Bayforest Capital Ltd Grows Stock Holdings in Columbia Sportswear Company $COLM

Key Points

• Bayforest Capital Ltd significantly increased its stake in Columbia Sportswear by acquiring an additional 6,779 shares, raising its share ownership by 1,133.6% during the first quarter, now owning a total of 7,377 shares valued at $558,000.
• Several institutional investors, including Deutsche Bank AG and GAMMA Investing LLC, also made notable increases to their positions in Columbia Sportswear, with GAMMA investing as much as $3,970,000 for 52,453 shares.
• Columbia Sportswear's recent quarterly earnings surpassed expectations, reporting an EPS of ($0.19) against a consensus estimate of ($0.28), while projecting a full-year guidance of 4.1 EPS.

Bayforest Capital Ltd raised its holdings in Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 1,133.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,377 shares of the textile maker's stock after acquiring an additional 6,779 shares during the period. Bayforest Capital Ltd's holdings in Columbia Sportswear were worth $558,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Deutsche Bank AG raised its holdings in Columbia Sportswear by 449.1% in the 1st quarter. Deutsche Bank AG now owns 21,477 shares of the textile maker's stock valued at $1,626,000 after acquiring an additional 17,566 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Columbia Sportswear by 287.2% during the 1st quarter. State of Alaska Department of Revenue now owns 39,143 shares of the textile maker's stock worth $2,962,000 after buying an additional 29,035 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Columbia Sportswear by 8,642.2% during the 1st quarter. GAMMA Investing LLC now owns 52,453 shares of the textile maker's stock worth $3,970,000 after buying an additional 51,853 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Columbia Sportswear during the 1st quarter worth approximately $10,834,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Columbia Sportswear during the 1st quarter worth approximately $518,000. Institutional investors and hedge funds own 47.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on COLM shares. UBS Group cut their price target on shares of Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating for the company in a report on Friday, August 1st. Needham & Company LLC started coverage on shares of Columbia Sportswear in a report on Friday, May 30th. They set a "hold" rating for the company. Stifel Nicolaus cut their price target on shares of Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating for the company in a report on Friday, August 1st. Cfra Research upgraded shares of Columbia Sportswear to a "hold" rating in a report on Monday, August 4th. Finally, Citigroup cut their price target on shares of Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $60.80.

Columbia Sportswear Stock Performance

Shares of NASDAQ:COLM traded down $1.08 during trading on Friday, hitting $54.61. The company's stock had a trading volume of 540,535 shares, compared to its average volume of 686,903. The business has a 50 day moving average price of $56.53 and a two-hundred day moving average price of $64.12. The company has a market capitalization of $2.99 billion, a PE ratio of 13.93 and a beta of 0.96. Columbia Sportswear Company has a fifty-two week low of $48.10 and a fifty-two week high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its quarterly 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. The business had revenue of $605.25 million during the quarter, compared to the consensus estimate of $587.97 million. Columbia Sportswear had a net margin of 6.59% and a return on equity of 12.97%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.20) earnings per share. Columbia Sportswear has set its Q3 2025 guidance at 1.000-1.200 EPS. FY 2025 guidance at EPS. As a group, equities analysts expect that Columbia Sportswear Company will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was 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.