Strs Ohio Decreases Stock Holdings in Columbia Sportswear (NASDAQ:COLM)

Strs Ohio reduced its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 29.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,253 shares of the textile maker’s stock after selling 6,701 shares during the quarter. Strs Ohio’s holdings in Columbia Sportswear were worth $1,292,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. 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 during the last quarter. Venturi Wealth Management LLC raised its stake in Columbia Sportswear by 76.2% in the fourth quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock valued at $36,000 after buying an additional 195 shares during the last quarter. Cascade Investment Advisors Inc. raised its stake in Columbia Sportswear by 1.0% in the fourth quarter. Cascade Investment Advisors Inc. now owns 20,085 shares of the textile maker’s stock valued at $1,598,000 after buying an additional 205 shares during the last quarter. Quent Capital LLC raised its stake in Columbia Sportswear by 79.6% in the fourth quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock valued at $49,000 after buying an additional 273 shares during the last quarter. Finally, Lmcg Investments LLC raised its stake in Columbia Sportswear by 2.2% in the third quarter. Lmcg Investments LLC now owns 15,799 shares of the textile maker’s stock valued at $1,171,000 after buying an additional 334 shares during the last quarter. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Sportswear Stock Up 0.8 %

Columbia Sportswear stock opened at $77.14 on Tuesday. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 3.13 and a beta of 0.94. Columbia Sportswear has a 52 week low of $66.01 and a 52 week high of $90.04. The business’s 50-day moving average price is $79.01 and its 200 day moving average price is $77.80.

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

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Thursday, March 7th. Columbia Sportswear’s dividend payout ratio (DPR) is 29.06%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on COLM shares. UBS Group decreased their price target on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a research note on Friday, February 2nd. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Columbia Sportswear has an average rating of “Hold” and a consensus price target 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.