Jane Street Group LLC Buys 42,588 Shares of Columbia Sportswear (NASDAQ:COLM)

Jane Street Group LLC raised its holdings in Columbia Sportswear (NASDAQ:COLM - Free Report) by 491.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,248 shares of the textile maker's stock after acquiring an additional 42,588 shares during the period. Jane Street Group LLC owned about 0.09% of Columbia Sportswear worth $4,301,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Freestone Grove Partners LP bought a new position in shares of Columbia Sportswear in the 4th quarter valued at $390,000. Kapitalo Investimentos Ltda acquired a new position in Columbia Sportswear in the 4th quarter worth about $139,000. Schonfeld Strategic Advisors LLC raised its position in Columbia Sportswear by 67.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 12,038 shares of the textile maker's stock valued at $1,010,000 after purchasing an additional 4,868 shares during the last quarter. AQR Capital Management LLC raised its position in Columbia Sportswear by 11.2% in the fourth quarter. AQR Capital Management LLC now owns 276,992 shares of the textile maker's stock valued at $23,248,000 after purchasing an additional 27,852 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Columbia Sportswear by 19.2% during the fourth quarter. Northern Trust Corp now owns 379,016 shares of the textile maker's stock valued at $31,811,000 after purchasing an additional 61,088 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company's stock.

Insider Buying and Selling

In related news, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total value of $369,440.00. Following the completion of the sale, the executive vice president now owns 14,283 shares of the company's stock, valued at approximately $1,319,177.88. This trade represents a 21.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen E. Babson sold 2,776 shares of Columbia Sportswear stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $65.94, for a total transaction of $183,049.44. Following the transaction, the director now owns 128,309 shares of the company's stock, valued at $8,460,695.46. This represents a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,171 shares of company stock valued at $1,075,217. 44.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on COLM shares. StockNews.com lowered shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Barclays decreased their price objective on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Stifel Nicolaus cut their target price on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Citigroup reissued a "neutral" rating and issued a $68.00 price target (down previously from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. Finally, UBS Group increased their target price on shares of Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $70.00.

Columbia Sportswear Trading Down 1.4%

COLM stock traded down $0.96 during mid-day trading on Tuesday, reaching $68.63. The company's stock had a trading volume of 593,617 shares, compared to its average volume of 580,725. Columbia Sportswear has a 12 month low of $58.44 and a 12 month high of $92.88. The business's 50 day moving average price is $70.07 and its 200 day moving average price is $79.98. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 2.54 and a beta of 1.00.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The textile maker reported $0.75 EPS for the quarter, topping the consensus estimate of $0.68 by $0.07. The company had revenue of $778.45 million during the quarter, compared to the consensus estimate of $763.50 million. Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. The company's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. As a group, equities analysts expect that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Thursday, May 22nd. Columbia Sportswear's payout ratio is 30.69%.

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.