Louisiana State Employees Retirement System Sells 200 Shares of Columbia Sportswear (NASDAQ:COLM)

Louisiana State Employees Retirement System lowered its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,900 shares of the textile maker’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Columbia Sportswear were worth $747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in Columbia Sportswear by 43.2% in the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock worth $50,000 after acquiring an additional 181 shares in the last quarter. Blue Trust Inc. boosted its holdings in Columbia Sportswear by 68.7% in the third quarter. Blue Trust Inc. now owns 705 shares of the textile maker’s stock worth $56,000 after acquiring an additional 287 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in Columbia Sportswear in the third quarter worth about $65,000. nVerses Capital LLC acquired a new stake in Columbia Sportswear in the third quarter worth about $75,000. Finally, KBC Group NV boosted its holdings in Columbia Sportswear by 26.8% in the fourth quarter. KBC Group NV now owns 1,975 shares of the textile maker’s stock worth $166,000 after acquiring an additional 418 shares in the last quarter. Institutional investors own 47.76% of the company’s stock.

Analyst Ratings Changes

COLM has been the subject of several recent analyst reports. TD Cowen raised their price target on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Stifel Nicolaus raised their price objective on Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, StockNews.com cut Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th.

Insider Activity at Columbia Sportswear

In related news, 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 transaction of $522,727.30. Following the completion of the transaction, the director now directly owns 17,048 shares in the company, valued at approximately $1,393,503.52. This trade represents a 27.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 44.70% of the stock is owned by company insiders.

Columbia Sportswear Stock Up 5.0 %

Shares of NASDAQ:COLM opened at $88.85 on Wednesday. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $91.30. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 3.16 and a beta of 0.93. The business has a 50-day moving average price of $85.26 and a 200-day moving average price of $83.19.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. As a group, equities analysts anticipate that Columbia Sportswear will post 4.12 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.35%. The ex-dividend date is Monday, March 10th. Columbia Sportswear’s dividend payout ratio is currently 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.