Public Employees Retirement System of Ohio Lowers Holdings in Columbia Sportswear (NASDAQ:COLM)

Public Employees Retirement System of Ohio lessened its stake in Columbia Sportswear (NASDAQ:COLM) by 4.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,255 shares of the textile maker’s stock after selling 2,260 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.09% of Columbia Sportswear worth $4,513,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. increased its stake in Columbia Sportswear by 44.3% in the 2nd quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock worth $117,107,000 after acquiring an additional 454,738 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of 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 acquiring an additional 372,886 shares during the last quarter. AQR Capital Management LLC increased its stake in Columbia Sportswear by 149.0% during the second quarter. AQR Capital Management LLC now owns 195,933 shares of the textile maker’s stock worth $15,463,000 after acquiring an additional 117,260 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Columbia Sportswear in the 3rd quarter valued at approximately $7,676,000. Finally, Marshall Wace LLP increased its position in shares of Columbia Sportswear by 1,574.3% during the 2nd quarter. Marshall Wace LLP now owns 80,383 shares of the textile maker’s stock valued at $6,357,000 after purchasing an additional 75,582 shares during the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on COLM. TD Cowen increased their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, Stifel Nicolaus increased their price objective on Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Columbia Sportswear currently has a consensus rating of “Hold” and a consensus target price of $80.75.

Columbia Sportswear Stock Up 0.1 %

Shares of Columbia Sportswear stock opened at $88.74 on Friday. The firm’s 50 day moving average price is $83.26 and its 200-day moving average price is $81.70. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $91.24. The company has a market cap of $5.08 billion, a P/E ratio of 24.51, a PEG ratio of 3.74 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $937.17 million. During the same quarter in the previous year, the firm earned $1.70 EPS. Columbia Sportswear’s revenue was down 5.5% compared to the same quarter last year. As a group, equities research analysts forecast that Columbia Sportswear will post 3.89 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

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

Columbia Sportswear 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.