75,732 Shares in Columbia Sportswear (NASDAQ:COLM) Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new position in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 75,732 shares of the textile maker's stock, valued at approximately $6,356,000. Assenagon Asset Management S.A. owned approximately 0.13% of Columbia Sportswear at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of COLM. Pacer Advisors Inc. boosted its position in Columbia Sportswear by 19.8% during the third quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker's stock worth $147,544,000 after acquiring an additional 292,716 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Columbia Sportswear by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,195,386 shares of the textile maker's stock worth $94,530,000 after purchasing an additional 56,348 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Columbia Sportswear by 0.8% in the third quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker's stock valued at $50,328,000 after purchasing an additional 4,727 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Columbia Sportswear by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 550,622 shares of the textile maker's stock valued at $45,806,000 after purchasing an additional 1,758 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in Columbia Sportswear by 39.6% during the third quarter. New York State Common Retirement Fund now owns 259,406 shares of the textile maker's stock worth $21,580,000 after buying an additional 73,602 shares during the period. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Columbia Sportswear Stock Performance

Shares of NASDAQ:COLM traded up $0.78 during trading on Monday, reaching $83.62. 267,862 shares of the stock were exchanged, compared to its average volume of 391,784. Columbia Sportswear has a 12-month low of $73.04 and a 12-month high of $91.30. The firm's 50-day moving average price is $85.57 and its 200 day moving average price is $82.26. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 3.17 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.20. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The company had revenue of $931.80 million during the quarter, compared to the consensus estimate of $937.17 million. During the same period in the previous year, the firm earned $1.70 earnings per share. Columbia Sportswear's revenue for the quarter was down 5.5% on a year-over-year basis. As a group, equities research analysts forecast that Columbia Sportswear will post 3.89 EPS for the current year.

Columbia Sportswear Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have commented on the company. TD Cowen lifted their price target on Columbia Sportswear from $70.00 to $84.00 and gave the company a "hold" rating in a report on Tuesday, November 26th. Stifel Nicolaus boosted their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Finally, StockNews.com raised shares of Columbia Sportswear from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $80.75.

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.