SG Americas Securities LLC Decreases Position in Columbia Sportswear (NASDAQ:COLM)

SG Americas Securities LLC lessened its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 77.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,739 shares of the textile maker’s stock after selling 6,028 shares during the period. SG Americas Securities LLC’s holdings in Columbia Sportswear were worth $145,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Pacer Advisors Inc. raised its stake in shares of Columbia Sportswear by 44.3% in the second quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock valued at $117,107,000 after acquiring an additional 454,738 shares during the period. American Century Companies Inc. raised its position in Columbia Sportswear by 153.3% in the 2nd quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock worth $48,722,000 after purchasing an additional 372,886 shares during the period. AQR Capital Management LLC lifted its stake in Columbia Sportswear by 149.0% in the second quarter. AQR Capital Management LLC now owns 195,933 shares of the textile maker’s stock worth $15,463,000 after purchasing an additional 117,260 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Columbia Sportswear by 1,574.3% during the second quarter. Marshall Wace LLP now owns 80,383 shares of the textile maker’s stock valued at $6,357,000 after buying an additional 75,582 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Columbia Sportswear during the second quarter valued at approximately $5,491,000. 47.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on COLM shares. Wedbush reissued a “neutral” rating and set a $80.00 price target on shares of Columbia Sportswear in a research note on Thursday, July 18th. Stifel Nicolaus raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and boosted their target price for the company from $84.00 to $92.00 in a research note on Monday, July 8th. Finally, StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $77.00.

Columbia Sportswear Trading Down 2.1 %

Shares of COLM stock opened at $75.18 on Friday. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $87.23. The stock has a fifty day simple moving average of $81.32 and a two-hundred day simple moving average of $80.72. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 3.00 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.14. Columbia Sportswear had a net margin of 6.72% and a return on equity of 13.01%. The business had revenue of $570.20 million for the quarter, compared to the consensus estimate of $569.37 million. During the same quarter last year, the firm posted $0.14 EPS. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. Research analysts predict that Columbia Sportswear will post 3.84 EPS for the current fiscal 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.