Goldman Sachs Group Inc. Sells 14,449 Shares of 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. lessened its stake in Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 17.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of COLM. Cetera Investment Advisers bought a new position in shares of Columbia Sportswear in the fourth quarter valued at approximately $214,000. Deutsche Bank AG lifted its holdings in Columbia Sportswear by 3.7% during the fourth quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker's stock worth $328,000 after acquiring an additional 141 shares during the period. Janus Henderson Group PLC lifted its holdings in Columbia Sportswear by 10.5% during the fourth quarter. Janus Henderson Group PLC now owns 15,832 shares of the textile maker's stock worth $1,329,000 after acquiring an additional 1,500 shares during the period. Lazard Asset Management LLC bought a new stake in Columbia Sportswear during the fourth quarter worth $76,000. Finally, Millennium Management LLC bought a new stake in Columbia Sportswear during the fourth quarter worth $9,626,000. Institutional investors own 47.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays dropped their price target on Columbia Sportswear from $62.00 to $51.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Needham & Company LLC began coverage on Columbia Sportswear in a research note on Friday, May 30th. They issued a "hold" rating on the stock. UBS Group lowered their target price on Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating on the stock in a research note on Friday, August 1st. Citigroup lowered their target price on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, August 1st. Finally, Stifel Nicolaus lowered their target price on Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Columbia Sportswear presently has an average rating of "Hold" and an average target price of $60.80.

Columbia Sportswear Stock Performance

Shares of NASDAQ COLM opened at $54.11 on Tuesday. The stock has a market cap of $2.96 billion, a PE ratio of 13.80 and a beta of 0.96. 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 fifty day moving average of $56.35 and a 200-day moving average of $63.72.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $605.25 million during the quarter, compared to analysts' expectations of $587.97 million. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%.The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.20) earnings per share. Columbia Sportswear has set its Q3 2025 guidance at 1.000-1.200 EPS. FY 2025 guidance at EPS. On average, sell-side analysts predict that Columbia Sportswear Company will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The business also recently declared 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 was Thursday, August 21st. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. Columbia Sportswear's payout ratio is 30.61%.

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.

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