Laurus Investment Counsel Inc. Has $1.43 Million Stock Holdings in Columbia Sportswear (NASDAQ:COLM)

Laurus Investment Counsel Inc. cut its position in Columbia Sportswear (NASDAQ:COLM) by 7.5% during the 4th quarter, HoldingsChannel reports. The firm owned 18,020 shares of the textile maker’s stock after selling 1,470 shares during the quarter. Columbia Sportswear comprises about 0.7% of Laurus Investment Counsel Inc.’s portfolio, 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 SEC filing.

Several other hedge funds also recently bought and sold shares of the company. US Bancorp DE raised its holdings in shares of Columbia Sportswear by 19.8% during the first quarter. US Bancorp DE now owns 823 shares of the textile maker’s stock worth $75,000 after acquiring an additional 136 shares during the period. Fifth Third Bancorp raised its holdings in shares of Columbia Sportswear by 44.3% during the third quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock worth $37,000 after acquiring an additional 154 shares during the period. Voya Investment Management LLC grew its position in Columbia Sportswear by 3.3% in the fourth quarter. Voya Investment Management LLC now owns 5,125 shares of the textile maker’s stock valued at $449,000 after purchasing an additional 165 shares in the last quarter. Alliancebernstein L.P. grew its position in Columbia Sportswear by 0.3% in the second quarter. Alliancebernstein L.P. now owns 51,469 shares of the textile maker’s stock valued at $3,975,000 after purchasing an additional 177 shares in the last quarter. Finally, Mariner LLC grew its position in Columbia Sportswear by 5.3% in the fourth quarter. Mariner LLC now owns 3,648 shares of the textile maker’s stock valued at $320,000 after purchasing an additional 183 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Ronald E. Nelson sold 5,768 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total value of $473,264.40. Following the completion of the sale, the director now owns 16,857 shares of the company’s stock, valued at $1,383,116.85. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Columbia Sportswear news, Director Stephen E. Babson sold 2,411 shares of the 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 transaction, the director now owns 122,879 shares in the company, valued at $9,950,741.42. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald E. Nelson sold 5,768 shares of the 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 completion of the transaction, the director now owns 16,857 shares in the company, valued at approximately $1,383,116.85. The disclosure for this sale can be found here. Insiders own 43.00% of the company’s stock.

Columbia Sportswear Stock Up 0.9 %

Shares of COLM stock opened at $79.62 on Thursday. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $91.63. The company 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. The business has a fifty day simple moving average of $79.91 and a 200 day simple moving average of $77.10.

Columbia Sportswear (NASDAQ:COLM) last issued its 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 firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. As a group, equities research analysts anticipate that Columbia Sportswear will post 3.7 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

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

Analyst Ratings Changes

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

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.