Nuveen LLC Buys Shares of 65,804 Columbia Sportswear Company $COLM

Key Points

• Nuveen LLC purchased 65,804 shares of Columbia Sportswear, valued at approximately $4.98 million, indicating increasing institutional interest in the company.
• Columbia Sportswear reported a 6.1% increase in quarterly revenue year-over-year, with earnings per share of ($0.19), surpassing estimates.
• The company declared a quarterly dividend of $0.30 per share, yielding 2.2%, with a payout ratio of 30.61%.

Nuveen LLC acquired a new position in Columbia Sportswear Company (NASDAQ:COLM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 65,804 shares of the textile maker's stock, valued at approximately $4,981,000. Nuveen LLC owned about 0.12% of Columbia Sportswear as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA acquired a new position in Columbia Sportswear in the 1st quarter worth approximately $15,099,000. Millennium Management LLC acquired a new stake in Columbia Sportswear during the 4th quarter valued at approximately $9,626,000. Northern Trust Corp boosted its holdings in shares of Columbia Sportswear by 19.2% in the 4th quarter. Northern Trust Corp now owns 379,016 shares of the textile maker's stock valued at $31,811,000 after acquiring an additional 61,088 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Columbia Sportswear by 8,642.2% in the first quarter. GAMMA Investing LLC now owns 52,453 shares of the textile maker's stock worth $3,970,000 after acquiring an additional 51,853 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of Columbia Sportswear by 491.8% during the fourth quarter. Jane Street Group LLC now owns 51,248 shares of the textile maker's stock worth $4,301,000 after purchasing an additional 42,588 shares during the last quarter. Institutional investors and hedge funds own 47.76% of the company's stock.

Columbia Sportswear Trading Up 1.2%

COLM traded up $0.68 during trading on Monday, hitting $55.72. The company's stock had a trading volume of 865,134 shares, compared to its average volume of 696,159. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 14.21 and a beta of 0.96. Columbia Sportswear Company has a twelve month low of $48.10 and a twelve month high of $92.88. The business's fifty day simple moving average is $57.66 and its 200 day simple moving average is $66.08.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its earnings results on Thursday, July 31st. The textile maker reported ($0.19) earnings per share 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 business had revenue of $605.25 million during the quarter, compared to the consensus estimate of $587.97 million. During the same period in the prior year, the company posted ($0.20) EPS. The business's quarterly revenue was up 6.1% on a year-over-year basis. Columbia Sportswear has set its Q3 2025 guidance at 1.000-1.200 EPS. FY 2025 guidance at EPS. As a group, equities research analysts forecast that Columbia Sportswear Company will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be given a $0.30 dividend. The ex-dividend date is Thursday, August 21st. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. Columbia Sportswear's dividend payout ratio (DPR) is 30.61%.

Analyst Ratings Changes

A number of research firms recently issued reports on COLM. Needham & Company LLC began coverage on shares of Columbia Sportswear in a research report on Friday, May 30th. They set a "hold" rating for the company. Citigroup decreased their price objective on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, August 1st. UBS Group lowered their target price on Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating on the stock in a research note on Friday, August 1st. Cfra Research upgraded Columbia Sportswear to a "hold" rating in a research report on Monday, August 4th. Finally, Barclays decreased their price target on Columbia Sportswear from $62.00 to $51.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Columbia Sportswear presently has a consensus rating of "Hold" and a consensus price target of $60.80.

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.