Columbia Sportswear Company $COLM Shares Sold by Comerica Bank

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 decreased its position in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 31.4% during the 1st quarter, according to its most recent 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 period. Comerica Bank's holdings in Columbia Sportswear were worth $1,315,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG increased its stake in Columbia Sportswear by 3.7% during the 4th quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker's stock worth $328,000 after buying an additional 141 shares during the period. Federated Hermes Inc. increased its position in shares of Columbia Sportswear by 4.8% in the 1st quarter. Federated Hermes Inc. now owns 5,241 shares of the textile maker's stock worth $397,000 after purchasing an additional 241 shares during the last quarter. Procyon Advisors LLC increased its position in shares of Columbia Sportswear by 8.3% in the 1st quarter. Procyon Advisors LLC now owns 3,605 shares of the textile maker's stock worth $273,000 after purchasing an additional 276 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Columbia Sportswear by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 73,810 shares of the textile maker's stock worth $5,587,000 after purchasing an additional 324 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its position in shares of Columbia Sportswear by 1.3% in the 1st quarter. GHP Investment Advisors Inc. now owns 27,581 shares of the textile maker's stock worth $2,088,000 after purchasing an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 47.76% of the company's stock.

Columbia Sportswear Stock Performance

Shares of NASDAQ COLM traded down $0.22 during midday trading on Wednesday, hitting $55.02. The company's stock had a trading volume of 865,060 shares, compared to its average volume of 676,187. Columbia Sportswear Company has a 1-year low of $48.10 and a 1-year high of $92.88. The firm's fifty day moving average price is $56.88 and its 200-day moving average price is $64.82. The firm 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 posted its quarterly earnings results on Thursday, July 31st. The textile maker reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.09. Columbia Sportswear had a net margin of 6.59% and a return on equity of 12.97%. The business had revenue of $605.25 million during the quarter, compared to analyst estimates of $587.97 million. During the same period in the previous year, the business posted ($0.20) EPS. The company's quarterly 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. As a group, research analysts predict that Columbia Sportswear Company will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

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%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on COLM. Cfra Research raised shares of Columbia Sportswear to a "hold" rating in a research report on Monday, August 4th. Citigroup dropped their target price on shares of Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, August 1st. Stifel Nicolaus dropped their target price on shares of Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating for the company in a research report on Friday, August 1st. UBS Group dropped their target price on shares of 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, Needham & Company LLC began coverage on shares of Columbia Sportswear in a research report on Friday, May 30th. They issued a "hold" rating for the company. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus 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.