Columbia Sportswear Company $COLM Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC has decreased its holdings in Columbia Sportswear Company by 31.2%, selling 5,726 shares during the first quarter, leaving them with a total of 12,644 shares valued at approximately $957,000.
• Multiple institutional investors have significantly increased their positions, with State of Alaska Department of Revenue raising its stake by 287.2% and GAMMA Investing LLC increasing its position by 8,642.2%.
• Analysts have mixed views on Columbia Sportswear, with ratings ranging from Hold to Sell, and a consensus target price of $60.80, indicating a cautious outlook on the company's stock performance.

Jump Financial LLC trimmed its position in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 31.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,644 shares of the textile maker's stock after selling 5,726 shares during the period. Jump Financial LLC's holdings in Columbia Sportswear were worth $957,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. AlphaQuest LLC acquired a new stake in shares of Columbia Sportswear during the 1st quarter worth $867,000. Capital Fund Management S.A. increased its holdings in Columbia Sportswear by 114.1% in the 1st quarter. Capital Fund Management S.A. now owns 61,064 shares of the textile maker's stock valued at $4,622,000 after purchasing an additional 32,546 shares in the last quarter. American Century Companies Inc. increased 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 valued at $75,464,000 after purchasing an additional 112,282 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Columbia Sportswear by 1,943.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 899 shares of the textile maker's stock valued at $68,000 after purchasing an additional 855 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Columbia Sportswear by 1,352.7% in the 1st quarter. Russell Investments Group Ltd. now owns 75,831 shares of the textile maker's stock valued at $5,740,000 after purchasing an additional 70,611 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on COLM. Citigroup lowered 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. Needham & Company LLC began coverage on shares of Columbia Sportswear in a research report on Friday, May 30th. They issued a "hold" rating for the company. Barclays decreased their price objective on shares of Columbia Sportswear from $62.00 to $51.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. UBS Group decreased 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 report on Friday, August 1st. Finally, Cfra Research raised shares of Columbia Sportswear to a "hold" rating in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Columbia Sportswear has an average rating of "Hold" and a consensus target price of $60.80.

Columbia Sportswear Stock Performance

Shares of COLM stock traded up $0.34 during trading hours on Thursday, hitting $56.96. 101,430 shares of the company were exchanged, compared to its average volume of 766,957. Columbia Sportswear Company has a one year low of $48.10 and a one year high of $92.88. The business's 50-day simple moving average is $57.50 and its two-hundred day simple moving average is $65.94. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 14.52 and a beta of 0.96.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The textile maker reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.09. The business had revenue of $605.25 million for the quarter, compared to analysts' expectations of $587.97 million. Columbia Sportswear had a net margin of 6.59% and a return on equity of 12.97%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.20) earnings per share. Columbia Sportswear has set its Q3 2025 guidance at 1.000-1.200 EPS. FY 2025 guidance at EPS. As a group, analysts anticipate that Columbia Sportswear Company will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, August 21st. This represents a $1.20 annualized dividend and a yield of 2.1%. Columbia Sportswear's dividend 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.