Rhumbline Advisers Lowers Stock Position in Columbia Sportswear Company $COLM

Key Points

• Rhumbline Advisers has decreased its stake in Columbia Sportswear by 6.3%, now owning 123,562 shares valued at approximately $9.35 million.
• Numerous hedge funds have increased their investments, with Deutsche Bank boosting its stake by 449.1% during the first quarter.
• Columbia Sportswear reported better-than-expected earnings of ($0.19) per share, exceeding the consensus estimate by $0.09 and showing 6.1% year-over-year revenue growth.

Rhumbline Advisers lowered its position in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 6.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,562 shares of the textile maker's stock after selling 8,306 shares during the quarter. Rhumbline Advisers owned approximately 0.22% of Columbia Sportswear worth $9,352,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Deutsche Bank AG raised its holdings in shares of Columbia Sportswear by 3.7% during the fourth quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker's stock valued at $328,000 after acquiring an additional 141 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Columbia Sportswear by 4.8% during the first quarter. Federated Hermes Inc. now owns 5,241 shares of the textile maker's stock valued at $397,000 after acquiring an additional 241 shares during the last quarter. Procyon Advisors LLC grew its position in shares of Columbia Sportswear by 8.3% in the first quarter. Procyon Advisors LLC now owns 3,605 shares of the textile maker's stock valued at $273,000 after purchasing an additional 276 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Columbia Sportswear by 0.4% in the first quarter. Principal Financial Group Inc. now owns 73,810 shares of the textile maker's stock valued at $5,587,000 after purchasing an additional 324 shares in the last quarter. Finally, GHP Investment Advisors Inc. grew its position in Columbia Sportswear by 1.3% in the first quarter. GHP Investment Advisors Inc. now owns 27,581 shares of the textile maker's stock worth $2,088,000 after acquiring an additional 360 shares during the period. Institutional investors and hedge funds own 47.76% of the company's stock.

Columbia Sportswear Stock Performance

Shares of COLM stock traded down $0.42 during mid-day trading on Tuesday, hitting $53.70. 289,281 shares of the stock were exchanged, compared to its average volume of 765,127. The stock's fifty day simple moving average is $56.35 and its two-hundred day simple moving average is $63.72. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 13.70 and a beta of 0.96. Columbia Sportswear Company has a 12-month low of $48.10 and a 12-month high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The textile maker reported ($0.19) earnings per share (EPS) 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 firm had revenue of $605.25 million for the quarter, compared to analyst estimates of $587.97 million. During the same quarter last year, the company posted ($0.20) earnings per share. The business'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, research analysts expect that Columbia Sportswear Company will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued 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 dividend yield of 2.2%. Columbia Sportswear's dividend payout ratio (DPR) is currently 30.61%.

Analyst Ratings Changes

COLM has been the subject of several analyst reports. Cfra Research upgraded Columbia Sportswear to a "hold" rating in a research report on Monday, August 4th. Stifel Nicolaus lowered their price objective on Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Needham & Company LLC initiated coverage on Columbia Sportswear in a research report on Friday, May 30th. They issued a "hold" rating for the company. UBS Group lowered their price objective on Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating for the company in a research report on Friday, August 1st. Finally, Citigroup lowered their price objective 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. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company 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.