Columbia Sportswear (NASDAQ:COLM) Shares Sold by Laurus Investment Counsel Inc.

Laurus Investment Counsel Inc. reduced its stake in Columbia Sportswear (NASDAQ:COLM) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,020 shares of the textile maker’s stock after selling 1,470 shares during the period. Columbia Sportswear makes up about 0.7% of Laurus Investment Counsel Inc.’s holdings, making the stock its 29th largest holding. Laurus Investment Counsel Inc.’s holdings in Columbia Sportswear were worth $1,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Quent Capital LLC raised its stake in Columbia Sportswear by 404.4% in the third quarter. Quent Capital LLC now owns 343 shares of the textile maker’s stock valued at $25,000 after buying an additional 275 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in Columbia Sportswear in the third quarter valued at $25,000. Advisory Services Network LLC raised its stake in Columbia Sportswear by 176.1% in the first quarter. Advisory Services Network LLC now owns 312 shares of the textile maker’s stock valued at $28,000 after buying an additional 199 shares in the last quarter. Quarry LP acquired a new stake in Columbia Sportswear in the second quarter valued at $33,000. Finally, Fifth Third Bancorp raised its stake in Columbia Sportswear by 44.3% in the third quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock valued at $37,000 after buying an additional 154 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Columbia Sportswear Stock Up 0.9 %

NASDAQ COLM opened at $79.62 on Thursday. Columbia Sportswear has a 52-week low of $66.01 and a 52-week high of $91.63. The business’s 50-day moving average price is $79.91 and its 200 day moving average price is $77.10. The firm has a market cap of $4.82 billion, a P/E ratio of 19.28, a P/E/G ratio of 3.22 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, February 1st. The textile maker reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.14). Columbia Sportswear had a return on equity of 14.11% and a net margin of 7.21%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.08 billion. As a group, analysts anticipate that Columbia Sportswear will post 3.7 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Thursday, March 7th. Columbia Sportswear’s dividend payout ratio is presently 29.06%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. TheStreet upgraded Columbia Sportswear from a “c+” rating to a “b-” rating in a research report on Monday, December 11th. UBS Group cut their target price on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a research report on Friday, February 2nd. Finally, StockNews.com cut Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $78.00.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,411 shares of Columbia Sportswear stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $80.98, for a total value of $195,242.78. Following the sale, the director now owns 122,879 shares of the company’s stock, valued at approximately $9,950,741.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Stephen E. Babson sold 2,411 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $80.98, for a total transaction of $195,242.78. Following the sale, the director now owns 122,879 shares of the company’s stock, valued at approximately $9,950,741.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald E. Nelson sold 5,768 shares of Columbia Sportswear stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total value of $473,264.40. Following the transaction, the director now owns 16,857 shares of the company’s stock, valued at $1,383,116.85. The disclosure for this sale can be found here. 43.00% of the stock is owned by corporate insiders.

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.