Columbia Sportswear (NASDAQ:COLM) shares sold by Assenagon Asset Management SA


Assenagon Asset Management SA reduced its stake in the shares of Columbia Sportswear (NASDAQ:COLMGet a rating) by 90.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor held 7,637 shares of the textile maker after selling 73,768 shares during the quarter. Assenagon Asset Management SA’s holdings in Columbia Sportswear were worth $691,000 when it was last filed with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently increased or reduced their stakes in COLM. O Shares Investment Advisers LLC increased its position in Columbia Sportswear shares by 2.3% during the fourth quarter. O Shares Investment Advisers LLC now owns 5,610 shares of the textile maker worth $547,000 after acquiring 128 additional shares in the last quarter. Mutual of America Capital Management LLC increased its position in Columbia Sportswear shares by 0.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 30,923 shares of the textile maker worth $3,013,000 after acquiring 151 additional shares in the last quarter. Louisiana State Employees Retirement System increased its position in Columbia Sportswear shares by 2.2% during the first quarter. The Louisiana State Employees Retirement System now owns 9,100 shares of the textile maker worth $817,000 after acquiring 200 more shares in the last quarter. Gotham Asset Management LLC increased its position in Columbia Sportswear shares by 6.1% during the fourth quarter. Gotham Asset Management LLC now owns 6,520 shares of the textile maker worth $635,000 after acquiring 373 additional shares in the last quarter. Finally, Greenwood Capital Associates LLC increased its position in Columbia Sportswear shares by 5.5% during the fourth quarter. Greenwood Capital Associates LLC now owns 7,493 shares of the textile maker worth $730,000 after acquiring 390 additional shares in the last quarter. Institutional investors and hedge funds own 48.65% of the company’s shares.

Insider Trading at Columbia Sportswear

In other news, Director Ronald E.Nelson sold 3,706 shares of Columbia Sportswear in a trade on Thursday, May 5. The stock was sold at an average price of $80.16, for a total transaction of $297,072.96. Following completion of the transaction, the administrator now owns 14,402 shares of the company, valued at approximately $1,154,464.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at this link. In other news, Director Stephen E. Babson sold 2,568 shares of Columbia Sportswear in a trade on Tuesday, May 3. The stock was sold at an average price of $81.14, for a total transaction of $208,367.52. Following completion of the transaction, the administrator now owns 112,627 shares of the company, valued at approximately $9,138,554.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at this link. Additionally, manager Ronald E. Nelson sold 3,706 shares of Columbia Sportswear in a trade on Thursday, May 5. The stock was sold at an average price of $80.16, for a total value of $297,072.96. As a result of the transaction, the administrator now directly owns 14,402 shares of the company, valued at approximately $1,154,464.32. Disclosure of this sale can be found here. Company insiders own 42.37% of the company’s shares.

Changes to analyst ratings

A number of brokerages have recently released reports on COLM. Cowen lowered his target price on Columbia Sportswear shares from $116.00 to $100.00 in a Friday, May 13 research report. Robert W. Baird lowered his price target on shares of Columbia Sportswear from $110.00 to $100.00 in a Friday, April 29 research report. Bank of America downgraded Columbia Sportswear shares from a ‘neutral’ to an ‘underperforming’ rating and lowered its price target for the company from $108.00 to $80.00 in a research report Friday, April 29. StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a Wednesday, July 6 research report. Finally, TheStreet downgraded shares of Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 research report. One analyst rated the stock with a sell rating, four issued a hold rating and four assigned the company a buy rating. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $103.43.

Columbia Sportswear Inventory Performance

Stock Columbia Sportswear opened at $73.35 on Monday. Columbia Sportswear has a one-year low of $68.29 and a one-year high of $107.50. The company has a fifty-day moving average of $74.99 and a two-hundred-day moving average of $85.28. The company has a market capitalization of $4.61 billion, a P/E ratio of 13.22, a price-to-earnings growth ratio of 1.48 and a beta of 0.91.

Columbia Sportswear (NASDAQ:COLMGet a rating) last released its results on Thursday, April 28. The textile maker reported EPS of $1.03 for the quarter, beating consensus analyst estimates of $0.86 by $0.17. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. The company posted revenue of $761.50 million in the quarter, versus a consensus estimate of $762.88 million. In the same quarter last year, the company earned earnings per share of $0.84. Columbia Sportswear’s quarterly revenue increased 21.7% compared to the same quarter last year. Sell-side analysts expect Columbia Sportswear to post EPS of 5.88 for the current year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 2. Shareholders of record on Thursday, May 19 received a dividend of $0.30 per share. This represents an annualized dividend of $1.20 and a dividend yield of 1.64%. The ex-dividend date was Wednesday, May 18. Columbia Sportswear’s dividend payout ratio (DPR) is currently 21.62%.

Profile Columbia Sportswear

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Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia- Pacific, Europe, Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.

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Institutional ownership by quarter for Columbia Sportswear (NASDAQ:COLM)



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