Loomis Sayles & Co. L P Has $43.80 Million Stock Position in Columbia Sportswear (NASDAQ:COLM)

Loomis Sayles & Co. L P lessened its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 5.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 526,526 shares of the textile maker’s stock after selling 32,697 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Columbia Sportswear were worth $43,801,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in Columbia Sportswear by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 550,622 shares of the textile maker’s stock worth $45,806,000 after buying an additional 1,758 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Columbia Sportswear by 19.8% during the third quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock valued at $147,544,000 after acquiring an additional 292,716 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Columbia Sportswear by 12.4% during the third quarter. Natixis Advisors LLC now owns 96,800 shares of the textile maker’s stock worth $8,053,000 after purchasing an additional 10,675 shares during the period. Empowered Funds LLC lifted its holdings in shares of Columbia Sportswear by 69.6% in the 3rd quarter. Empowered Funds LLC now owns 8,330 shares of the textile maker’s stock worth $693,000 after purchasing an additional 3,419 shares in the last quarter. Finally, Impax Asset Management Group plc grew its position in Columbia Sportswear by 79.2% in the 3rd quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker’s stock valued at $7,530,000 after purchasing an additional 40,000 shares during the period. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 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 company’s stock. Based on data from MarketBeat, Columbia Sportswear presently has an average rating of “Hold” and an average target price of $77.00.

Columbia Sportswear Trading Up 5.5 %

Shares of Columbia Sportswear stock opened at $88.07 on Tuesday. The company has a market capitalization of $5.04 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 3.52 and a beta of 0.92. The stock has a fifty day simple moving average of $81.44 and a 200 day simple moving average of $81.25. Columbia Sportswear has a 12-month low of $73.04 and a 12-month high of $88.62.

Columbia Sportswear (NASDAQ:COLM) 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. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The firm had revenue of $931.80 million during the quarter, compared to analyst estimates of $937.17 million. During the same quarter in the prior year, the business posted $1.70 EPS. The business’s revenue was down 5.5% compared to the same quarter last year. On average, analysts predict that Columbia Sportswear will post 3.87 EPS for the current year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.20 annualized dividend and a yield of 1.36%. Columbia Sportswear’s dividend payout ratio (DPR) is 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.