Allianz Asset Management GmbH Acquires 86,256 Shares of Columbia Sportswear Company $COLM

Key Points

• Allianz Asset Management GmbH significantly increased its stake in Columbia Sportswear Company by 233.1%, acquiring an additional 86,256 shares, bringing its total holdings to approximately $7.5 million.
• Columbia Sportswear recently reported earnings of ($0.19) per share, surpassing analyst estimates, along with a revenue growth of 6.1% year-over-year.
• The company announced a quarterly dividend of $0.30, resulting in an annualized dividend of $1.20, which translates to a yield of 2.2% based on current stock prices.

Allianz Asset Management GmbH lifted its holdings in Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 233.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 123,255 shares of the textile maker's stock after purchasing an additional 86,256 shares during the period. Allianz Asset Management GmbH owned about 0.22% of Columbia Sportswear worth $7,528,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Columbia Sportswear in the 1st quarter worth approximately $38,000. Jones Financial Companies Lllp lifted its stake in shares of Columbia Sportswear by 208.3% in the 1st quarter. Jones Financial Companies Lllp now owns 555 shares of the textile maker's stock worth $42,000 after purchasing an additional 375 shares during the period. Quarry LP bought a new position in shares of Columbia Sportswear in the 1st quarter worth approximately $44,000. Caitong International Asset Management Co. Ltd increased its holdings in Columbia Sportswear by 1,943.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 899 shares of the textile maker's stock worth $68,000 after acquiring an additional 855 shares in the last quarter. Finally, CWM LLC increased its holdings in Columbia Sportswear by 118.3% in the 2nd quarter. CWM LLC now owns 1,489 shares of the textile maker's stock worth $91,000 after acquiring an additional 807 shares in the last quarter. Institutional investors own 47.76% of the company's stock.

Columbia Sportswear Price Performance

Shares of COLM opened at $54.20 on Wednesday. Columbia Sportswear Company has a 1 year low of $48.10 and a 1 year high of $92.88. The company has a 50 day simple moving average of $53.70 and a two-hundred day simple moving average of $59.14. The firm has a market cap of $2.97 billion, a P/E ratio of 13.83 and a beta of 0.98.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The textile maker reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.28) by $0.09. Columbia Sportswear had a net margin of 6.59% and a return on equity of 12.97%. The business had revenue of $605.25 million during the quarter, compared to analyst estimates of $587.97 million. During the same period last year, the firm posted ($0.20) EPS. The company's revenue was up 6.1% on a year-over-year basis. Columbia Sportswear has set its Q3 2025 guidance at 1.000-1.200 EPS. FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Columbia Sportswear Company will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.2%. Columbia Sportswear's dividend payout ratio (DPR) is 30.61%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Cfra Research raised shares of Columbia Sportswear to a "hold" rating in a report on Monday, August 4th. Zacks Research lowered shares of Columbia Sportswear from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 30th. Stifel Nicolaus reduced their target price on shares of Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating for the company in a report on Friday, August 1st. Citigroup reduced their target price on shares of Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, August 1st. Finally, UBS Group reduced their target price on shares of Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating for the company in a report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $63.17.

Columbia Sportswear Company 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.

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