Pacer Advisors Inc. Sells 491,508 Shares of Columbia Sportswear (NASDAQ:COLM)

Pacer Advisors Inc. trimmed its holdings in Columbia Sportswear (NASDAQ:COLM) by 27.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,282,076 shares of the textile maker’s stock after selling 491,508 shares during the quarter. Pacer Advisors Inc. owned 2.24% of Columbia Sportswear worth $107,605,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Columbia Sportswear by 51.3% in the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 142 shares during the period. Blue Trust Inc. grew its position in Columbia Sportswear by 68.7% in the third quarter. Blue Trust Inc. now owns 705 shares of the textile maker’s stock valued at $56,000 after acquiring an additional 287 shares during the period. Northwest Investment Counselors LLC acquired a new position in Columbia Sportswear during the third quarter worth $65,000. nVerses Capital LLC acquired a new position in Columbia Sportswear during the third quarter worth $75,000. Finally, KBC Group NV boosted its stake in shares of Columbia Sportswear by 26.8% in the 4th quarter. KBC Group NV now owns 1,975 shares of the textile maker’s stock valued at $166,000 after purchasing an additional 418 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Analysts Set New Price Targets

COLM has been the subject of a number of research analyst reports. StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Stifel Nicolaus increased their price objective on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, TD Cowen upped their price target on Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $80.75.

Columbia Sportswear Stock Performance

Shares of Columbia Sportswear stock opened at $89.35 on Monday. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $91.30. The business’s 50 day simple moving average is $85.92 and its 200 day simple moving average is $82.61. The firm has a market cap of $5.11 billion, a PE ratio of 24.68, a P/E/G ratio of 3.36 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $937.17 million. During the same period in the previous year, the business earned $1.70 EPS. The company’s revenue was down 5.5% compared to the same quarter last year. As a group, equities research analysts predict that Columbia Sportswear will post 3.89 EPS for the current year.

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.