Columbia Sportswear Company $COLM Stock Position Cut by Swiss National Bank

Key Points

• The Swiss National Bank reduced its stake in Columbia Sportswear Company by 19.9%, selling 13,800 shares to hold 55,400 shares valued at approximately $4.2 million.
• Columbia Sportswear's recent earnings report showed a loss of $0.19 per share, surpassing estimates, with revenue of $605.25 million, reflecting a 6.1% increase from the previous year.
• Investors should note that the company declared a quarterly dividend of $0.30 per share, resulting in an annualized yield of 2.2%.

Swiss National Bank reduced its position in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 19.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,400 shares of the textile maker's stock after selling 13,800 shares during the period. Swiss National Bank owned 0.10% of Columbia Sportswear worth $4,193,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. State of Alaska Department of Revenue increased its position in Columbia Sportswear by 287.2% during the first quarter. State of Alaska Department of Revenue now owns 39,143 shares of the textile maker's stock worth $2,962,000 after purchasing an additional 29,035 shares during the last quarter. GAMMA Investing LLC increased its position in Columbia Sportswear by 8,642.2% during the first quarter. GAMMA Investing LLC now owns 52,453 shares of the textile maker's stock worth $3,970,000 after purchasing an additional 51,853 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Columbia Sportswear during the first quarter worth approximately $518,000. Vest Financial LLC acquired a new position in Columbia Sportswear during the first quarter worth approximately $667,000. Finally, Crossmark Global Holdings Inc. increased its position in Columbia Sportswear by 18.4% during the first quarter. Crossmark Global Holdings Inc. now owns 42,989 shares of the textile maker's stock worth $3,254,000 after purchasing an additional 6,693 shares during the last quarter. 47.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COLM has been the subject of several research analyst reports. Citigroup dropped their price target 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 initiated coverage on shares of Columbia Sportswear in a research note on Friday, May 30th. They set a "hold" rating for the company. Cfra Research upgraded shares of Columbia Sportswear to a "hold" rating in a research note on Monday, August 4th. Barclays decreased their price objective 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. Finally, UBS Group decreased their price objective on shares of 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $60.80.

Columbia Sportswear Trading Down 1.2%

NASDAQ COLM traded down $0.6750 during trading hours on Monday, reaching $55.8450. 13,892 shares of the company traded hands, compared to its average volume of 766,328. The company has a 50 day moving average of $58.28 and a two-hundred day moving average of $67.13. The stock has a market capitalization of $3.06 billion, a PE ratio of 14.27 and a beta of 1.00. Columbia Sportswear Company has a 12 month low of $48.10 and a 12 month high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted 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 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 revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.20) EPS. Columbia Sportswear has set its Q3 2025 guidance at 1.000-1.200 EPS. FY 2025 guidance at EPS. On average, equities research analysts anticipate that Columbia Sportswear Company will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The business 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. This represents a $1.20 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, August 21st. Columbia Sportswear's dividend payout ratio is currently 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.