $240,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Columbia Sportswear during the fourth quarter worth $6,356,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity at Columbia Sportswear

In other news, EVP Richelle T. Luther sold 4,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total value of $369,440.00. Following the transaction, the executive vice president now directly owns 14,283 shares of the company’s stock, valued at $1,319,177.88. The trade was a 21.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald E. Nelson sold 6,395 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.74, for a total value of $522,727.30. Following the sale, the director now directly owns 17,048 shares of the company’s stock, valued at $1,393,503.52. This represents a 27.28 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is owned by company insiders.

Columbia Sportswear Stock Down 2.3 %

Shares of NASDAQ:COLM opened at $76.18 on Wednesday. The firm has a market cap of $4.22 billion, a P/E ratio of 19.68, a P/E/G ratio of 2.54 and a beta of 0.90. Columbia Sportswear has a 12-month low of $73.04 and a 12-month high of $92.88. The business has a fifty day simple moving average of $84.28 and a 200 day simple moving average of $83.75.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. As a group, equities research analysts expect that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Monday, March 10th. Columbia Sportswear’s dividend payout ratio is presently 31.01%.

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.