Vanguard Group Inc. Sells 18,743 Shares of Columbia Sportswear Company $COLM

Key Points

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Vanguard Group Inc. decreased its position in Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,011,802 shares of the textile maker's stock after selling 18,743 shares during the period. Vanguard Group Inc. owned approximately 5.46% of Columbia Sportswear worth $227,963,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC grew its position in Columbia Sportswear by 37.8% in the 4th quarter. LPL Financial LLC now owns 3,429 shares of the textile maker's stock worth $288,000 after purchasing an additional 941 shares during the period. Cerity Partners LLC bought a new stake in shares of Columbia Sportswear in the fourth quarter worth $296,000. Bank of Montreal Can grew its holdings in shares of Columbia Sportswear by 10.6% in the fourth quarter. Bank of Montreal Can now owns 7,510 shares of the textile maker's stock worth $630,000 after acquiring an additional 718 shares during the period. Raymond James Financial Inc. purchased a new stake in Columbia Sportswear during the fourth quarter valued at $1,904,000. Finally, Mariner LLC boosted its position in Columbia Sportswear by 24.7% in the fourth quarter. Mariner LLC now owns 5,014 shares of the textile maker's stock worth $421,000 after purchasing an additional 992 shares during the last quarter. Institutional investors own 47.76% of the company's stock.

Columbia Sportswear Stock Up 5.4%

COLM stock traded up $2.8660 during midday trading on Friday, hitting $56.4260. The company's stock had a trading volume of 301,022 shares, compared to its average volume of 768,706. Columbia Sportswear Company has a 12 month low of $48.10 and a 12 month high of $92.88. The company has a 50 day moving average of $58.34 and a two-hundred day moving average of $67.51. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 14.38 and a beta of 1.00.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The textile maker reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.28) by $0.09. The company had revenue of $605.25 million for 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%. Columbia Sportswear's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.20) EPS. Columbia Sportswear has set its Q3 2025 guidance at 1.000-1.200 EPS. FY 2025 guidance at EPS. On average, analysts anticipate that Columbia Sportswear Company will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.20 dividend on an annualized basis and a yield of 2.1%. Columbia Sportswear's payout ratio is presently 30.61%.

Wall Street Analysts Forecast Growth

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

Columbia Sportswear 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.