Columbia Sportswear Company $COLM Shares Sold by Northern Trust Corp

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 lowered its position 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 firm owned 366,504 shares of the textile maker's stock after selling 12,512 shares during the quarter. Northern Trust Corp owned 0.66% of Columbia Sportswear worth $27,741,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new position in Columbia Sportswear in the 1st quarter valued at $15,099,000. Millennium Management LLC bought a new position in Columbia Sportswear in the fourth quarter worth $9,626,000. American Century Companies Inc. lifted its holdings in Columbia Sportswear by 12.7% in the first quarter. American Century Companies Inc. now owns 997,013 shares of the textile maker's stock valued at $75,464,000 after acquiring an additional 112,282 shares during the period. Russell Investments Group Ltd. lifted 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 worth $5,740,000 after purchasing an additional 70,611 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Columbia Sportswear in the first quarter worth $4,981,000. Institutional investors and hedge funds own 47.76% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on COLM. UBS Group dropped their price target on Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating for the company in a research report on Friday, August 1st. Stifel Nicolaus decreased 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. Barclays dropped 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. Needham & Company LLC started coverage on Columbia Sportswear in a research report on Friday, May 30th. They set a "hold" rating on the stock. Finally, Cfra Research raised shares of Columbia Sportswear to a "hold" rating in a report on Monday, August 4th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $60.80.

Columbia Sportswear Price Performance

Shares of Columbia Sportswear stock traded up $0.15 on Friday, hitting $57.67. The company had a trading volume of 155,952 shares, compared to its average volume of 767,184. The firm has a market capitalization of $3.16 billion, a P/E ratio of 14.72 and a beta of 0.96. The stock has a 50-day moving average of $57.41 and a 200-day moving average of $65.76. Columbia Sportswear Company has a twelve month low of $48.10 and a twelve month high of $92.88.

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

Columbia Sportswear Announces Dividend

The company 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 of this dividend was Thursday, August 21st. This represents a $1.20 dividend on an annualized basis and a yield of 2.1%. Columbia Sportswear's payout ratio is 30.61%.

Columbia Sportswear 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.