Impax Asset Management Group plc Has $7.53 Million Stock Position in Columbia Sportswear (NASDAQ:COLM)

Impax Asset Management Group plc grew its position in Columbia Sportswear (NASDAQ:COLM) by 79.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,515 shares of the textile maker’s stock after buying an additional 40,000 shares during the quarter. Impax Asset Management Group plc’s holdings in Columbia Sportswear were worth $7,530,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Columbia Sportswear by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock worth $257,373,000 after buying an additional 21,104 shares during the period. 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 worth $117,107,000 after purchasing an additional 454,738 shares in the last quarter. Boston Trust Walden Corp lifted its position 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 worth $103,180,000 after purchasing an additional 13,636 shares in the last quarter. Dimensional Fund Advisors LP lifted its position 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 worth $94,530,000 after purchasing an additional 56,348 shares in the last quarter. Finally, American Century Companies Inc. lifted its position 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 purchasing an additional 372,886 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $77.00.

Columbia Sportswear Stock Performance

Shares of COLM opened at $83.61 on Friday. The firm has a market cap of $4.78 billion, a PE ratio of 23.10, a PEG ratio of 3.58 and a beta of 0.92. The firm’s 50 day moving average price is $81.41 and its 200 day moving average price is $81.23. Columbia Sportswear has a twelve month low of $73.04 and a twelve month high of $87.23.

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

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.44%. The ex-dividend date is Wednesday, November 20th. Columbia Sportswear’s payout ratio is presently 33.15%.

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.