Universal Beteiligungs und Servicegesellschaft mbH Buys 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 purchased 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,573 shares of the textile maker's stock, valued at approximately $952,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in COLM. Whipplewood Advisors LLC raised its stake in Columbia Sportswear by 12,400.0% in the first quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker's stock valued at $47,000 after buying an additional 620 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Columbia Sportswear during the fourth quarter worth about $76,000. Kapitalo Investimentos Ltda acquired a new stake in Columbia Sportswear during the fourth quarter worth about $139,000. Covestor Ltd grew its holdings in Columbia Sportswear by 13.0% during the fourth quarter. Covestor Ltd now owns 2,101 shares of the textile maker's stock worth $177,000 after acquiring an additional 241 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in Columbia Sportswear during the fourth quarter worth about $214,000. Institutional investors own 47.76% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on COLM shares. Citigroup dropped their target price on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, August 1st. Barclays dropped their price objective on Columbia Sportswear from $62.00 to $51.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Needham & Company LLC started coverage on Columbia Sportswear in a research report on Friday, May 30th. They issued a "hold" rating on the stock. Stifel Nicolaus reduced their price objective on Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Finally, UBS Group reduced their price objective on Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating on the stock in a research report on Friday, August 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Columbia Sportswear currently has a consensus rating of "Hold" and an average target price of $60.80.

Insider Transactions at Columbia Sportswear

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of Columbia Sportswear stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $65.94, for a total transaction of $183,049.44. Following the completion of the sale, the director directly owned 128,309 shares of the company's stock, valued at $8,460,695.46. The trade was a 2.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 48.30% of the stock is owned by company insiders.

Columbia Sportswear Stock Performance

Shares of NASDAQ COLM traded down $0.46 during trading on Wednesday, reaching $51.83. The stock had a trading volume of 257,479 shares, compared to its average volume of 777,637. Columbia Sportswear Company has a fifty-two week low of $48.10 and a fifty-two week high of $92.88. The business's 50-day moving average price is $60.82 and its 200-day moving average price is $70.35. The company has a market cap of $2.86 billion, a P/E ratio of 13.21, a PEG ratio of 3.47 and a beta of 1.00.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released 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 firm had revenue of $605.25 million during the quarter, compared to analysts' expectations of $587.97 million. During the same period in the previous year, the firm posted ($0.20) EPS. Columbia Sportswear's revenue for the quarter was up 6.1% on a year-over-year basis. Analysts forecast that Columbia Sportswear Company will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, August 21st. Columbia Sportswear's payout ratio is 30.61%.

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.