Zebra Capital Management buys $2.7 Million stake in Columbia Sportswear Company (COLM)

Columbia Sportswear Company (COLM) : Zebra Capital Management scooped up 14,560 additional shares in Columbia Sportswear Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 50,054 shares of Columbia Sportswear Company which is valued at $2.7 Million.Columbia Sportswear Company makes up approximately 1.08% of Zebra Capital Management’s portfolio.

Other Hedge Funds, Including , Fuller Thaler Asset Management reduced its stake in COLM by selling 58,917 shares or 6.04% in the most recent quarter. The Hedge Fund company now holds 916,262 shares of COLM which is valued at $48.7 Million. Columbia Sportswear Company makes up approx 0.96% of Fuller Thaler Asset Management’s portfolio.Teacher Retirement System Of Texas boosted its stake in COLM in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 3,444 shares of Columbia Sportswear Company which is valued at $182,911.Los Angeles Capital Management Equity Research Inc reduced its stake in COLM by selling 4,095 shares or 42.0% in the most recent quarter. The Hedge Fund company now holds 5,655 shares of COLM which is valued at $327,142.Alambic Investment Management boosted its stake in COLM in the latest quarter, The investment management firm added 2,600 additional shares and now holds a total of 7,800 shares of Columbia Sportswear Company which is valued at $451,230. Columbia Sportswear Company makes up approx 0.15% of Alambic Investment Management’s portfolio.

Columbia Sportswear Company opened for trading at $52.62 and hit $53.26 on the upside on Friday, eventually ending the session at $53.09, with a gain of 1.45% or 0.76 points. The heightened volatility saw the trading volume jump to 2,03,901 shares. Company has a market cap of $3,698,780 M.

On the company’s financial health, Columbia Sportswear Company reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.33. The company had revenue of $525.10 million for the quarter, compared to analysts expectations of $493.77 million. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Many Wall Street Analysts have commented on Columbia Sportswear Company. Company shares were Reiterated by Stifel on Apr 19, 2016 to “Buy”, Firm has raised the Price Target to $ 68 from a previous price target of $60 .

Columbia Sportswear Company is a hat distributor. The Company designs sources markets and distributes outdoor and active lifestyle apparel footwear accessories and equipment under the Columbia Mountain Hardwear Sorel prAna and Montrail brands. It offers products including outerwear sportswear footwear accessories and equipment for a variety of activities and consumers. Its other brands include Montrail brand OutDry brand and Pacific Trail brand. It develops and manages its merchandise in two categories: apparel accessories and equipment and footwear. Its apparel accessories and equipment are designed to use in a variety of outdoor activities such as skiing snowboarding hiking climbing mountaineering camping hunting fishing trail running water sports and adventure travel. Its footwear products include durable lightweight hiking boots trail running shoes rugged cold weather boots and casual shoes. It operates in North America Europe Japan Korea and China.

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