Jacobs Levy Equity Management Inc. Acquires Shares of 518,193 Columbia Sportswear Company $COLM

Key Points

• Jacobs Levy Equity Management Inc. acquired a new position in Columbia Sportswear Company, purchasing 518,193 shares worth approximately $39.22 million, which gives it about 0.94% ownership of the company.
• Two analysts recently downgraded their price targets for Columbia Sportswear, with Stifel Nicolaus lowering it from $75 to $68 and Citigroup reducing it from $64 to $61, reflecting a cautionary stance on the stock.
• Columbia Sportswear reported earnings per share (EPS) of ($0.19) for its latest quarter, exceeding analysts' expectations, and also declared a quarterly dividend of $0.30, indicating a strong dividend payout ratio of 30.61%.

Jacobs Levy Equity Management Inc. purchased a new stake in Columbia Sportswear Company (NASDAQ:COLM - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 518,193 shares of the textile maker's stock, valued at approximately $39,222,000. Jacobs Levy Equity Management Inc. owned approximately 0.94% of Columbia Sportswear as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Deutsche Bank AG raised its stake in Columbia Sportswear by 3.7% in the fourth quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker's stock valued at $328,000 after purchasing an additional 141 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Columbia Sportswear by 4.8% during the 1st quarter. Federated Hermes Inc. now owns 5,241 shares of the textile maker's stock worth $397,000 after buying an additional 241 shares in the last quarter. Procyon Advisors LLC raised its holdings in shares of Columbia Sportswear by 8.3% during the 1st quarter. Procyon Advisors LLC now owns 3,605 shares of the textile maker's stock worth $273,000 after buying an additional 276 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Columbia Sportswear by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 73,810 shares of the textile maker's stock worth $5,587,000 after buying an additional 324 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Columbia Sportswear by 1.3% during the 1st quarter. GHP Investment Advisors Inc. now owns 27,581 shares of the textile maker's stock worth $2,088,000 after buying an additional 360 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company's stock.

Columbia Sportswear Trading Up 0.3%

NASDAQ:COLM traded up $0.16 on Thursday, reaching $55.18. 172,949 shares of the stock traded hands, compared to its average volume of 766,473. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 14.05 and a beta of 0.96. The company's 50 day moving average is $56.88 and its 200-day moving average is $64.82. Columbia Sportswear Company has a 1-year low of $48.10 and a 1-year high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released 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. The company had revenue of $605.25 million during the quarter, compared to analyst estimates of $587.97 million. Columbia Sportswear had a net margin of 6.59% and a return on equity of 12.97%. Columbia Sportswear's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous 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, equities research analysts forecast that Columbia Sportswear Company will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, August 21st. Columbia Sportswear's dividend payout ratio (DPR) is currently 30.61%.

Analysts Set New Price Targets

Several brokerages have commented on COLM. Cfra Research raised Columbia Sportswear to a "hold" rating in a research note on Monday, August 4th. UBS Group lowered 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. Citigroup lowered their target price on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Friday, August 1st. Needham & Company LLC began coverage on Columbia Sportswear in a research note on Friday, May 30th. They set a "hold" rating for the company. Finally, Barclays lowered their target price on Columbia Sportswear from $62.00 to $51.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. One investment 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target 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.