Magnetar Financial LLC Boosts Stock Position in Columbia Sportswear Company $COLM

Key Points

• Magnetar Financial LLC increased its stake in Columbia Sportswear Company by 340.3% during the first quarter, acquiring an additional 18,150 shares to hold a total of 23,483 shares valued at approximately $1.78 million.
• Columbia Sportswear reported a quarterly earnings per share of ($0.19), surpassing analysts' expectations, with revenues reaching $605.25 million, up 6.1% year-over-year.
• The company announced a quarterly dividend of $0.30 per share, representing an annualized yield of 2.2% and a payout ratio of 30.61%.

Magnetar Financial LLC boosted its position in Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 340.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,483 shares of the textile maker's stock after buying an additional 18,150 shares during the period. Magnetar Financial LLC's holdings in Columbia Sportswear were worth $1,777,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of COLM. Deutsche Bank AG raised its position in shares of Columbia Sportswear by 449.1% in the 1st quarter. Deutsche Bank AG now owns 21,477 shares of the textile maker's stock worth $1,626,000 after acquiring an additional 17,566 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Columbia Sportswear by 287.2% during the first quarter. State of Alaska Department of Revenue now owns 39,143 shares of the textile maker's stock worth $2,962,000 after purchasing an additional 29,035 shares during the period. GAMMA Investing LLC increased its holdings in Columbia Sportswear by 8,642.2% in the first quarter. GAMMA Investing LLC now owns 52,453 shares of the textile maker's stock worth $3,970,000 after purchasing an additional 51,853 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Columbia Sportswear in the first quarter valued at approximately $518,000. Finally, Vest Financial LLC acquired a new position in Columbia Sportswear in the first quarter valued at approximately $667,000. Institutional investors own 47.76% of the company's stock.

Analysts Set New Price Targets

COLM has been the subject of several research analyst reports. Cfra Research upgraded shares of Columbia Sportswear to a "hold" rating in a research note on Monday, August 4th. UBS Group decreased their price target 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. Citigroup cut their price objective on shares of Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Friday, August 1st. Barclays reduced 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. Finally, Stifel Nicolaus dropped their price target 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 equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $60.80.

Columbia Sportswear Stock Up 1.2%

NASDAQ COLM traded up $0.66 on Thursday, reaching $57.28. The company had a trading volume of 430,895 shares, compared to its average volume of 768,842. Columbia Sportswear Company has a 52-week low of $48.10 and a 52-week high of $92.88. The stock has a market capitalization of $3.14 billion, a P/E ratio of 14.61 and a beta of 0.96. The company's fifty day moving average is $57.50 and its 200 day moving average is $65.94.

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 analysts' consensus estimates of ($0.28) by $0.09. The business had revenue of $605.25 million for the quarter, compared to analyst estimates of $587.97 million. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%.Columbia Sportswear's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period 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. On average, research analysts expect that Columbia Sportswear Company will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, August 21st. Columbia Sportswear's dividend payout ratio is currently 30.61%.

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.