Public Employees Retirement System of Ohio Has $2.42 Million Stock Holdings in Columbia Sportswear Company $COLM

Key Points

• The Public Employees Retirement System of Ohio reduced its holdings in Columbia Sportswear by 25.1%, down to approximately $2.4 million worth of stock.
• Several analysts have downgraded Columbia Sportswear, with Zacks Research changing their rating from "hold" to a "strong sell", while Barclays lowered the price target from $62 to $51.
• Columbia Sportswear reported a net positive earnings surprise, with EPS of ($0.19), surpassing analysts' expectations of ($0.28) for the most recent quarter.

Public Employees Retirement System of Ohio cut its holdings in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 25.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,559 shares of the textile maker's stock after selling 13,279 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of Columbia Sportswear worth $2,416,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Columbia Sportswear during the 1st quarter worth approximately $38,000. Jones Financial Companies Lllp boosted its position in Columbia Sportswear by 208.3% during the 1st quarter. Jones Financial Companies Lllp now owns 555 shares of the textile maker's stock worth $42,000 after buying an additional 375 shares during the period. Quarry LP acquired a new stake in Columbia Sportswear during the 1st quarter worth approximately $44,000. Whipplewood Advisors LLC boosted its position in Columbia Sportswear by 12,400.0% during the 1st quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker's stock worth $47,000 after buying an additional 620 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in Columbia Sportswear by 1,943.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 899 shares of the textile maker's stock worth $68,000 after buying an additional 855 shares during the period. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on COLM shares. Zacks Research downgraded shares of Columbia Sportswear from a "hold" rating to a "strong sell" rating in a research report on Tuesday. Barclays dropped their price target on shares of Columbia Sportswear from $62.00 to $51.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Stifel Nicolaus dropped 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 report on Friday, August 1st. UBS Group dropped 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 report on Friday, August 1st. Finally, Cfra Research upgraded shares of Columbia Sportswear to a "hold" rating in a research report on Monday, August 4th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $60.80.

Columbia Sportswear Stock Up 2.0%

Columbia Sportswear stock opened at $53.70 on Friday. Columbia Sportswear Company has a 12-month low of $48.10 and a 12-month high of $92.88. The firm's fifty day moving average is $54.22 and its 200 day moving average is $61.37. The company has a market capitalization of $2.94 billion, a PE ratio of 13.70 and a beta of 0.98.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its earnings results on Thursday, July 31st. The textile maker reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.28) by $0.09. Columbia Sportswear had a net margin of 6.59% and a return on equity of 12.97%. The company had revenue of $605.25 million for the quarter, compared to the consensus estimate of $587.97 million. During the same quarter in the previous year, the company earned ($0.20) EPS. Columbia Sportswear'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. Sell-side analysts expect that Columbia Sportswear Company will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, August 21st. 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.

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