New York State Common Retirement Fund Boosts Holdings in Columbia Sportswear (NASDAQ:COLM)

New York State Common Retirement Fund boosted its holdings in Columbia Sportswear (NASDAQ:COLM - Free Report) by 39.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,406 shares of the textile maker's stock after acquiring an additional 73,602 shares during the quarter. New York State Common Retirement Fund owned 0.44% of Columbia Sportswear worth $21,580,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. grew its holdings in Columbia Sportswear by 44.3% in the second quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker's stock worth $117,107,000 after purchasing an additional 454,738 shares during the last quarter. American Century Companies Inc. lifted its holdings in Columbia Sportswear by 153.3% in the second quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker's stock valued at $48,722,000 after acquiring an additional 372,886 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Columbia Sportswear by 149.0% during the second 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 during the period. International Assets Investment Management LLC purchased a new position in Columbia Sportswear in the third quarter valued at $7,676,000. Finally, Marshall Wace LLP boosted its stake in Columbia Sportswear by 1,574.3% in the second quarter. Marshall Wace LLP now owns 80,383 shares of the textile maker's stock valued at $6,357,000 after acquiring an additional 75,582 shares in the last quarter. 47.76% of the stock is owned by institutional investors.

Columbia Sportswear Price Performance

Shares of NASDAQ COLM traded up $1.31 during mid-day trading on Tuesday, reaching $83.09. 645,677 shares of the company's stock were exchanged, compared to its average volume of 463,650. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 3.40 and a beta of 0.92. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $87.23. The firm has a 50-day moving average price of $80.91 and a two-hundred day moving average price of $80.93.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.20. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The company had revenue of $931.80 million for the quarter, compared to analysts' expectations of $937.17 million. During the same period in the prior year, the firm earned $1.70 earnings per share. The firm's revenue for the quarter was down 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Columbia Sportswear will post 3.86 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, November 20th. Columbia Sportswear's dividend payout ratio (DPR) is 33.15%.

Analyst Ratings Changes

COLM has been the topic of a number of analyst reports. Wedbush restated a "neutral" rating and set a $80.00 target price on shares of Columbia Sportswear in a research report on Thursday, July 18th. Stifel Nicolaus upgraded shares of Columbia Sportswear from a "hold" rating to a "buy" rating and boosted their target price for the stock from $84.00 to $92.00 in a report on Monday, July 8th. Finally, StockNews.com raised shares of Columbia Sportswear from a "hold" rating to a "buy" rating in a research report on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Columbia Sportswear has a consensus rating of "Hold" and a consensus price target 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.