Bayforest Capital Ltd Sells 5,526 Shares of Columbia Sportswear Company $COLM

Key Points

• Bayforest Capital Ltd sold 5,526 shares of Columbia Sportswear Company, reducing its position by 74.9%, leaving it with 1,851 shares worth approximately $113,000.
• Columbia Sportswear reported a loss of $0.19 per share for the last quarter, beating analyst estimates of ($0.28), with revenues totaling $605.25 million, exceeding expectations.
• The company announced a quarterly dividend of $0.30 per share, which implies an annualized yield of 2.3% and a payout ratio of 30.61%.

Bayforest Capital Ltd reduced its position in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 74.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,851 shares of the textile maker's stock after selling 5,526 shares during the quarter. Bayforest Capital Ltd's holdings in Columbia Sportswear were worth $113,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Boston Trust Walden Corp lifted its position in Columbia Sportswear by 0.5% during the second quarter. Boston Trust Walden Corp now owns 1,198,524 shares of the textile maker's stock valued at $73,206,000 after purchasing an additional 5,491 shares during the last quarter. American Century Companies Inc. raised its position in Columbia Sportswear by 12.7% during the first quarter. American Century Companies Inc. now owns 997,013 shares of the textile maker's stock valued at $75,464,000 after purchasing an additional 112,282 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Columbia Sportswear in the 1st quarter worth approximately $39,222,000. AQR Capital Management LLC boosted its stake in Columbia Sportswear by 14.4% during the first quarter. AQR Capital Management LLC now owns 316,857 shares of the textile maker's stock worth $23,942,000 after buying an additional 39,865 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in Columbia Sportswear during the first quarter valued at $15,099,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

Columbia Sportswear Stock Performance

NASDAQ COLM opened at $52.23 on Friday. The company has a market cap of $2.86 billion, a PE ratio of 13.32 and a beta of 0.98. The firm's 50 day moving average price is $53.56 and its 200-day moving average price is $59.47. Columbia Sportswear Company has a 52-week low of $48.10 and a 52-week high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its earnings results on Thursday, July 31st. The textile maker reported ($0.19) earnings per share for the quarter, topping analysts' consensus estimates of ($0.28) by $0.09. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%.The company had revenue of $605.25 million during the quarter, compared to analyst estimates of $587.97 million. During the same quarter in the prior year, the business earned ($0.20) earnings per share. Columbia Sportswear's 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. On average, analysts forecast that Columbia Sportswear Company will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $1.20 dividend on an annualized basis and a yield of 2.3%. Columbia Sportswear's dividend payout ratio is presently 30.61%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on COLM shares. Zacks Research cut shares of Columbia Sportswear from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 30th. UBS Group cut their price objective on Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating on the stock in a research report on Friday, August 1st. Citigroup decreased their target price on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, August 1st. Stifel Nicolaus cut their price target on shares of Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Finally, Barclays decreased their price target on shares of Columbia Sportswear from $62.00 to $51.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $63.17.

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.

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