Ontario Teachers Pension Plan Board Trims Holdings in Columbia Sportswear (NASDAQ:COLM)

Ontario Teachers Pension Plan Board trimmed its holdings in Columbia Sportswear (NASDAQ:COLM) by 50.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,692 shares of the textile maker’s stock after selling 20,692 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Columbia Sportswear were worth $1,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of COLM. Pacer Advisors Inc. grew its position 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 valued at $117,107,000 after purchasing an additional 454,738 shares during the last quarter. American Century Companies Inc. boosted its stake 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 valued at $48,722,000 after purchasing an additional 372,886 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Columbia Sportswear by 149.0% in the second quarter. AQR Capital Management LLC now owns 195,933 shares of the textile maker’s stock worth $15,463,000 after purchasing an additional 117,260 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Columbia Sportswear during the third quarter valued at $7,676,000. Finally, Marshall Wace LLP boosted its position in shares of Columbia Sportswear by 1,574.3% during the second quarter. Marshall Wace LLP now owns 80,383 shares of the textile maker’s stock valued at $6,357,000 after buying an additional 75,582 shares during the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Columbia Sportswear Stock Down 2.1 %

Columbia Sportswear stock opened at $80.10 on Thursday. The business has a 50-day simple moving average of $81.43 and a two-hundred day simple moving average of $81.24. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $87.23. The company has a market cap of $4.58 billion, a P/E ratio of 22.13, a P/E/G ratio of 3.54 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $931.80 million during the quarter, compared to the consensus estimate of $937.17 million. During the same quarter in the previous year, the firm posted $1.70 EPS. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. Research analysts anticipate that Columbia Sportswear will post 3.86 EPS 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. Stockholders of record on Wednesday, November 20th will be given a $0.30 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. Columbia Sportswear’s payout ratio is 33.15%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a 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 assigned a buy rating to the stock. Based on data from MarketBeat, Columbia Sportswear currently has an average rating of “Hold” and an average price target of $77.00.

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.