Columbia Sportswear (NASDAQ:COLM) Stake Lifted by Pacer Advisors Inc.

Pacer Advisors Inc. increased its stake in Columbia Sportswear (NASDAQ:COLM) by 19.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,773,584 shares of the textile maker’s stock after acquiring an additional 292,716 shares during the period. Pacer Advisors Inc.’s holdings in Columbia Sportswear were worth $147,544,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in COLM. Vanguard Group Inc. lifted its position in shares of 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 acquiring an additional 21,104 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Columbia Sportswear during the 1st quarter valued at $845,000. Impax Asset Management Group plc grew its stake in Columbia Sportswear by 79.2% in the 3rd quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker’s stock valued at $7,530,000 after buying an additional 40,000 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Columbia Sportswear in the 3rd quarter valued at $7,676,000. Finally, Crossmark Global Holdings Inc. grew its stake in Columbia Sportswear by 113.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 36,481 shares of the textile maker’s stock valued at $3,034,000 after buying an additional 19,413 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Stock Down 2.1 %

NASDAQ:COLM opened at $80.10 on Thursday. The firm has a market cap of $4.58 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 3.47 and a beta of 0.92. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $87.23. The company’s 50-day moving average price is $81.43 and its two-hundred day moving average price is $81.24.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The company had revenue of $931.80 million for the quarter, compared to analyst estimates of $937.17 million. During the same period in the prior year, the business earned $1.70 earnings per share. Columbia Sportswear’s quarterly revenue was down 5.5% on a year-over-year basis. On average, research analysts expect that Columbia Sportswear will post 3.86 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, November 20th. Columbia Sportswear’s payout ratio is presently 33.15%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.