New York State Teachers Retirement System Grows Position in Columbia Sportswear Company $COLM

New York State Teachers Retirement System increased its holdings in Columbia Sportswear Company (NASDAQ:COLM) by 34.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,232 shares of the textile maker’s stock after acquiring an additional 2,860 shares during the quarter. New York State Teachers Retirement System’s holdings in Columbia Sportswear were worth $686,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in COLM. Jacobs Levy Equity Management Inc. bought a new position in Columbia Sportswear in the first quarter worth about $39,222,000. Massachusetts Financial Services Co. MA bought a new position in Columbia Sportswear in the first quarter worth about $15,099,000. Trexquant Investment LP bought a new position in Columbia Sportswear in the first quarter worth about $10,834,000. American Century Companies Inc. raised its holdings in Columbia Sportswear by 12.7% in the first quarter. American Century Companies Inc. now owns 997,013 shares of the textile maker’s stock worth $75,464,000 after purchasing an additional 112,282 shares in the last quarter. Finally, Gotham Asset Management LLC raised its holdings in Columbia Sportswear by 175.1% in the first quarter. Gotham Asset Management LLC now owns 176,163 shares of the textile maker’s stock worth $13,334,000 after purchasing an additional 112,127 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Stock Down 1.7%

COLM opened at $53.26 on Thursday. Columbia Sportswear Company has a 52-week low of $48.10 and a 52-week high of $92.88. The firm’s 50-day moving average price is $53.70 and its 200-day moving average price is $59.10. The company has a market cap of $2.92 billion, a P/E ratio of 13.59 and a beta of 0.98.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, July 31st. The textile maker reported ($0.19) earnings per share for the quarter, topping the consensus estimate 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 prior year, the company earned ($0.20) EPS. Columbia Sportswear’s quarterly 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, research analysts anticipate that Columbia Sportswear Company will post 4.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group reduced their target price on shares of Columbia Sportswear from $45.00 to $40.00 and set a “sell” rating for the company in a report on Friday, August 1st. Stifel Nicolaus set a $68.00 target price on shares of Columbia Sportswear in a report on Wednesday. BTIG Research initiated coverage on shares of Columbia Sportswear in a report on Tuesday, October 14th. They issued a “buy” rating and a $75.00 target price for the company. Weiss Ratings restated a “sell (d+)” rating on shares of Columbia Sportswear in a report on Wednesday, October 8th. Finally, Citigroup cut their price objective on shares of Columbia Sportswear from $64.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $63.17.

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.