AQR Capital Management LLC Boosts Holdings in Columbia Sportswear (NASDAQ:COLM)

AQR Capital Management LLC raised its holdings in Columbia Sportswear (NASDAQ:COLM) by 149.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 195,933 shares of the textile maker’s stock after purchasing an additional 117,260 shares during the period. AQR Capital Management LLC owned 0.33% of Columbia Sportswear worth $15,463,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of COLM. Vanguard Group Inc. lifted its stake in Columbia Sportswear by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock valued at $257,373,000 after buying an additional 21,104 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Columbia Sportswear by 44.3% in the second quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock valued at $117,107,000 after acquiring an additional 454,738 shares in the last quarter. Boston Trust Walden Corp boosted its stake in shares of Columbia Sportswear by 1.1% during the second quarter. Boston Trust Walden Corp now owns 1,304,761 shares of the textile maker’s stock valued at $103,180,000 after acquiring an additional 13,636 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Columbia Sportswear by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,195,386 shares of the textile maker’s stock worth $94,530,000 after purchasing an additional 56,348 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Columbia Sportswear by 153.3% in the 2nd quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock valued at $48,722,000 after purchasing an additional 372,886 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Columbia Sportswear Stock Performance

COLM opened at $84.32 on Wednesday. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $87.23. The company’s 50 day simple moving average is $80.90 and its 200 day simple moving average is $80.42. The stock has a market capitalization of $4.99 billion, a PE ratio of 20.57, a P/E/G ratio of 3.01 and a beta of 0.92.

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

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued 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 1.42%. Columbia Sportswear’s dividend payout ratio (DPR) is 29.27%.

Analyst Ratings Changes

COLM has been the topic of several analyst reports. Wedbush reaffirmed a “neutral” rating and set a $80.00 price target on shares of Columbia Sportswear in a research note on Thursday, July 18th. StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Friday, September 27th. Finally, Stifel Nicolaus upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and boosted their price target for the company from $84.00 to $92.00 in a report on Monday, July 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Columbia Sportswear currently has a consensus rating of “Hold” and a consensus 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.