Zebra Capital Management buys $4,200,818 stake in Columbia Sportswear Company (COLM)

Columbia Sportswear Company (COLM) : Zebra Capital Management scooped up 16,555 additional shares in Columbia Sportswear Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 69,435 shares of Columbia Sportswear Company which is valued at $4,200,818.Columbia Sportswear Company makes up approximately 1.25% of Zebra Capital Management’s portfolio.

Other Hedge Funds, Including , Millennium Management added COLM to its portfolio by purchasing 20,762 company shares during the most recent quarter which is valued at $1,256,101.Credit Agricole S A boosted its stake in COLM in the latest quarter, The investment management firm added 996 additional shares and now holds a total of 69,766 shares of Columbia Sportswear Company which is valued at $4,098,753. Columbia Sportswear Company makes up approx 0.01% of Credit Agricole S A’s portfolio.California State Teachers Retirement System boosted its stake in COLM in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 57,167 shares of Columbia Sportswear Company which is valued at $3,300,823. Columbia Sportswear Company makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Hl Financial Services reduced its stake in COLM by selling 123 shares or 2.89% in the most recent quarter. The Hedge Fund company now holds 4,140 shares of COLM which is valued at $240,451. Columbia Sportswear Company makes up approx 0.01% of Hl Financial Services’s portfolio.

Columbia Sportswear Company closed down -1.31 points or -2.20% at $58.37 with 1,45,247 shares getting traded on Monday. Post opening the session at $59.59, the shares hit an intraday low of $58.09 and an intraday high of $59.59 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Columbia Sportswear Company reported $1.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $1.17. The company had revenue of $745.71 million for the quarter, compared to analysts expectations of $770.47 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.28 EPS.

Many Wall Street Analysts have commented on Columbia Sportswear Company. Wedbush Initiated Columbia Sportswear Company on Nov 2, 2016 to “Outperform”, Price Target of the shares are set at $67.Columbia Sportswear Company was Initiated by Buckingham Research to “Neutral” on Oct 20, 2016. Columbia Sportswear Company was Initiated by Guggenheim to “Buy” on Sep 30, 2016.

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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