Columbia Sportswear (NASDAQ:COLM) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC increased its stake in Columbia Sportswear (NASDAQ:COLM) by 491.8% during the fourth quarter, according to its most recent 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 quarter. Jane Street Group LLC owned approximately 0.09% of Columbia Sportswear worth $4,301,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in shares of 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 buying an additional 194 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Columbia Sportswear by 43.2% during the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock valued at $50,000 after buying an additional 181 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Columbia Sportswear by 18.4% during the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker’s stock valued at $77,000 after buying an additional 142 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Columbia Sportswear by 33.6% during the fourth quarter. Blue Trust Inc. now owns 942 shares of the textile maker’s stock valued at $78,000 after buying an additional 237 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Columbia Sportswear during the fourth quarter valued at $139,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Columbia Sportswear

In related news, EVP Richelle T. Luther sold 4,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the completion of the sale, the executive vice president now owns 14,283 shares in the company, valued at $1,319,177.88. This represents a 21.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald E. Nelson sold 6,395 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total value of $522,727.30. Following the sale, the director now owns 17,048 shares of the company’s stock, valued at approximately $1,393,503.52. The trade was a 27.28% decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on COLM. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a 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. Stifel Nicolaus lowered their target price 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. Citigroup restated a “neutral” rating and issued a $68.00 target price (down previously from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. Finally, UBS Group boosted their target price on Columbia Sportswear from $42.00 to $51.00 and gave the company a “sell” rating in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $70.00.

Columbia Sportswear Stock Performance

COLM opened at $66.12 on Monday. The company has a market cap of $3.65 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 2.54 and a beta of 1.00. The stock has a 50-day moving average of $70.66 and a 200-day moving average of $80.10. Columbia Sportswear has a 52-week low of $58.44 and a 52-week high of $92.88.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, May 1st. The textile maker reported $0.75 earnings per share (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 return on equity of 12.23% and a net margin of 6.63%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 EPS. On average, research analysts predict that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.20 annualized dividend and a dividend yield of 1.81%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 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.