Comerica Bank Has $1.32 Million Position in Columbia Sportswear Company $COLM

Key Points

• Comerica Bank reduced its holdings in Columbia Sportswear Company by 31.4% during the first quarter, now owning a total of 17,375 shares valued at $1.315 million.
• Columbia Sportswear reported a quarterly loss of ($0.19) EPS, exceeding analyst expectations, with revenues increasing by 6.1% year-over-year to $605.25 million.
• The company also announced a quarterly dividend of $0.30 per share, representing an annual yield of 2.1%, with a payout ratio of 30.61%.

Comerica Bank lowered its holdings in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 31.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,375 shares of the textile maker's stock after selling 7,943 shares during the quarter. Comerica Bank's holdings in Columbia Sportswear were worth $1,315,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Columbia Sportswear in the 1st quarter valued at approximately $38,000. Whipplewood Advisors LLC raised its holdings in shares of Columbia Sportswear by 12,400.0% in 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 during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Columbia Sportswear by 1,943.2% in 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 during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Columbia Sportswear in the fourth quarter valued at approximately $76,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Columbia Sportswear in the fourth quarter valued at approximately $214,000. Institutional investors and hedge funds own 47.76% of the company's stock.

Columbia Sportswear Trading Up 1.6%

Shares of NASDAQ COLM opened at $57.52 on Friday. Columbia Sportswear Company has a 12 month low of $48.10 and a 12 month high of $92.88. The stock has a 50 day moving average of $57.41 and a 200-day moving average of $65.76. The company has a market capitalization of $3.15 billion, a P/E ratio of 14.67 and a beta of 0.96.

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 company had revenue of $605.25 million during the quarter, compared to the consensus estimate of $587.97 million. During the same period in the previous year, the company posted ($0.20) EPS. The firm's revenue for the quarter 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. Analysts predict that Columbia Sportswear Company will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, August 21st. Columbia Sportswear's payout ratio is currently 30.61%.

Analyst Upgrades and Downgrades

COLM has been the topic of a number of recent research reports. Stifel Nicolaus lowered their price objective on shares of Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Needham & Company LLC initiated coverage on shares of Columbia Sportswear in a report on Friday, May 30th. They issued a "hold" rating on the stock. Barclays lowered their price target 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. UBS Group lowered their price target on Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating on the stock in a research report on Friday, August 1st. Finally, Citigroup lowered their price target on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average 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.

Want to see what other hedge funds are holding COLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbia Sportswear Company (NASDAQ:COLM - Free Report).

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.