Jump Financial LLC Trims Stake in Columbia Sportswear (NASDAQ:COLM)

Jump Financial LLC cut its stake in Columbia Sportswear (NASDAQ:COLM) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,370 shares of the textile maker’s stock after selling 1,430 shares during the period. Jump Financial LLC’s holdings in Columbia Sportswear were worth $1,542,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC lifted its stake in shares of Columbia Sportswear by 18.4% in 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 during the period. Cairn Investment Group Inc. lifted its position in Columbia Sportswear by 0.3% during the fourth quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker’s stock valued at $3,750,000 after buying an additional 145 shares during the period. Amalgamated Bank boosted its holdings in shares of Columbia Sportswear by 1.0% during the 4th quarter. Amalgamated Bank now owns 15,337 shares of the textile maker’s stock valued at $1,287,000 after buying an additional 146 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Columbia Sportswear by 43.2% in the 4th quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock worth $50,000 after buying an additional 181 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of Columbia Sportswear by 184.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker’s stock worth $25,000 after acquiring an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Insider Activity

In other news, EVP Richelle T. Luther sold 4,000 shares of the firm’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 $1,319,177.88. This trade represents a 21.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.74, for a total value of $522,727.30. Following the completion of the sale, the director now directly owns 17,048 shares of the company’s stock, valued at $1,393,503.52. The trade was a 27.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 44.70% of the company’s stock.

Columbia Sportswear Stock Up 0.9 %

NASDAQ:COLM opened at $65.52 on Friday. Columbia Sportswear has a 52 week low of $59.07 and a 52 week high of $92.88. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 2.54 and a beta of 0.91. The company’s 50 day moving average price is $77.71 and its 200-day moving average price is $81.86.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Tuesday, February 4th. The textile maker reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. As a group, sell-side analysts anticipate that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.83%. The ex-dividend date was Monday, March 10th. Columbia Sportswear’s dividend payout ratio is currently 31.01%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their price target on Columbia Sportswear from $100.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Citigroup reaffirmed a “neutral” rating and set a $68.00 price objective (down previously from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. Finally, UBS Group boosted their target price on Columbia Sportswear from $42.00 to $51.00 and gave the stock a “sell” rating in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $74.80.

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.