Retirement Systems of Alabama Reduces Position in Columbia Sportswear Company $COLM

Retirement Systems of Alabama cut its stake in shares of Columbia Sportswear Company (NASDAQ:COLM) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,469 shares of the textile maker’s stock after selling 1,513 shares during the quarter. Retirement Systems of Alabama’s holdings in Columbia Sportswear were worth $2,289,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Boston Trust Walden Corp grew its holdings in shares of Columbia Sportswear by 0.5% during the second quarter. Boston Trust Walden Corp now owns 1,198,524 shares of the textile maker’s stock valued at $73,206,000 after buying an additional 5,491 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Columbia Sportswear by 12.7% during the first 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 last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Columbia Sportswear during the first quarter valued at $39,222,000. AQR Capital Management LLC grew its holdings in shares of Columbia Sportswear by 14.4% during the first quarter. AQR Capital Management LLC now owns 316,857 shares of the textile maker’s stock valued at $23,942,000 after buying an additional 39,865 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Columbia Sportswear during the first quarter valued at $15,099,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on COLM. Stifel Nicolaus lowered their price target on shares of Columbia Sportswear from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Columbia Sportswear in a report on Wednesday, October 8th. Barclays lowered their price target on shares of Columbia Sportswear from $62.00 to $51.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Zacks Research lowered shares of Columbia Sportswear from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 30th. Finally, Citigroup lowered their price target on shares of Columbia Sportswear from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Monday. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Columbia Sportswear currently has a consensus rating of “Reduce” and a consensus target price of $60.50.

Columbia Sportswear Stock Up 4.4%

COLM stock opened at $52.35 on Thursday. The company’s 50-day simple moving average is $53.28 and its 200-day simple moving average is $58.10. Columbia Sportswear Company has a 52-week low of $47.47 and a 52-week high of $92.88. The firm has a market cap of $2.87 billion, a P/E ratio of 13.35 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, October 30th. The textile maker reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.16. Columbia Sportswear had a net margin of 6.59% and a return on equity of 12.97%. The business had revenue of $943.43 million for the quarter, compared to analyst estimates of $917.02 million. During the same period in the prior year, the company posted $1.56 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Columbia Sportswear has set its Q4 2025 guidance at 1.040-1.340 EPS. FY 2025 guidance at 3.010-3.310 EPS. On average, analysts anticipate that Columbia Sportswear Company will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, November 20th. Columbia Sportswear’s dividend payout ratio is 36.25%.

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.