Columbia Sportswear (NASDAQ:COLM) Shares Purchased by Holocene Advisors LP

Holocene Advisors LP raised its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 71.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,200 shares of the textile maker’s stock after purchasing an additional 23,909 shares during the quarter. Holocene Advisors LP’s holdings in Columbia Sportswear were worth $4,758,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of COLM. Pacer Advisors Inc. lifted its holdings in Columbia Sportswear by 44.3% during the 2nd quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock worth $117,107,000 after buying an additional 454,738 shares during the last quarter. American Century Companies Inc. lifted its holdings in Columbia Sportswear by 153.3% during the 2nd 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. AQR Capital Management LLC lifted its holdings in Columbia Sportswear by 149.0% during the 2nd quarter. AQR Capital Management LLC now owns 195,933 shares of the textile maker’s stock worth $15,463,000 after buying an additional 117,260 shares during the last quarter. International Assets Investment Management LLC bought a new position in Columbia Sportswear during the 3rd quarter worth approximately $7,676,000. Finally, Marshall Wace LLP lifted its holdings in Columbia Sportswear by 1,574.3% during the 2nd quarter. Marshall Wace LLP now owns 80,383 shares of the textile maker’s stock worth $6,357,000 after buying an additional 75,582 shares during the last quarter. Institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Trading Up 0.3 %

Shares of NASDAQ COLM opened at $88.58 on Thursday. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 3.70 and a beta of 0.94. Columbia Sportswear has a 12-month low of $73.04 and a 12-month high of $88.92. The stock’s 50 day simple moving average is $82.36 and its 200 day simple moving average is $81.47.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.20. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The business had revenue of $931.80 million for the quarter, compared to the consensus estimate of $937.17 million. During the same quarter last year, the business posted $1.70 EPS. The business’s revenue was down 5.5% on a year-over-year basis. As a group, equities analysts forecast that Columbia Sportswear will post 3.89 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Wednesday, November 20th. Columbia Sportswear’s dividend payout ratio is currently 33.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on COLM shares. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Thursday. TD Cowen raised their price target on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $78.75.

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.