Stifel Financial Corp Sells 379 Shares of Columbia Sportswear (NASDAQ:COLM)

Stifel Financial Corp cut its holdings in Columbia Sportswear (NASDAQ:COLM) by 4.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,468 shares of the textile maker’s stock after selling 379 shares during the quarter. Stifel Financial Corp’s holdings in Columbia Sportswear were worth $627,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of COLM. Boston Trust Walden Corp raised its holdings in shares of Columbia Sportswear by 0.3% in the 4th quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker’s stock worth $107,778,000 after acquiring an additional 3,214 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Columbia Sportswear by 10.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker’s stock worth $101,355,000 after acquiring an additional 109,488 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Columbia Sportswear by 18.0% during the 4th quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker’s stock valued at $74,255,000 after buying an additional 134,813 shares in the last quarter. 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 in the last quarter. Finally, Invesco Ltd. boosted its stake in Columbia Sportswear by 25.3% in the 4th quarter. Invesco Ltd. now owns 530,600 shares of the textile maker’s stock worth $44,533,000 after purchasing an additional 107,157 shares during the period. 47.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total value of $369,440.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction that occurred 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 transaction, the director now owns 17,048 shares of the company’s stock, valued at approximately $1,393,503.52. This trade represents a 27.28% decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is owned by company insiders.

Columbia Sportswear Price Performance

Shares of COLM stock opened at $66.12 on Monday. The firm has a fifty day moving average price of $70.66 and a 200-day moving average price of $80.10. Columbia Sportswear has a 1 year low of $58.44 and a 1 year high of $92.88. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 2.54 and a beta of 1.00.

Columbia Sportswear (NASDAQ:COLM) last released its 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. Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. The company had revenue of $778.45 million during the quarter, compared to analyst estimates of $763.50 million. During the same period in the prior year, the firm posted $0.71 EPS. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts expect that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Thursday, May 22nd. Columbia Sportswear’s dividend payout ratio (DPR) is presently 30.69%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on COLM. StockNews.com cut Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. UBS Group lifted their target price on shares of Columbia Sportswear from $42.00 to $51.00 and gave the company a “sell” rating in a research note on Monday, April 14th. Citigroup reiterated a “neutral” rating and set a $68.00 target price (down from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. Stifel Nicolaus reduced their price objective on shares of Columbia Sportswear from $91.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Finally, Barclays dropped their price objective on 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. 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’s stock. According to MarketBeat, the company presently 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.