Goldman Sachs Group Inc. Cuts Position in Columbia Sportswear Company $COLM

Key Points

• Goldman Sachs Group Inc. reduced its stake in Columbia Sportswear by 17%, selling 14,449 shares, and now owns approximately 0.13% of the company valued at about $5.34 million.
• Analysts have lowered price targets for Columbia Sportswear, with Barclays reducing theirs from $62 to $51, while Citigroup lowered it from $64 to $61, indicating a cautious outlook for the stock.
• Columbia Sportswear reported better-than-expected earnings of ($0.19) per share and revenue of $605.25 million for the last quarter, exceeding analysts' expectations.

Goldman Sachs Group Inc. reduced its position in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 17.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 70,496 shares of the textile maker's stock after selling 14,449 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.13% of Columbia Sportswear worth $5,336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in COLM. Jacobs Levy Equity Management Inc. bought a new position in Columbia Sportswear in the 1st quarter worth $39,222,000. Massachusetts Financial Services Co. MA bought a new position in Columbia Sportswear in the 1st quarter worth $15,099,000. Trexquant Investment LP bought a new position in Columbia Sportswear in the 1st quarter worth $10,834,000. Millennium Management LLC bought a new position in Columbia Sportswear in the 4th quarter worth $9,626,000. Finally, American Century Companies Inc. raised its holdings in Columbia Sportswear by 12.7% in the 1st quarter. American Century Companies Inc. now owns 997,013 shares of the textile maker's stock worth $75,464,000 after purchasing an additional 112,282 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Price Performance

COLM traded down $1.05 during trading on Friday, reaching $53.35. 1,652,770 shares of the stock were exchanged, compared to its average volume of 701,228. Columbia Sportswear Company has a 1 year low of $48.10 and a 1 year high of $92.88. The business's 50 day moving average price is $55.61 and its two-hundred day moving average price is $63.16. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 13.61 and a beta of 0.96.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its 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 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 analyst estimates of $587.97 million. During the same period in the prior year, the firm posted ($0.20) earnings per share. The business's quarterly 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, analysts anticipate that Columbia Sportswear Company will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

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

Analysts Set New Price Targets

COLM has been the topic of a number of recent research reports. Barclays reduced their target price on shares of 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. Needham & Company LLC began coverage on shares of Columbia Sportswear in a research note on Friday, May 30th. They set a "hold" rating on the stock. Citigroup cut their price objective on shares of Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, August 1st. Cfra Research raised shares of Columbia Sportswear to a "hold" rating in a research note on Monday, August 4th. Finally, UBS Group dropped their price objective on shares of 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 analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $60.80.

Columbia Sportswear Company 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.