Assenagon Asset Management S.A. Takes $6.36 Million Position in Columbia Sportswear (NASDAQ:COLM)

Assenagon Asset Management S.A. purchased a new position in shares of Columbia Sportswear (NASDAQ:COLM) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 75,732 shares of the textile maker’s stock, valued at approximately $6,356,000. Assenagon Asset Management S.A. owned about 0.13% of Columbia Sportswear as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Impax Asset Management Group plc lifted its position in shares of Columbia Sportswear by 79.2% during the 3rd quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker’s stock worth $7,530,000 after purchasing an additional 40,000 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Columbia Sportswear during the third quarter worth $7,676,000. MQS Management LLC bought a new stake in Columbia Sportswear in the 3rd quarter valued at $499,000. Crossmark Global Holdings Inc. raised its stake in shares of Columbia Sportswear by 113.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 36,481 shares of the textile maker’s stock valued at $3,034,000 after buying an additional 19,413 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Columbia Sportswear by 39.6% during the 3rd quarter. New York State Common Retirement Fund now owns 259,406 shares of the textile maker’s stock worth $21,580,000 after acquiring an additional 73,602 shares during the period. Institutional investors and hedge funds own 47.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on COLM shares. TD Cowen increased their price target on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Stifel Nicolaus upped their price objective on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Columbia Sportswear currently has an average rating of “Hold” and an average price target of $80.75.

Columbia Sportswear Stock Up 0.9 %

NASDAQ:COLM opened at $83.62 on Monday. The firm has a market cap of $4.78 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 3.17 and a beta of 0.93. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $91.30. The company’s 50-day moving average price is $85.57 and its two-hundred day moving average price is $82.26.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The business had revenue of $931.80 million for the quarter, compared to analyst estimates of $937.17 million. During the same period in the prior year, the company earned $1.70 EPS. Columbia Sportswear’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, research analysts expect that Columbia Sportswear will post 3.89 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a yield of 1.44%. Columbia Sportswear’s payout ratio is 33.15%.

Columbia Sportswear 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.