Impax Asset Management Group plc Increases Stake in Columbia Sportswear (NASDAQ:COLM)

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

A number of other hedge funds have also modified their holdings of the business. Duality Advisers LP raised its holdings in Columbia Sportswear by 225.2% in the 1st quarter. Duality Advisers LP now owns 40,244 shares of the textile maker's stock valued at $3,267,000 after acquiring an additional 27,868 shares during the last quarter. Quantbot Technologies LP lifted its position in Columbia Sportswear by 1,964.4% during the first quarter. Quantbot Technologies LP now owns 10,322 shares of the textile maker's stock worth $838,000 after buying an additional 9,822 shares in the last quarter. Vanguard Group Inc. boosted its stake in Columbia Sportswear by 0.7% during 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 last quarter. Ontario Teachers Pension Plan Board purchased a new stake in Columbia Sportswear in the 1st quarter valued at $3,806,000. Finally, Entropy Technologies LP acquired a new stake in shares of Columbia Sportswear in the 1st quarter worth $604,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wedbush reissued a "neutral" rating and set a $80.00 price target on shares of Columbia Sportswear in a research report on Thursday, July 18th. StockNews.com raised shares of Columbia Sportswear from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $77.00.

Columbia Sportswear Stock Up 0.8 %

NASDAQ:COLM traded up $0.70 during trading hours on Wednesday, reaching $83.79. 714,528 shares of the stock were exchanged, compared to its average volume of 464,817. Columbia Sportswear has a twelve month low of $73.04 and a twelve month high of $87.23. The business has a 50-day moving average of $80.92 and a two-hundred day moving average of $80.98. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 3.40 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its 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. The firm had revenue of $931.80 million for the quarter, compared to analyst estimates of $937.17 million. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. Columbia Sportswear's revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 EPS. On average, research analysts forecast that Columbia Sportswear will post 3.86 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

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 issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, November 20th. Columbia Sportswear's dividend payout ratio (DPR) 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.