Columbia Sportswear (NASDAQ:COLM) Holdings Reduced by Man Group plc

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

Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in Columbia Sportswear by 184.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock worth $25,000 after purchasing an additional 194 shares during the period. Signaturefd LLC boosted its position in Columbia Sportswear by 18.4% during the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock worth $77,000 after purchasing an additional 142 shares during the period. Lazard Asset Management LLC purchased a new stake in Columbia Sportswear during the 4th quarter worth $76,000. Blue Trust Inc. boosted its position in Columbia Sportswear by 33.6% during the 4th quarter. Blue Trust Inc. now owns 942 shares of the textile maker's stock worth $78,000 after purchasing an additional 237 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new stake in Columbia Sportswear during the 4th quarter worth $139,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on COLM. Stifel Nicolaus decreased their price target on shares of Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. 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 report on Monday, April 14th. Citigroup reiterated a "neutral" rating and issued a $68.00 price objective (down previously from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. Barclays cut their price objective on shares of 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, Wall Street Zen lowered shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $70.00.

Insider Activity

In related news, Director Stephen E. Babson sold 2,776 shares of the 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 sale, the director now owns 128,309 shares in the company, valued at $8,460,695.46. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richelle T. Luther sold 4,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the sale, the executive vice president now owns 14,283 shares in the company, valued at approximately $1,319,177.88. This trade represents a 21.88% decrease in their position. The disclosure for this sale can be found here. Company insiders own 44.70% of the company's stock.

Columbia Sportswear Stock Performance

Shares of Columbia Sportswear stock traded down $1.12 during trading on Friday, reaching $63.80. The company had a trading volume of 559,967 shares, compared to its average volume of 588,288. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 2.54 and a beta of 1.00. The firm's fifty day moving average is $67.73 and its 200-day moving average is $79.24. Columbia Sportswear has a fifty-two week low of $58.44 and a fifty-two week high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its earnings results on Thursday, May 1st. The textile maker reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. The business had revenue of $778.45 million for the quarter, compared to analyst estimates of $763.50 million. Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. The company's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.71 EPS. On average, research analysts anticipate that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be paid a $0.30 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.88%. Columbia Sportswear's dividend payout ratio (DPR) is presently 30.69%.

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.