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

Key Points

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Vanguard Group Inc. cut its holdings in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,011,802 shares of the textile maker's stock after selling 18,743 shares during the quarter. Vanguard Group Inc. owned approximately 5.46% of Columbia Sportswear worth $227,963,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in COLM. Massachusetts Financial Services Co. MA purchased a new stake in shares of Columbia Sportswear during the 1st quarter valued at $15,099,000. Millennium Management LLC purchased a new stake in shares of Columbia Sportswear during the 4th quarter valued at $9,626,000. Northern Trust Corp increased its position in shares of Columbia Sportswear by 19.2% during the 4th quarter. Northern Trust Corp now owns 379,016 shares of the textile maker's stock valued at $31,811,000 after purchasing an additional 61,088 shares during the last quarter. GAMMA Investing LLC increased its position 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 purchasing an additional 51,853 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Columbia Sportswear by 491.8% during the 4th quarter. Jane Street Group LLC now owns 51,248 shares of the textile maker's stock valued at $4,301,000 after purchasing an additional 42,588 shares during the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

COLM has been the subject of several research analyst reports. Barclays decreased their target price on 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. Cfra Research upgraded Columbia Sportswear to a "hold" rating in a research note on Monday, August 4th. Needham & Company LLC initiated coverage on Columbia Sportswear in a research note on Friday, May 30th. They set a "hold" rating for the company. Citigroup cut their price target on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Friday, August 1st. Finally, Stifel Nicolaus cut their price target 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. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $60.80.

Columbia Sportswear Stock Performance

NASDAQ COLM traded up $2.96 during trading hours on Friday, hitting $56.52. The company had a trading volume of 653,556 shares, compared to its average volume of 783,228. Columbia Sportswear Company has a 52 week low of $48.10 and a 52 week high of $92.88. The firm has a 50 day simple moving average of $58.28 and a 200 day simple moving average of $67.22. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 14.42 and a beta of 1.00.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its earnings results on Thursday, July 31st. The textile maker reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.09. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%.The business had revenue of $605.25 million during the quarter, compared to the consensus estimate of $587.97 million. During the same quarter last year, the company earned ($0.20) EPS. The firm's revenue was up 6.1% compared to the same quarter last year. Columbia Sportswear has set its Q3 2025 guidance at 1.000-1.200 EPS. FY 2025 guidance at EPS. On average, research analysts forecast that Columbia Sportswear Company will post 4.1 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, August 21st. Columbia Sportswear's dividend payout ratio (DPR) is 30.61%.

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.