Northern Trust Corp Lowers Stake in Columbia Sportswear Company $COLM

Key Points

• Northern Trust Corp reduced its shareholding in Columbia Sportswear by 3.3%, selling 12,512 shares, and now owns 366,504 shares valued at approximately $27.7 million.
• Columbia Sportswear reported a quarterly earnings of ($0.19) EPS, surpassing the expected ($0.28) EPS, with revenues of $605.25 million, an increase of 6.1% year over year.
• The company declared a quarterly dividend of $0.30 per share, representing an annual yield of 2.2%, with the payment scheduled for September 4th.

Northern Trust Corp trimmed its holdings in Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 3.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 366,504 shares of the textile maker's stock after selling 12,512 shares during the period. Northern Trust Corp owned approximately 0.66% of Columbia Sportswear worth $27,741,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deutsche Bank AG lifted 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 worth $328,000 after purchasing an additional 141 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Columbia Sportswear by 4.8% during the first quarter. Federated Hermes Inc. now owns 5,241 shares of the textile maker's stock valued at $397,000 after buying an additional 241 shares during the last quarter. Procyon Advisors LLC grew its holdings in shares of Columbia Sportswear by 8.3% during the first quarter. Procyon Advisors LLC now owns 3,605 shares of the textile maker's stock valued at $273,000 after buying an additional 276 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Columbia Sportswear by 0.4% in the first quarter. Principal Financial Group Inc. now owns 73,810 shares of the textile maker's stock worth $5,587,000 after purchasing an additional 324 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its holdings in Columbia Sportswear by 1.3% in the first quarter. GHP Investment Advisors Inc. now owns 27,581 shares of the textile maker's stock worth $2,088,000 after purchasing an additional 360 shares during the last quarter. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Sportswear Price Performance

COLM traded up $0.58 on Thursday, reaching $57.20. 346,246 shares of the company's stock were exchanged, compared to its average volume of 768,338. The stock has a market cap of $3.13 billion, a PE ratio of 14.59 and a beta of 0.96. Columbia Sportswear Company has a twelve month low of $48.10 and a twelve month high of $92.88. The stock's fifty day moving average price is $57.50 and its 200-day moving average price is $65.94.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The textile maker reported ($0.19) earnings per share for the quarter, topping analysts' consensus estimates of ($0.28) by $0.09. The firm had revenue of $605.25 million for 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 quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business 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, research analysts predict that Columbia Sportswear Company will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, August 21st. Columbia Sportswear's payout ratio is presently 30.61%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on COLM. Needham & Company LLC started coverage on shares of Columbia Sportswear in a research report on Friday, May 30th. They issued a "hold" rating on the stock. Stifel Nicolaus dropped their price objective on shares of Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Barclays dropped their price target on shares of 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. Cfra Research raised shares of Columbia Sportswear to a "hold" rating in a research note on Monday, August 4th. Finally, Citigroup dropped their price objective on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" 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. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $60.80.

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.