Columbia Sportswear Company $COLM Shares Acquired by Magnetar Financial LLC

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 raised its holdings in Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 340.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Columbia Sportswear in the 1st quarter valued at $38,000. Whipplewood Advisors LLC lifted its position in Columbia Sportswear by 12,400.0% during the first quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker's stock valued at $47,000 after purchasing an additional 620 shares during the last quarter. Caitong International Asset Management Co. Ltd raised 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 worth $68,000 after purchasing an additional 855 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Columbia Sportswear during the 4th quarter valued at about $76,000. Finally, US Bancorp DE boosted its holdings in shares of Columbia Sportswear by 35.2% in the first quarter. US Bancorp DE now owns 2,569 shares of the textile maker's stock worth $194,000 after buying an additional 669 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on COLM. Stifel Nicolaus decreased their price target on shares of Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Cfra Research upgraded Columbia Sportswear to a "hold" rating in a research report on Monday, August 4th. Needham & Company LLC initiated coverage on shares of Columbia Sportswear in a research report on Friday, May 30th. They issued a "hold" rating for the company. Citigroup reduced their price objective on shares of Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, August 1st. Finally, UBS Group lowered their price target on shares of Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating on the stock in a research note on Friday, August 1st. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $60.80.

Columbia Sportswear Stock Performance

Shares of NASDAQ COLM traded down $0.31 during midday trading on Friday, reaching $57.21. 224,959 shares of the company traded hands, compared to its average volume of 767,604. The stock's 50-day simple moving average is $57.41 and its 200-day simple moving average is $65.76. The firm has a market cap of $3.13 billion, a PE ratio of 14.57 and a beta of 0.96. Columbia Sportswear Company has a 12 month low of $48.10 and a 12 month 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) EPS 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 the consensus estimate of $587.97 million. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%.The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 expect that Columbia Sportswear Company will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 21st. This represents a $1.20 annualized dividend and a yield of 2.1%. Columbia Sportswear's payout ratio is presently 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.