Columbia Sportswear (NASDAQ:COLM) Stock Position Trimmed by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. trimmed its stake in Columbia Sportswear (NASDAQ:COLM - Free Report) by 76.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,476 shares of the textile maker's stock after selling 7,908 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Columbia Sportswear were worth $208,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in Columbia Sportswear by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker's stock valued at $47,372,000 after buying an additional 13,800 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Columbia Sportswear during the fourth quarter valued at approximately $1,904,000. Proficio Capital Partners LLC acquired a new position in Columbia Sportswear during the fourth quarter valued at approximately $1,472,000. Truist Financial Corp lifted its position in Columbia Sportswear by 143.6% during 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. Finally, New Age Alpha Advisors LLC acquired a new position in Columbia Sportswear during the fourth quarter valued at approximately $296,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Columbia Sportswear Price Performance

Shares of NASDAQ:COLM traded down $1.12 during midday trading on Friday, reaching $63.80. The company had a trading volume of 559,967 shares, compared to its average volume of 589,461. The stock's fifty day moving average price is $67.73 and its 200-day moving average price is $79.21. The stock has a market capitalization of $3.52 billion, a P/E ratio of 16.49, a PEG ratio of 2.54 and a beta of 1.00. Columbia Sportswear has a one year low of $58.44 and a one year high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The textile maker reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. The business had revenue of $778.45 million during 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 business's revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share. As a group, sell-side analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be paid a dividend of $0.30 per share. The ex-dividend date 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%.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $65.94, for a total transaction of $183,049.44. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Richelle T. Luther sold 4,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were 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 of the company's stock, valued at approximately $1,319,177.88. The trade was a 21.88% decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.