Natixis Advisors LLC Buys 10,675 Shares of Columbia Sportswear (NASDAQ:COLM)

Natixis Advisors LLC grew its position in Columbia Sportswear (NASDAQ:COLM) by 12.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,800 shares of the textile maker’s stock after acquiring an additional 10,675 shares during the period. Natixis Advisors LLC owned 0.17% of Columbia Sportswear worth $8,053,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Columbia Sportswear by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock worth $257,373,000 after acquiring an additional 21,104 shares during the last quarter. Tidal Investments LLC acquired a new position in Columbia Sportswear during the 1st quarter valued at about $845,000. Impax Asset Management Group plc boosted its stake in shares of Columbia Sportswear by 79.2% in the 3rd quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker’s stock valued at $7,530,000 after purchasing an additional 40,000 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Columbia Sportswear during the 3rd quarter worth approximately $7,676,000. Finally, Pacer Advisors Inc. raised its stake in shares of Columbia Sportswear by 44.3% during the second quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock worth $117,107,000 after buying an additional 454,738 shares during the last quarter. Institutional investors own 47.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Columbia Sportswear presently has a consensus rating of “Hold” and a consensus target price of $77.00.

Columbia Sportswear Price Performance

NASDAQ:COLM opened at $81.09 on Friday. The company has a market cap of $4.64 billion, a P/E ratio of 22.40, a P/E/G ratio of 3.47 and a beta of 0.92. The firm’s fifty day moving average price is $81.43 and its two-hundred day moving average price is $81.24. Columbia Sportswear has a one year low of $73.04 and a one year high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last released 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. The business had revenue of $931.80 million during the quarter, compared to the consensus estimate of $937.17 million. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.70 EPS. As a group, equities research analysts expect that Columbia Sportswear will post 3.86 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.20 annualized dividend and a yield of 1.48%. Columbia Sportswear’s dividend payout ratio is 33.15%.

About Columbia Sportswear

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.