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

Retirement Systems of Alabama lowered its stake in Columbia Sportswear Company (NASDAQ:COLM) by 3.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,469 shares of the textile maker’s stock after selling 1,513 shares during the period. Retirement Systems of Alabama owned approximately 0.07% of Columbia Sportswear worth $2,289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Boston Trust Walden Corp grew its position in Columbia Sportswear by 0.5% in the second quarter. Boston Trust Walden Corp now owns 1,198,524 shares of the textile maker’s stock worth $73,206,000 after acquiring an additional 5,491 shares in the last quarter. American Century Companies Inc. grew its position 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 acquiring an additional 112,282 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Columbia Sportswear during the first quarter valued at approximately $39,222,000. AQR Capital Management LLC boosted its position 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 period. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Columbia Sportswear during the first quarter valued at approximately $15,099,000. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on COLM shares. Stifel Nicolaus dropped their target price on Columbia Sportswear from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Barclays dropped their target price on Columbia Sportswear from $62.00 to $51.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. UBS Group restated a “sell” rating and set a $38.00 target price (down previously from $40.00) on shares of Columbia Sportswear in a research report on Friday, October 31st. Zacks Research lowered Columbia Sportswear from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 30th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Columbia Sportswear in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $60.50.

Columbia Sportswear Stock Up 4.4%

Shares of NASDAQ:COLM opened at $52.35 on Thursday. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 13.35 and a beta of 0.94. Columbia Sportswear Company has a 52 week low of $47.47 and a 52 week high of $92.88. The firm has a 50 day moving average of $53.28 and a 200 day moving average of $58.10.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, October 30th. The textile maker reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.16. The company had revenue of $943.43 million during the quarter, compared to the consensus estimate of $917.02 million. Columbia Sportswear had a net margin of 6.59% and a return on equity of 12.97%. Columbia Sportswear’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.56 earnings per share. 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, sell-side analysts expect that Columbia Sportswear Company will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

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

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.