Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 12,573 Columbia Sportswear Company (NASDAQ:COLM)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has established a new position in Columbia Sportswear Company, purchasing 12,573 shares valued at approximately $952,000.
• Recent analyst ratings for Columbia Sportswear indicate a consensus of "Hold" with a target price of $60.80, following multiple reductions from firms like Citigroup and UBS Group.
• Columbia Sportswear announced a quarterly dividend of $0.30 per share, reflecting a 2.4% yield, with the payment scheduled for September 4th.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,573 shares of the textile maker's stock, valued at approximately $952,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Columbia Sportswear during the fourth quarter worth about $25,710,000. Arrowstreet Capital Limited Partnership raised its position in shares of Columbia Sportswear by 447.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 294,471 shares of the textile maker's stock worth $24,715,000 after purchasing an additional 240,709 shares during the period. Barclays PLC raised its position in shares of Columbia Sportswear by 487.8% during the fourth quarter. Barclays PLC now owns 271,293 shares of the textile maker's stock worth $22,770,000 after purchasing an additional 225,140 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of Columbia Sportswear during the first quarter worth about $15,099,000. Finally, Millennium Management LLC acquired a new stake in shares of Columbia Sportswear during the fourth quarter worth about $9,626,000. Institutional investors own 47.76% of the company's stock.

Columbia Sportswear Price Performance

COLM stock traded down $7.27 during mid-day trading on Friday, reaching $49.30. The company had a trading volume of 2,604,862 shares, compared to its average volume of 689,453. The stock has a 50 day simple moving average of $61.35 and a two-hundred day simple moving average of $70.70. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 3.33 and a beta of 1.00. 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 issued its 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. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%. The company had revenue of $605.25 million during the quarter, compared to the consensus estimate of $587.97 million. During the same period in the previous year, the company posted ($0.20) EPS. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities analysts predict that Columbia Sportswear Company will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be paid a $0.30 dividend. The ex-dividend date is Thursday, August 21st. This represents a $1.20 annualized dividend and a yield of 2.4%. Columbia Sportswear's payout ratio is 30.61%.

Insider Transactions at Columbia Sportswear

In related news, Director Stephen E. Babson sold 2,776 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $65.94, for a total value of $183,049.44. Following the completion of the sale, the director directly owned 128,309 shares in the company, valued at $8,460,695.46. The trade was a 2.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 48.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

COLM has been the topic of a number of research analyst reports. Needham & Company LLC initiated coverage on Columbia Sportswear in a research report on Friday, May 30th. They set a "hold" rating on the stock. UBS Group dropped their target price on Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating on the stock in a research report on Friday. Stifel Nicolaus dropped their target price on Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating on the stock in a research report on Friday. Citigroup dropped their target price on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, Barclays dropped their target price on Columbia Sportswear from $62.00 to $51.00 and set an "equal weight" rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $60.80.

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.