Pacer Advisors Inc. Has $107.61 Million Position in Columbia Sportswear (NASDAQ:COLM)

Pacer Advisors Inc. lessened its holdings in Columbia Sportswear (NASDAQ:COLM) by 27.7% during the fourth quarter, Holdings Channel reports. The fund owned 1,282,076 shares of the textile maker’s stock after selling 491,508 shares during the period. Pacer Advisors Inc.’s holdings in Columbia Sportswear were worth $107,605,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in COLM. GAMMA Investing LLC increased its position in Columbia Sportswear by 51.3% during the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock worth $35,000 after buying an additional 142 shares during the period. Blue Trust Inc. increased its position in Columbia Sportswear by 68.7% during the third quarter. Blue Trust Inc. now owns 705 shares of the textile maker’s stock worth $56,000 after acquiring an additional 287 shares during the period. Northwest Investment Counselors LLC acquired a new stake in Columbia Sportswear in the 3rd quarter worth about $65,000. nVerses Capital LLC acquired a new stake in Columbia Sportswear in the 3rd quarter worth about $75,000. Finally, KBC Group NV boosted its holdings in 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 during the period. Institutional investors and hedge funds own 47.76% of the company’s stock.

Wall Street Analyst Weigh In

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

Columbia Sportswear Stock Performance

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 stock has a fifty day moving average of $85.92 and a 200-day moving average of $82.61. The stock has a market capitalization of $5.11 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 3.36 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.20. The company had revenue of $931.80 million for the quarter, compared to the consensus estimate of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the company posted $1.70 EPS. On average, research analysts forecast that Columbia Sportswear will post 3.89 earnings per share 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.