Invesco Ltd. Reduces Position in Columbia Sportswear Company $COLM

Key Points

• Invesco Ltd. significantly reduced its stake in Columbia Sportswear Company by 79.1%, selling 419,848 shares and owning only 110,752 shares post-sale.
• Columbia Sportswear recently reported earnings of ($0.19) per share, exceeding analysts' expectations, with quarterly revenue of $605.25 million, a 6.1% year-over-year increase.
• The company announced a quarterly dividend of $0.30 per share, translating to an annualized yield of 2.2%, and plans to issue the dividend on September 4th to shareholders of record.

Invesco Ltd. trimmed its holdings in Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 79.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,752 shares of the textile maker's stock after selling 419,848 shares during the period. Invesco Ltd. owned about 0.20% of Columbia Sportswear worth $8,383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Northern Trust Corp increased its holdings in shares of Columbia Sportswear by 19.2% in the fourth quarter. Northern Trust Corp now owns 379,016 shares of the textile maker's stock worth $31,811,000 after purchasing an additional 61,088 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Columbia Sportswear by 11.2% in the fourth quarter. AQR Capital Management LLC now owns 276,992 shares of the textile maker's stock worth $23,248,000 after purchasing an additional 27,852 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Columbia Sportswear in the first quarter worth about $15,099,000. Millennium Management LLC bought a new stake in shares of Columbia Sportswear in the fourth quarter worth about $9,626,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Columbia Sportswear by 4.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 111,931 shares of the textile maker's stock worth $9,394,000 after purchasing an additional 4,829 shares during the last quarter. 47.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on COLM shares. Stifel Nicolaus reduced their target price on Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Needham & Company LLC started coverage on Columbia Sportswear in a report on Friday, May 30th. They issued a "hold" rating on the stock. Citigroup reduced their target price on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, August 1st. UBS Group reduced their price objective 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. Finally, Cfra Research raised Columbia Sportswear to a "hold" rating in a research note on Monday, August 4th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Columbia Sportswear has an average rating of "Hold" and an average price target of $60.80.

Columbia Sportswear Stock Up 1.2%

NASDAQ COLM traded up $0.68 during trading hours on Friday, hitting $55.72. 865,134 shares of the company were exchanged, compared to its average volume of 696,159. The stock has a 50-day moving average price of $57.75 and a 200 day moving average price of $66.28. Columbia Sportswear Company has a 52 week low of $48.10 and a 52 week high of $92.88. The stock has a market cap of $3.05 billion, a PE ratio of 14.21 and a beta of 0.96.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its 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. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%.The business had revenue of $605.25 million during the quarter, compared to analyst estimates of $587.97 million. During the same quarter in the previous year, the business earned ($0.20) earnings per share. The company's revenue for the quarter 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. As a group, sell-side analysts anticipate that Columbia Sportswear Company will post 4.1 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, August 21st. Columbia Sportswear's payout ratio is 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.