Columbia Sportswear (NASDAQ:COLM) Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. cut its holdings in Columbia Sportswear (NASDAQ:COLM - Free Report) by 76.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COLM. Charles Schwab Investment Management Inc. grew its position in shares of Columbia Sportswear by 2.5% in 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 purchasing an additional 13,800 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Columbia Sportswear during the fourth quarter worth $1,904,000. Proficio Capital Partners LLC acquired a new stake in shares of Columbia Sportswear in the fourth quarter valued at about $1,472,000. Truist Financial Corp lifted its stake in shares of Columbia Sportswear by 143.6% in the fourth quarter. Truist Financial Corp now owns 11,907 shares of the textile maker's stock worth $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 worth about $296,000. Hedge funds and other institutional investors own 47.76% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup reissued a "neutral" rating and set a $68.00 price target (down previously from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. UBS Group lifted their target price on Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a research report on Monday, April 14th. Barclays reduced their price target 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. Needham & Company LLC initiated coverage on shares of Columbia Sportswear in a research note on Friday, May 30th. They set a "hold" rating on the stock. Finally, 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 report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $70.00.

Insider Buying and Selling

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 sale, the director now directly owns 128,309 shares in the company, valued at approximately $8,460,695.46. The trade was a 2.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 44.70% of the stock is currently owned by corporate insiders.

Columbia Sportswear Trading Down 0.4%

Shares of COLM stock traded down $0.24 on Wednesday, reaching $61.55. 629,151 shares of the stock were exchanged, compared to its average volume of 598,465. Columbia Sportswear has a twelve month low of $58.44 and a twelve month high of $92.88. The business's 50 day moving average price is $65.62 and its 200 day moving average price is $78.11. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 2.54 and a beta of 1.00.

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 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 business's revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 earnings per share. Equities research analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.95%. Columbia Sportswear's dividend payout ratio (DPR) is presently 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.