Columbia Sportswear Company $COLM Shares Sold by Rhumbline Advisers

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 lessened its holdings in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 6.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 123,562 shares of the textile maker's stock after selling 8,306 shares during the quarter. Rhumbline Advisers owned 0.22% of Columbia Sportswear worth $9,352,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several research analysts have commented on COLM shares. Barclays cut their price objective on 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. Stifel Nicolaus lowered their target price on Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Needham & Company LLC initiated coverage on shares of Columbia Sportswear in a research report on Friday, May 30th. They issued a "hold" rating for the company. Citigroup cut their price objective on shares of Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, August 1st. Finally, Cfra Research raised Columbia Sportswear to a "hold" rating in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $60.80.

Columbia Sportswear Stock Performance

Columbia Sportswear stock opened at $55.02 on Thursday. Columbia Sportswear Company has a 1 year low of $48.10 and a 1 year high of $92.88. The firm's 50-day moving average is $56.88 and its 200-day moving average is $64.82. The company has a market cap of $3.01 billion, a P/E ratio of 14.04 and a beta of 0.96.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $605.25 million for the quarter, compared to analyst estimates of $587.97 million. Columbia Sportswear had a net margin of 6.59% and a return on equity of 12.97%. Columbia Sportswear's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($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, sell-side analysts predict that Columbia Sportswear Company will post 4.1 earnings per share for the current year.

Columbia Sportswear Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.