Loomis Sayles & Co. L P Reduces Holdings in Columbia Sportswear (NASDAQ:COLM)

Loomis Sayles & Co. L P lessened its holdings in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 5.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 526,526 shares of the textile maker's stock after selling 32,697 shares during the period. Loomis Sayles & Co. L P owned approximately 0.92% of Columbia Sportswear worth $43,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in shares of 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 in the last quarter. American Century Companies Inc. raised 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 acquiring an additional 372,886 shares during the period. AQR Capital Management LLC boosted its stake in shares of Columbia Sportswear by 149.0% during the 2nd 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 in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Columbia Sportswear during the 3rd quarter valued at about $7,676,000. Finally, Marshall Wace LLP increased its stake in shares of Columbia Sportswear by 1,574.3% in 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 in the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Columbia Sportswear Trading Down 1.3 %

NASDAQ:COLM traded down $1.15 during trading hours on Tuesday, hitting $86.92. 392,954 shares of the stock were exchanged, compared to its average volume of 464,096. The company has a market cap of $4.97 billion, a P/E ratio of 24.15, a P/E/G ratio of 3.52 and a beta of 0.92. The firm's fifty day moving average price is $81.53 and its 200 day moving average price is $81.28. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $88.62.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.20. The business 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 company's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.70 earnings per share. Equities analysts expect that Columbia Sportswear will post 3.87 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, November 20th. Columbia Sportswear's dividend payout ratio is currently 33.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. TD Cowen increased their price target on Columbia Sportswear from $70.00 to $84.00 and gave the stock a "hold" rating in a research report on Tuesday. StockNews.com upgraded Columbia Sportswear from a "hold" rating to a "buy" rating in a research report on Friday, November 1st. 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 stock. According to MarketBeat.com, Columbia Sportswear presently has an average rating of "Hold" and a consensus price target of $78.75.

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.