Quantbot Technologies LP Decreases Holdings in Columbia Sportswear Company $COLM

Key Points

• Quantbot Technologies LP reduced its holdings in Columbia Sportswear by 55.1%, now holding 19,596 shares valued at approximately $1.48 million.
• Several institutional investors, including Massachusetts Financial Services Co. and Russell Investments Group, have made significant changes to their positions in Columbia Sportswear, indicating increased interest in the company.
• Columbia Sportswear reported earnings that exceeded expectations for the last quarter and announced a quarterly dividend of $0.30 per share, reflecting a 2.1% yield for shareholders.

Quantbot Technologies LP decreased its holdings in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 55.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,596 shares of the textile maker's stock after selling 24,071 shares during the period. Quantbot Technologies LP's holdings in Columbia Sportswear were worth $1,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Deutsche Bank AG grew its position in shares of Columbia Sportswear by 3.7% during the 4th quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker's stock valued at $328,000 after acquiring an additional 141 shares during the period. Federated Hermes Inc. grew its position in shares of Columbia Sportswear by 4.8% during the 1st quarter. Federated Hermes Inc. now owns 5,241 shares of the textile maker's stock valued at $397,000 after acquiring an additional 241 shares during the period. Procyon Advisors LLC grew its position in shares of Columbia Sportswear by 8.3% during the 1st quarter. Procyon Advisors LLC now owns 3,605 shares of the textile maker's stock valued at $273,000 after acquiring an additional 276 shares during the period. Principal Financial Group Inc. grew its position in shares of Columbia Sportswear by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 73,810 shares of the textile maker's stock valued at $5,587,000 after acquiring an additional 324 shares during the period. Finally, GHP Investment Advisors Inc. grew its position in shares of Columbia Sportswear by 1.3% during the 1st quarter. GHP Investment Advisors Inc. now owns 27,581 shares of the textile maker's stock valued at $2,088,000 after acquiring an additional 360 shares during the period. Institutional investors own 47.76% of the company's stock.

Columbia Sportswear Stock Performance

Shares of COLM traded down $0.57 during midday trading on Thursday, hitting $54.61. 173,967 shares of the company traded hands, compared to its average volume of 764,557. The firm has a 50 day moving average of $57.94 and a 200-day moving average of $66.80. Columbia Sportswear Company has a 52 week low of $48.10 and a 52 week high of $92.88. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 13.91 and a beta of 1.00.

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 business had revenue of $605.25 million during the quarter, compared to the consensus estimate of $587.97 million. Columbia Sportswear had a net margin of 6.59% and a return on equity of 12.97%. The business's revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.20) EPS. Columbia Sportswear has set its Q3 2025 guidance at 1.000-1.200 EPS. FY 2025 guidance at EPS. Sell-side analysts predict that Columbia Sportswear Company will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, August 21st. Columbia Sportswear's dividend payout ratio is currently 30.61%.

Analysts Set New Price Targets

COLM has been the subject of a number of recent research reports. Citigroup cut 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. Needham & Company LLC began coverage on shares of Columbia Sportswear in a report on Friday, May 30th. They issued a "hold" rating for the company. Cfra Research raised shares of Columbia Sportswear to a "hold" rating in a report on Monday, August 4th. Barclays dropped their target price on shares of Columbia Sportswear from $62.00 to $51.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Finally, Stifel Nicolaus dropped their target price on shares of Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating for the company in a report 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, the stock has a consensus rating of "Hold" and an average target price 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.