Gallacher Capital Management LLC Purchases New Holdings 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 stake in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,407 shares of the textile maker's stock, valued at approximately $636,000.

Several other institutional investors also recently bought and sold shares of the stock. Voya Investment Management LLC raised its holdings in Columbia Sportswear by 50.1% during the first quarter. Voya Investment Management LLC now owns 27,401 shares of the textile maker's stock valued at $2,074,000 after buying an additional 9,142 shares in the last quarter. Invst LLC acquired a new position in shares of Columbia Sportswear during the 1st quarter worth about $582,000. Strs Ohio acquired a new position in shares of Columbia Sportswear during the 1st quarter worth about $1,527,000. Jane Street Group LLC lifted its position in shares of Columbia Sportswear by 125.0% during the 1st quarter. Jane Street Group LLC now owns 115,294 shares of the textile maker's stock worth $8,727,000 after purchasing an additional 64,046 shares during the last quarter. Finally, Bayforest Capital Ltd lifted its position in shares of Columbia Sportswear by 1,133.6% during the 1st quarter. Bayforest Capital Ltd now owns 7,377 shares of the textile maker's stock worth $558,000 after purchasing an additional 6,779 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Stock Performance

COLM stock traded down $0.94 during midday trading on Friday, hitting $53.47. 137,026 shares of the company's stock were exchanged, compared to its average volume of 764,403. The stock's fifty day moving average price is $55.77 and its 200-day moving average price is $63.37. The company has a market cap of $2.93 billion, a PE ratio of 13.72 and a beta of 0.96. Columbia Sportswear Company has a one year low of $48.10 and a one year high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The textile maker reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.09. The firm had revenue of $605.25 million for the quarter, compared to the consensus estimate of $587.97 million. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%.The company's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the business 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 expect that Columbia Sportswear Company will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. Columbia Sportswear's dividend payout ratio is presently 30.61%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. 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 report on Friday, August 1st. Cfra Research raised Columbia Sportswear to a "hold" rating in a report on Monday, August 4th. UBS Group cut their price target on Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating for the company in a report on Friday, August 1st. Citigroup cut their price target on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, August 1st. Finally, Needham & Company LLC assumed coverage on Columbia Sportswear in a report on Friday, May 30th. They issued a "hold" rating for the company. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Columbia Sportswear currently has a consensus rating of "Hold" and a consensus target price of $60.80.

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.