Columbia Sportswear (NASDAQ:COLM) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its stake in Columbia Sportswear (NASDAQ:COLM) by 44.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,480,868 shares of the textile maker’s stock after purchasing an additional 454,738 shares during the quarter. Pacer Advisors Inc. owned about 2.50% of Columbia Sportswear worth $117,107,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of Columbia Sportswear by 153.3% in the second quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock worth $48,722,000 after buying an additional 372,886 shares during the last quarter. Norges Bank acquired a new position in shares of Columbia Sportswear in the 4th quarter valued at $22,526,000. First Trust Advisors LP raised its stake in Columbia Sportswear by 28.3% in the 4th quarter. First Trust Advisors LP now owns 476,608 shares of the textile maker’s stock worth $37,909,000 after acquiring an additional 105,193 shares during the last quarter. Verition Fund Management LLC lifted its position in Columbia Sportswear by 1,128.3% during the 4th quarter. Verition Fund Management LLC now owns 110,106 shares of the textile maker’s stock worth $8,758,000 after acquiring an additional 101,142 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Columbia Sportswear during the 2nd quarter valued at about $5,491,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Columbia Sportswear Stock Down 0.3 %

Columbia Sportswear stock opened at $82.23 on Friday. The business’s 50-day moving average price is $80.58 and its 200 day moving average price is $80.37. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 3.00 and a beta of 0.92. Columbia Sportswear has a 52 week low of $66.01 and a 52 week high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.14. Columbia Sportswear had a net margin of 6.72% and a return on equity of 13.01%. The business had revenue of $570.20 million for the quarter, compared to analysts’ expectations of $569.37 million. During the same quarter last year, the company earned $0.14 EPS. The business’s revenue was down 8.2% on a year-over-year basis. Equities analysts expect that Columbia Sportswear will post 3.85 EPS for the current year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.46%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 29.27%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on COLM shares. Wedbush reaffirmed a “neutral” rating and set a $80.00 target price on shares of Columbia Sportswear in a report on Thursday, July 18th. Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and lifted their price objective for the company from $84.00 to $92.00 in a research note on Monday, July 8th. Finally, StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $77.00.

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.