Public Employees Retirement System of Ohio purchased a new position in shares of Columbia Sportswear Company (NASDAQ:COLM – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,884 shares of the textile maker’s stock, valued at approximately $611,000.
Several other large investors also recently added to or reduced their stakes in COLM. Allworth Financial LP lifted its holdings in Columbia Sportswear by 690.0% during the third quarter. Allworth Financial LP now owns 553 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 483 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Columbia Sportswear by 250.0% in the third quarter. Parallel Advisors LLC now owns 581 shares of the textile maker’s stock worth $30,000 after purchasing an additional 415 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Columbia Sportswear in the second quarter worth about $32,000. Trust Co. of Vermont bought a new stake in shares of Columbia Sportswear in the second quarter valued at approximately $39,000. Finally, Jones Financial Companies Lllp raised its position in shares of Columbia Sportswear by 208.3% in the first quarter. Jones Financial Companies Lllp now owns 555 shares of the textile maker’s stock valued at $42,000 after purchasing an additional 375 shares during the period. Hedge funds and other institutional investors own 47.76% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Citigroup reaffirmed a “neutral” rating and issued a $68.00 price objective (up from $67.00) on shares of Columbia Sportswear in a report on Wednesday, July 22nd. Robert W. Baird set a $65.00 target price on Columbia Sportswear in a research report on Friday, July 31st. BTIG Research reaffirmed a “buy” rating and issued a $80.00 price target on shares of Columbia Sportswear in a report on Friday, July 31st. Weiss Ratings upgraded Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Finally, Stifel Nicolaus set a $67.00 price objective on Columbia Sportswear and gave the company a “buy” rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $65.40.
Columbia Sportswear Trading Up 0.6%
COLM stock opened at $56.42 on Friday. The firm has a 50 day moving average of $59.95 and a 200-day moving average of $60.36. The firm has a market capitalization of $2.89 billion, a P/E ratio of 14.65 and a beta of 0.94. Columbia Sportswear Company has a 12 month low of $47.47 and a 12 month high of $69.06.
Columbia Sportswear (NASDAQ:COLM – Get Free Report) last posted its earnings results on Thursday, July 30th. The textile maker reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.91. Columbia Sportswear had a net margin of 6.05% and a return on equity of 11.20%. The business had revenue of $614.36 million for the quarter, compared to analyst estimates of $606.97 million. During the same quarter in the prior year, the firm posted ($0.19) EPS. Columbia Sportswear’s revenue was up 1.5% on a year-over-year basis. Columbia Sportswear has set its Q3 2026 guidance at 1.150-1.350 EPS and its FY 2026 guidance at 4.450-4.900 EPS. Sell-side analysts predict that Columbia Sportswear Company will post 3.58 EPS for the current year.
Columbia Sportswear Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. Columbia Sportswear’s dividend payout ratio is presently 31.17%.
Columbia Sportswear Company Profile
Columbia Sportswear Company develops, sources, markets and distributes a wide range of outdoor apparel, footwear and accessories designed for activities such as hiking, skiing, snowboarding and trail running. Its product portfolio includes weatherproof jackets and pants featuring proprietary technologies like Omni-Tech® waterproofing and Omni-Heat® thermal reflective lining, as well as activewear, footwear, hats, gloves and accessories under the Columbia® brand and complementary brands.
Founded in 1938 as the Columbia Hat Company in Portland, Oregon, the company initially focused on headwear before expanding into outerwear in the 1970s with the introduction of the Bugaboo® interchange jacket.
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