Sei Investments Co. Buys 1,024 Shares of Columbia Sportswear (NASDAQ:COLM)

Sei Investments Co. grew its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 15.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,654 shares of the textile maker’s stock after acquiring an additional 1,024 shares during the period. Sei Investments Co.’s holdings in Columbia Sportswear were worth $605,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in COLM. Vanguard Group Inc. boosted 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 purchasing an additional 21,104 shares during the period. Pacer Advisors Inc. boosted 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 during the period. Boston Trust Walden Corp grew its stake in shares of Columbia Sportswear by 1.1% in 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 in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Columbia Sportswear by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,195,386 shares of the textile maker’s stock valued at $94,530,000 after acquiring an additional 56,348 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Columbia Sportswear by 153.3% during the second quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock worth $48,722,000 after acquiring an additional 372,886 shares during the period. Institutional investors own 47.76% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Columbia Sportswear Price Performance

Shares of NASDAQ:COLM opened at $80.76 on Wednesday. The company’s 50 day simple moving average is $81.30 and its 200 day simple moving average is $80.58. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $87.23. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 3.01 and a beta of 0.92.

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

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.49%. Columbia Sportswear’s payout ratio is currently 29.27%.

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.