Columbia Sportswear (NASDAQ:COLM) Position Boosted by Impax Asset Management Group plc

Impax Asset Management Group plc lifted its holdings in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 79.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,515 shares of the textile maker's stock after acquiring an additional 40,000 shares during the quarter. Impax Asset Management Group plc owned about 0.15% of Columbia Sportswear worth $7,530,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. boosted its stake in shares of Columbia Sportswear by 116.6% in the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker's stock valued at $34,000 after purchasing an additional 225 shares during the period. GAMMA Investing LLC grew its stake in Columbia Sportswear by 51.3% during the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker's stock valued at $35,000 after purchasing an additional 142 shares in the last quarter. Headlands Technologies LLC increased its holdings in Columbia Sportswear by 174.8% during the 1st quarter. Headlands Technologies LLC now owns 599 shares of the textile maker's stock worth $49,000 after purchasing an additional 381 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Columbia Sportswear in the 3rd quarter valued at approximately $65,000. Finally, Dnca Finance purchased a new position in shares of Columbia Sportswear during the 2nd quarter valued at approximately $68,000. Institutional investors and hedge funds own 47.76% of the company's stock.

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 assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $77.00.

Columbia Sportswear Stock Down 1.3 %

NASDAQ:COLM traded down $1.08 during trading hours on Friday, reaching $83.61. 425,215 shares of the stock were exchanged, compared to its average volume of 464,942. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $87.23. The stock has a market capitalization of $4.78 billion, a P/E ratio of 23.10, a P/E/G ratio of 3.58 and a beta of 0.92. The firm has a 50 day simple moving average of $81.41 and a 200-day simple moving average of $81.23.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its earnings results 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 during 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 firm's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.70 earnings per share. As a group, analysts expect that Columbia Sportswear will post 3.86 earnings per share for the current 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 dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.44%. Columbia Sportswear's dividend payout ratio is presently 33.15%.

Columbia Sportswear Company 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.