Pacer Advisors Inc. grew its position in Columbia Sportswear Company (NASDAQ:COLM) by 31.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,259 shares of the textile maker’s stock after purchasing an additional 1,262 shares during the quarter. Pacer Advisors Inc.’s holdings in Columbia Sportswear were worth $305,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its position in shares of Columbia Sportswear by 5.6% in the second quarter. Prudential Financial Inc. now owns 5,143 shares of the textile maker’s stock valued at $299,000 after purchasing an additional 275 shares during the period. American Century Companies Inc. raised its position in shares of Columbia Sportswear by 38.4% in the second quarter. American Century Companies Inc. now owns 576,986 shares of the textile maker’s stock valued at $33,500,000 after purchasing an additional 160,070 shares during the period. Victory Capital Management Inc. raised its position in shares of Columbia Sportswear by 2.7% in the second quarter. Victory Capital Management Inc. now owns 934,620 shares of the textile maker’s stock valued at $54,264,000 after purchasing an additional 24,325 shares during the period. Marshall Wace North America L.P. bought a new position in shares of Columbia Sportswear in the second quarter valued at approximately $3,918,000. Finally, Capital Investment Counsel Inc bought a new position in shares of Columbia Sportswear in the second quarter valued at approximately $207,000. 39.03% of the stock is currently owned by institutional investors.
In other Columbia Sportswear news, Director Edward S. George sold 6,664 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $56.90, for a total transaction of $379,181.60. Following the transaction, the director now owns 8,664 shares in the company, valued at approximately $492,981.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 58.86% of the stock is owned by company insiders.
Shares of Columbia Sportswear Company (NASDAQ COLM) opened at 58.60 on Wednesday. Columbia Sportswear Company has a one year low of $51.56 and a one year high of $63.55. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 21.36 and a beta of 0.81. The firm has a 50-day moving average of $58.03 and a 200 day moving average of $56.98.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, July 27th. The textile maker reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.03. The firm had revenue of $398.90 million for the quarter, compared to analysts’ expectations of $394.53 million. Columbia Sportswear had a return on equity of 12.31% and a net margin of 8.01%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.12) EPS. Equities research analysts anticipate that Columbia Sportswear Company will post $2.79 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Tuesday, August 15th. Columbia Sportswear’s payout ratio is 26.47%.
COLM has been the topic of a number of recent analyst reports. Cowen and Company set a $58.00 price target on shares of Columbia Sportswear and gave the company a “hold” rating in a research report on Monday, August 21st. Goldman Sachs Group, Inc. (The) lowered shares of Columbia Sportswear from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, May 23rd. Zacks Investment Research raised shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Buckingham Research reaffirmed a “neutral” rating and set a $58.00 target price on shares of Columbia Sportswear in a research report on Monday, July 17th. Finally, Canaccord Genuity set a $60.00 target price on shares of Columbia Sportswear and gave the stock a “hold” rating in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Columbia Sportswear has an average rating of “Hold” and a consensus price target of $63.45.
About Columbia Sportswear
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
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