Marshall Wace LLP Raises Stock Holdings in Columbia Sportswear (NASDAQ:COLM)

Marshall Wace LLP grew its holdings in Columbia Sportswear (NASDAQ:COLM) by 1,574.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,383 shares of the textile maker’s stock after buying an additional 75,582 shares during the quarter. Marshall Wace LLP’s holdings in Columbia Sportswear were worth $6,357,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in COLM. Blue Trust Inc. grew its stake in Columbia Sportswear by 116.6% in the 2nd quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 225 shares during the period. TFO Wealth Partners LLC lifted its holdings in Columbia Sportswear by 11,725.0% during the fourth quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 469 shares in the last quarter. Headlands Technologies LLC grew its position in shares of Columbia Sportswear by 174.8% in the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 381 shares during the period. Northwest Investment Counselors LLC purchased a new stake in shares of Columbia Sportswear during the first quarter worth about $64,000. Finally, Dnca Finance acquired a new position in shares of Columbia Sportswear during the 2nd quarter worth about $68,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on COLM shares. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Friday. Wedbush reiterated a “neutral” rating and set a $80.00 price target on shares of Columbia Sportswear in a research report on Thursday, July 18th. Finally, Stifel Nicolaus upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and raised their price objective for the company from $84.00 to $92.00 in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $77.00.

Columbia Sportswear Price Performance

COLM stock opened at $83.19 on Tuesday. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $87.23. The firm has a market capitalization of $4.92 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 3.01 and a beta of 0.92. The business has a 50 day simple moving average of $80.80 and a 200-day simple moving average of $80.40.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, July 25th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.14. The business had revenue of $570.20 million during the quarter, compared to the consensus estimate of $569.37 million. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period last year, the company earned $0.14 EPS. On average, equities research analysts expect that Columbia Sportswear will post 3.85 EPS for the current year.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 annualized dividend and a yield of 1.44%. Columbia Sportswear’s payout ratio is 29.27%.

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.