Natixis Advisors LLC Buys 2,210 Shares of Columbia Sportswear (NASDAQ:COLM)

Natixis Advisors LLC lifted its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 2.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 86,125 shares of the textile maker’s stock after acquiring an additional 2,210 shares during the period. Natixis Advisors LLC’s holdings in Columbia Sportswear were worth $6,811,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Natixis Advisors L.P. boosted its position in Columbia Sportswear by 116.9% during the fourth quarter. Natixis Advisors L.P. now owns 82,197 shares of the textile maker’s stock worth $6,537,000 after purchasing an additional 44,299 shares during the period. M&T Bank Corp boosted its holdings in shares of Columbia Sportswear by 11.9% during the 4th quarter. M&T Bank Corp now owns 3,860 shares of the textile maker’s stock worth $307,000 after buying an additional 412 shares during the period. National Bank of Canada FI acquired a new position in Columbia Sportswear in the 4th quarter valued at $1,110,000. Charles Schwab Investment Management Inc. raised its holdings in Columbia Sportswear by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 515,735 shares of the textile maker’s stock worth $41,022,000 after acquiring an additional 18,001 shares during the period. Finally, Versor Investments LP acquired a new position in Columbia Sportswear during the 4th quarter worth $223,000. Institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Stock Up 0.0 %

COLM stock opened at $81.52 on Friday. The business’s 50-day simple moving average is $79.66 and its 200 day simple moving average is $80.31. The company has a market cap of $4.82 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $87.23.

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

Columbia Sportswear Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, August 15th. Columbia Sportswear’s dividend payout ratio is 29.27%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on COLM shares. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Stifel Nicolaus raised Columbia Sportswear from a “hold” rating to a “buy” rating and raised their target price for the company from $84.00 to $92.00 in a report on Monday, July 8th. Finally, Wedbush reiterated a “neutral” rating and set a $80.00 price target on shares of Columbia Sportswear in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $77.00.

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.