Man Group plc Sells 86,537 Shares of Columbia Sportswear (NASDAQ:COLM)

Man Group plc trimmed its position in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 52.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,960 shares of the textile maker's stock after selling 86,537 shares during the quarter. Man Group plc owned approximately 0.13% of Columbia Sportswear worth $6,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in Columbia Sportswear by 184.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock valued at $25,000 after acquiring an additional 194 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Columbia Sportswear by 18.4% during the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock valued at $77,000 after purchasing an additional 142 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Columbia Sportswear during the 4th quarter valued at $76,000. Blue Trust Inc. lifted its stake in shares of Columbia Sportswear by 33.6% in the 4th quarter. Blue Trust Inc. now owns 942 shares of the textile maker's stock valued at $78,000 after purchasing an additional 237 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in Columbia Sportswear in the fourth quarter worth $139,000. Institutional investors own 47.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup restated a "neutral" rating and set a $68.00 target price (down from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. Stifel Nicolaus cut their price objective on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen cut Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Barclays lowered their price target on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Finally, UBS Group boosted their price objective on shares of Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $70.00.

Insiders Place Their Bets

In related news, Director Stephen E. Babson sold 2,776 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $65.94, for a total value of $183,049.44. Following the completion of the transaction, the director now owns 128,309 shares in the company, valued at $8,460,695.46. The trade was a 2.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Richelle T. Luther sold 4,000 shares of the company's stock in a transaction on 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 in the company, valued at approximately $1,319,177.88. This represents a 21.88% decrease in their position. The disclosure for this sale can be found here. Insiders own 44.70% of the company's stock.

Columbia Sportswear Price Performance

Shares of COLM traded down $1.12 during trading hours on Monday, hitting $63.80. The stock had a trading volume of 559,967 shares, compared to its average volume of 589,461. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 2.54 and a beta of 1.00. The company's fifty day moving average is $67.73 and its two-hundred day moving average is $79.17. Columbia Sportswear has a 52 week low of $58.44 and a 52 week high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The textile maker reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. The firm had revenue of $778.45 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. Equities analysts predict that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.20 annualized dividend and a yield of 1.88%. Columbia Sportswear's payout ratio is 30.69%.

About Columbia Sportswear

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.