Pacer Advisors Inc. Has $117.11 Million Position in Columbia Sportswear (NASDAQ:COLM)

Pacer Advisors Inc. increased its stake in Columbia Sportswear (NASDAQ:COLM - Free Report) by 44.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,480,868 shares of the textile maker's stock after purchasing an additional 454,738 shares during the quarter. Pacer Advisors Inc. owned approximately 2.50% of Columbia Sportswear worth $117,107,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Seven Eight Capital LP increased its position in Columbia Sportswear by 215.7% in the 2nd quarter. Seven Eight Capital LP now owns 10,024 shares of the textile maker's stock worth $793,000 after buying an additional 6,849 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in Columbia Sportswear by 89.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,991 shares of the textile maker's stock worth $632,000 after buying an additional 3,767 shares during the period. Dimensional Fund Advisors LP increased its position in Columbia Sportswear by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,195,386 shares of the textile maker's stock worth $94,530,000 after buying an additional 56,348 shares during the period. Massachusetts Financial Services Co. MA bought a new position in Columbia Sportswear in the 2nd quarter worth approximately $5,491,000. Finally, Envestnet Asset Management Inc. increased its position in Columbia Sportswear by 2.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 63,608 shares of the textile maker's stock worth $5,030,000 after buying an additional 1,609 shares during the period. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Columbia Sportswear Price Performance

Shares of COLM traded down $0.25 on Friday, reaching $82.23. 819,548 shares of the stock traded hands, compared to its average volume of 469,598. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 3.00 and a beta of 0.92. Columbia Sportswear has a 12 month low of $66.01 and a 12 month high of $87.23. The stock's 50-day moving average price is $80.58 and its 200-day moving average price is $80.37.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.34) by $0.14. The business had revenue of $570.20 million for the quarter, compared to analysts' expectations of $569.37 million. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. Columbia Sportswear's quarterly revenue was down 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. As a group, equities research analysts forecast that Columbia Sportswear will post 3.85 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Thursday, August 15th. Columbia Sportswear's dividend payout ratio is 29.27%.

Wall Street Analyst Weigh In

COLM has been the topic of several recent analyst reports. Stifel Nicolaus raised Columbia Sportswear from a "hold" rating to a "buy" rating and lifted their price target for the stock from $84.00 to $92.00 in a research report on Monday, July 8th. Wedbush reaffirmed a "neutral" rating and issued a $80.00 price target on shares of Columbia Sportswear in a research report on Thursday, July 18th. Finally, StockNews.com cut Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Columbia Sportswear currently has an average rating of "Hold" and an average target price of $77.00.

About Columbia Sportswear

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.