Coldstream Capital Management Inc. lifted its stake in Columbia Sportswear (NASDAQ:COLM) by 9.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,699 shares of the textile maker’s stock after purchasing an additional 499 shares during the period. Coldstream Capital Management Inc.’s holdings in Columbia Sportswear were worth $398,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Morgan Stanley lifted its position in shares of Columbia Sportswear by 17.4% during the 1st quarter. Morgan Stanley now owns 142,285 shares of the textile maker’s stock valued at $9,928,000 after buying an additional 21,087 shares in the last quarter. 1832 Asset Management L.P. raised its stake in Columbia Sportswear by 26.0% during the 1st quarter. 1832 Asset Management L.P. now owns 229,350 shares of the textile maker’s stock worth $16,379,000 after acquiring an additional 47,350 shares during the period. Bahl & Gaynor Inc. lifted its holdings in Columbia Sportswear by 4.7% during the first quarter. Bahl & Gaynor Inc. now owns 10,435 shares of the textile maker’s stock valued at $728,000 after purchasing an additional 472 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Columbia Sportswear by 133.4% in the first quarter. The Manufacturers Life Insurance Company now owns 97,092 shares of the textile maker’s stock worth $6,774,000 after purchasing an additional 55,486 shares during the period. Finally, APG Asset Management N.V. purchased a new stake in shares of Columbia Sportswear in the first quarter worth $31,750,000. Hedge funds and other institutional investors own 41.83% of the company’s stock.

In related news, major shareholder Gertrude Boyle Trust sold 3,244 shares of Columbia Sportswear stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $81.88, for a total transaction of $265,618.72. Following the completion of the transaction, the insider now directly owns 8,359,898 shares of the company’s stock, valued at approximately $684,508,448.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Sarah Bany sold 13,800 shares of the company’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $73.05, for a total transaction of $1,008,090.00. Following the transaction, the insider now owns 1,154,136 shares in the company, valued at $84,309,634.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,381 shares of company stock valued at $9,134,847. Company insiders own 41.15% of the company’s stock.

Several research analysts recently weighed in on the stock. BTIG Research started coverage on shares of Columbia Sportswear in a report on Tuesday, April 28th. They issued a “neutral” rating for the company. Pivotal Research cut their target price on Columbia Sportswear from $101.00 to $84.00 and set a “hold” rating for the company in a research report on Wednesday, April 29th. Cfra decreased their target price on Columbia Sportswear from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. DA Davidson upgraded Columbia Sportswear from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Wednesday. Finally, BidaskClub raised shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $105.64.

Shares of NASDAQ:COLM traded down $0.65 on Friday, reaching $77.00. The company’s stock had a trading volume of 6,237 shares, compared to its average volume of 341,052. The company has a 50-day simple moving average of $73.68 and a 200 day simple moving average of $81.52. Columbia Sportswear has a 52-week low of $51.82 and a 52-week high of $109.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.86 and a current ratio of 2.80. The company has a market cap of $5.14 billion, a P/E ratio of 20.65, a PEG ratio of 12.53 and a beta of 0.64.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.56). Columbia Sportswear had a return on equity of 14.34% and a net margin of 8.68%. The company had revenue of $568.23 million during the quarter, compared to analysts’ expectations of $597.75 million. During the same quarter in the prior year, the business posted $1.07 EPS. The company’s revenue was down 13.2% on a year-over-year basis. On average, equities research analysts forecast that Columbia Sportswear will post 1.99 EPS for the current fiscal year.

About Columbia Sportswear

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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