Redwood Investment Management LLC Makes New $1.31 Million Investment in Columbia Sportswear Company $COLM

Key Points

• Redwood Investment Management LLC has acquired a new stake in Columbia Sportswear Company, purchasing 17,255 shares valued at approximately $1.3 million.
• Bank Julius Baer and Whipplewood Advisors are among other funds that have also made significant adjustments to their holdings in Columbia Sportswear during the first quarter.
• Columbia Sportswear reported better-than-expected earnings for the last quarter, with revenues of $605.25 million and an earnings per share (EPS) of ($0.19), beating estimates.

Redwood Investment Management LLC bought a new stake in Columbia Sportswear Company (NASDAQ:COLM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,255 shares of the textile maker's stock, valued at approximately $1,306,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of Columbia Sportswear by 12.7% in the 1st quarter. American Century Companies Inc. now owns 997,013 shares of the textile maker's stock valued at $75,464,000 after buying an additional 112,282 shares during the period. Northern Trust Corp raised its holdings in shares of Columbia Sportswear by 19.2% in the 4th quarter. Northern Trust Corp now owns 379,016 shares of the textile maker's stock valued at $31,811,000 after buying an additional 61,088 shares during the period. AQR Capital Management LLC raised its holdings in shares of Columbia Sportswear by 11.2% in the 4th quarter. AQR Capital Management LLC now owns 276,992 shares of the textile maker's stock valued at $23,248,000 after buying an additional 27,852 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of Columbia Sportswear in the 1st quarter valued at $15,099,000. Finally, Millennium Management LLC purchased a new stake in shares of Columbia Sportswear in the 4th quarter valued at $9,626,000. Hedge funds and other institutional investors own 47.76% of the company's stock.

Analyst Upgrades and Downgrades

COLM has been the topic of several research analyst reports. Citigroup cut their price objective on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, August 1st. Needham & Company LLC initiated coverage on Columbia Sportswear in a research note on Friday, May 30th. They set a "hold" rating for the company. Barclays lowered 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. Cfra Research raised Columbia Sportswear to a "hold" rating in a research note on Monday, August 4th. Finally, UBS Group lowered their target price on Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating for the company in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Columbia Sportswear currently has an average rating of "Hold" and an average price target of $60.80.

Columbia Sportswear Stock Performance

Shares of NASDAQ:COLM traded up $0.68 on Friday, hitting $55.72. 865,134 shares of the company's stock were exchanged, compared to its average volume of 783,147. The firm's 50-day moving average is $57.75 and its 200 day moving average is $66.39. The company has a market capitalization of $3.05 billion, a PE ratio of 14.21 and a beta of 1.00. Columbia Sportswear Company has a 1-year low of $48.10 and a 1-year high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced 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. The firm had revenue of $605.25 million during the quarter, compared to analysts' expectations of $587.97 million. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%.The business's revenue was up 6.1% on a year-over-year basis. During the same period 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. On average, analysts anticipate that Columbia Sportswear Company will post 4.1 EPS 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. Investors of record on Thursday, August 21st will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.2%. Columbia Sportswear's dividend payout ratio is 30.61%.

About Columbia Sportswear

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.