Columbia Sportswear Company $COLM Position Boosted by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC has significantly increased its stake in Columbia Sportswear Company, raising holdings by 175.1% to own 176,163 shares valued at approximately $13.33 million.
• Columbia Sportswear's earnings report showed a surprise profit with earnings per share of ($0.19), beating estimates and a revenue of $605.25 million, which is up 6.1% year-over-year.
• The company recently declared a quarterly dividend of $0.30 per share, reflecting an annualized dividend yield of 2.1%, with a current payout ratio of 30.61%.

Gotham Asset Management LLC lifted its stake in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 175.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 176,163 shares of the textile maker's stock after purchasing an additional 112,127 shares during the quarter. Gotham Asset Management LLC owned about 0.32% of Columbia Sportswear worth $13,334,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Columbia Sportswear during the first quarter valued at about $38,000. Quarry LP bought a new stake in shares of Columbia Sportswear during the first quarter valued at about $44,000. Whipplewood Advisors LLC raised its stake in shares of Columbia Sportswear by 12,400.0% during the first quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker's stock valued at $47,000 after purchasing an additional 620 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Columbia Sportswear by 1,943.2% during the first quarter. Caitong International Asset Management Co. Ltd now owns 899 shares of the textile maker's stock valued at $68,000 after purchasing an additional 855 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Columbia Sportswear during the fourth quarter valued at about $76,000. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Price Performance

NASDAQ COLM traded down $1.54 on Friday, hitting $54.15. 121,318 shares of the company were exchanged, compared to its average volume of 765,494. The company's 50 day moving average price is $56.71 and its 200-day moving average price is $64.56. The firm has a market capitalization of $2.97 billion, a P/E ratio of 13.81 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.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The textile maker reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.09. The firm had revenue of $605.25 million for the quarter, compared to the consensus estimate of $587.97 million. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%.The business's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.20) EPS. 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 EPS for the current year.

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.2%. The ex-dividend date was Thursday, August 21st. Columbia Sportswear's payout ratio is presently 30.61%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on COLM shares. UBS Group cut their price objective on shares of Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating on the stock in a research note on Friday, August 1st. Barclays dropped their price target on shares of Columbia Sportswear from $62.00 to $51.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Cfra Research upgraded shares of Columbia Sportswear to a "hold" rating in a research report on Monday, August 4th. Stifel Nicolaus dropped their price target on shares of Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Finally, Needham & Company LLC started coverage on shares of Columbia Sportswear in a research report on Friday, May 30th. They issued a "hold" rating on the stock. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.