Allianz Asset Management GmbH Takes $2.80 Million Position in Columbia Sportswear Company (NASDAQ:COLM)

Allianz Asset Management GmbH acquired a new stake in Columbia Sportswear Company (NASDAQ:COLM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,999 shares of the textile maker's stock, valued at approximately $2,800,000. Allianz Asset Management GmbH owned 0.07% of Columbia Sportswear at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kingsview Wealth Management LLC acquired a new stake in shares of Columbia Sportswear during the 1st quarter worth about $2,551,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Columbia Sportswear in the 1st quarter valued at about $15,099,000. Edgestream Partners L.P. purchased a new position in shares of Columbia Sportswear in the 1st quarter valued at about $2,202,000. Alps Advisors Inc. boosted its stake in shares of Columbia Sportswear by 7.8% in the 1st quarter. Alps Advisors Inc. now owns 81,295 shares of the textile maker's stock valued at $6,153,000 after buying an additional 5,856 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of Columbia Sportswear by 18.4% in the 1st quarter. Crossmark Global Holdings Inc. now owns 42,989 shares of the textile maker's stock valued at $3,254,000 after buying an additional 6,693 shares during the period. 47.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Stifel Nicolaus decreased their price objective on Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating for the company in a research note on Friday. UBS Group decreased their price objective on Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating for the company in a research note on Friday. Citigroup decreased their price objective on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Friday. Barclays decreased their target price on Columbia Sportswear from $62.00 to $51.00 and set an "equal weight" rating for the company in a research note on Friday. Finally, Needham & Company LLC started coverage on Columbia Sportswear in a research note on Friday, May 30th. They set a "hold" rating for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $60.80.

Columbia Sportswear Trading Down 12.9%

COLM stock traded down $7.27 during trading on Friday, hitting $49.30. 2,604,862 shares of the company's stock were exchanged, compared to its average volume of 778,812. The business has a 50-day moving average price of $61.81 and a two-hundred day moving average price of $71.29. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 3.96 and a beta of 0.97. Columbia Sportswear Company has a 52-week low of $48.10 and a 52-week high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The textile maker reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.09. The company had revenue of $605.25 million for the quarter, compared to analyst estimates of $587.97 million. Columbia Sportswear had a return on equity of 12.57% and a net margin of 6.61%. The firm's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.20) earnings per share. On average, equities research analysts anticipate that Columbia Sportswear Company will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.20 annualized dividend and a yield of 2.4%. Columbia Sportswear's payout ratio is 30.69%.

Insider Buying and Selling

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of Columbia Sportswear stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $65.94, for a total transaction of $183,049.44. Following the transaction, the director owned 128,309 shares of the company's stock, valued at $8,460,695.46. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 48.30% of the stock is currently owned by company insiders.

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.