Gallacher Capital Management LLC Makes New Investment in Columbia Sportswear Company $COLM

Key Points

• Gallacher Capital Management LLC has acquired a new position in Columbia Sportswear, purchasing 10,407 shares valued at approximately $636,000 in the 2nd quarter.
• Columbia Sportswear has recently received mixed analyst ratings, with one Buy, five Hold, and one Sell rating from various analysts, leading to an average rating of "Hold" and a target price of $60.80.
• The company reported a better-than-expected quarterly earnings performance, with $605.25 million in revenue and earnings per share of ($0.19), beating the consensus estimate by $0.09.

Gallacher Capital Management LLC bought a new position in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,407 shares of the textile maker's stock, valued at approximately $636,000.

Several other institutional investors and hedge funds also recently made changes to their positions in COLM. Jacobs Levy Equity Management Inc. acquired a new position in shares of Columbia Sportswear in the first quarter valued at approximately $39,222,000. Massachusetts Financial Services Co. MA acquired a new stake in Columbia Sportswear during the 1st quarter valued at approximately $15,099,000. Trexquant Investment LP acquired a new stake in Columbia Sportswear during the 1st quarter valued at approximately $10,834,000. Millennium Management LLC acquired a new stake in Columbia Sportswear during the 4th quarter valued at approximately $9,626,000. Finally, American Century Companies Inc. boosted its holdings in shares of Columbia Sportswear by 12.7% during the 1st quarter. American Century Companies Inc. now owns 997,013 shares of the textile maker's stock worth $75,464,000 after buying an additional 112,282 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on COLM shares. Needham & Company LLC started coverage on shares of Columbia Sportswear in a research report on Friday, May 30th. They issued a "hold" rating for the company. Cfra Research raised Columbia Sportswear to a "hold" rating in a research report on Monday, August 4th. 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. Stifel Nicolaus decreased their price objective on Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating for the company in a report on Friday, August 1st. Finally, UBS Group cut their target price on Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating for the company in a research note on Friday, August 1st. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $60.80.

Columbia Sportswear Stock Performance

Shares of COLM stock opened at $54.61 on Monday. Columbia Sportswear Company has a fifty-two week low of $48.10 and a fifty-two week high of $92.88. The stock has a 50 day moving average price of $56.53 and a two-hundred day moving average price of $63.94. The company has a market capitalization of $2.99 billion, a P/E ratio of 13.93 and a beta of 0.96.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The textile maker reported ($0.19) earnings per share for the quarter, beating 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 firm had revenue of $605.25 million during the quarter, compared to the consensus estimate of $587.97 million. During the same quarter in the previous year, the company posted ($0.20) earnings per share. The business's 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, equities 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 declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, August 21st. Columbia Sportswear's dividend payout ratio is presently 30.61%.

About Columbia Sportswear

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.

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