JPMorgan Chase & Co. Trims Stock Position in Columbia Sportswear (NASDAQ:COLM)

JPMorgan Chase & Co. lessened its holdings in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 670,864 shares of the textile maker's stock after selling 9,911 shares during the period. JPMorgan Chase & Co. owned about 1.17% of Columbia Sportswear worth $56,306,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Columbia Sportswear by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker's stock worth $47,372,000 after acquiring an additional 13,800 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Columbia Sportswear during the 4th quarter worth approximately $1,904,000. Proficio Capital Partners LLC purchased a new position in shares of Columbia Sportswear during the 4th quarter worth approximately $1,472,000. Truist Financial Corp grew its holdings in shares of Columbia Sportswear by 143.6% during the 4th quarter. Truist Financial Corp now owns 11,907 shares of the textile maker's stock worth $999,000 after acquiring an additional 7,019 shares during the period. Finally, Impact Partnership Wealth LLC purchased a new position in shares of Columbia Sportswear during the 4th quarter worth approximately $240,000. Hedge funds and other institutional investors own 47.76% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on COLM. StockNews.com downgraded Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Citigroup reissued a "neutral" rating and issued a $68.00 price target (down from $80.00) on shares of Columbia Sportswear in a research report on Monday. Finally, 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. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $80.75.

Insider Activity at Columbia Sportswear

In related news, Director Ronald E. Nelson sold 6,395 shares of the stock in a transaction dated Thursday, February 13th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richelle T. Luther sold 4,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total transaction of $369,440.00. Following the completion of the transaction, the executive vice president now directly 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.

Columbia Sportswear Price Performance

Shares of Columbia Sportswear stock traded down $2.41 during trading on Thursday, reaching $65.94. 105,516 shares of the stock traded hands, compared to its average volume of 787,173. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 2.54 and a beta of 0.91. The business has a fifty day simple moving average of $79.84 and a two-hundred day simple moving average of $82.65. Columbia Sportswear has a 52-week low of $59.07 and a 52-week high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing analysts' consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. On average, research analysts predict that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Monday, March 10th. Columbia Sportswear's payout ratio is 31.01%.

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.