Wedge Capital Management L L P NC Has $1.77 Million Stock Position in Columbia Sportswear Company $COLM

Key Points

• Wedge Capital Management L L P NC increased its stake in Columbia Sportswear by 31% during Q2, now owning 28,894 shares valued at approximately $1.77 million.
• Columbia Sportswear's stock has a consensus rating of "Hold" from analysts, with an average target price of $60.80 despite varying estimates from different firms.
• The company declared a quarterly dividend of $0.30, reflecting a 2.3% yield based on its annualized dividend payout ratio of 30.61%.

Wedge Capital Management L L P NC boosted its stake in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 31.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 28,894 shares of the textile maker's stock after buying an additional 6,831 shares during the period. Wedge Capital Management L L P NC owned approximately 0.05% of Columbia Sportswear worth $1,765,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG raised its holdings in Columbia Sportswear by 449.1% during the 1st quarter. Deutsche Bank AG now owns 21,477 shares of the textile maker's stock worth $1,626,000 after buying an additional 17,566 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Columbia Sportswear by 287.2% during the 1st quarter. State of Alaska Department of Revenue now owns 39,143 shares of the textile maker's stock worth $2,962,000 after acquiring an additional 29,035 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Columbia Sportswear by 8,642.2% during the 1st quarter. GAMMA Investing LLC now owns 52,453 shares of the textile maker's stock worth $3,970,000 after acquiring an additional 51,853 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Columbia Sportswear during the 1st quarter worth approximately $10,834,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Columbia Sportswear during the 1st quarter worth approximately $518,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on COLM shares. Cfra Research raised shares of Columbia Sportswear to a "hold" rating in a research note on Monday, August 4th. Needham & Company LLC started coverage on shares of Columbia Sportswear in a research note on Friday, May 30th. They set a "hold" rating for the company. Barclays decreased their price target 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. Stifel Nicolaus decreased their price target on shares of Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, UBS Group decreased their price target 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 issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $60.80.

Columbia Sportswear Stock Performance

COLM opened at $53.04 on Tuesday. Columbia Sportswear Company has a fifty-two week low of $48.10 and a fifty-two week high of $92.88. The company has a market capitalization of $2.91 billion, a P/E ratio of 13.53 and a beta of 0.96. The stock has a fifty day moving average of $55.46 and a 200-day moving average of $62.65.

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 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 company had revenue of $605.25 million during the quarter, compared to the consensus estimate of $587.97 million. During the same quarter last year, the firm earned ($0.20) earnings per share. The company's revenue was up 6.1% on a year-over-year basis. Columbia Sportswear has set its Q3 2025 guidance at 1.000-1.200 EPS. FY 2025 guidance at EPS. On average, equities research analysts predict that Columbia Sportswear Company will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, August 21st. Columbia Sportswear's payout ratio is 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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