State of Wyoming raised its position in shares of Columbia Sportswear Company (NASDAQ:COLM – Free Report) by 357.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,708 shares of the textile maker’s stock after buying an additional 8,365 shares during the period. State of Wyoming’s holdings in Columbia Sportswear were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in Columbia Sportswear in the 2nd quarter worth approximately $152,164,000. Dimensional Fund Advisors LP grew its holdings in shares of Columbia Sportswear by 15.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,222,770 shares of the textile maker’s stock valued at $121,824,000 after buying an additional 301,277 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Columbia Sportswear in the second quarter worth about $16,691,000. Quantinno Capital Management LP increased its stake in Columbia Sportswear by 7.6% during the 1st quarter. Quantinno Capital Management LP now owns 292,953 shares of the textile maker’s stock worth $16,057,000 after purchasing an additional 20,797 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Columbia Sportswear during the second quarter worth $15,746,000. Institutional investors own 47.76% of the company’s stock.
Columbia Sportswear Price Performance
COLM stock opened at $67.54 on Monday. Columbia Sportswear Company has a one year low of $47.47 and a one year high of $69.06. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 14.81 and a beta of 0.88. The company has a fifty day moving average price of $58.44 and a two-hundred day moving average price of $59.75.
Columbia Sportswear (NASDAQ:COLM – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The textile maker reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.38. The business had revenue of $962.58 million for the quarter, compared to analyst estimates of $944.91 million. Columbia Sportswear had a net margin of 6.97% and a return on equity of 11.71%. Columbia Sportswear’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $1.41 earnings per share. Research analysts anticipate that Columbia Sportswear Company will post 4.78 EPS for the current fiscal year.
Columbia Sportswear Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.8%. Columbia Sportswear’s payout ratio is 26.32%.
Wall Street Analysts Forecast Growth
COLM has been the subject of a number of research analyst reports. Robert W. Baird set a $65.00 target price on shares of Columbia Sportswear in a research note on Friday, July 31st. Citigroup reissued a “neutral” rating and issued a $68.00 price target (up from $67.00) on shares of Columbia Sportswear in a research note on Wednesday, July 22nd. BTIG Research boosted their price target on Columbia Sportswear from $80.00 to $83.00 and gave the company a “buy” rating in a report on Friday. UBS Group restated a “sell” rating and issued a $49.00 price target on shares of Columbia Sportswear in a report on Friday. Finally, Zacks Research cut Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $66.40.
Check Out Our Latest Research Report on Columbia Sportswear
Columbia Sportswear News Roundup
Here are the key news stories impacting Columbia Sportswear this week:
- Positive Sentiment: Q3 earnings and revenue beat expectations. Columbia reported adjusted earnings of $1.66 per share, up from $1.41 a year earlier and above the $1.25-$1.28 analyst estimates. Revenue reached $962.6 million, compared with expectations of approximately $944.9 million, representing 2% year-over-year growth. Columbia Sportswear Q3 earnings report
- Positive Sentiment: Growth was supported by international operations and direct-to-consumer sales. These areas helped the company outperform quarterly sales expectations and encouraged management to increase its full-year 2026 outlook, slightly above consensus expectations. COLM Q3 earnings beat estimates
- Positive Sentiment: BTIG Research raised its price target. BTIG increased its target for COLM from $80 to $83 and upgraded or reaffirmed a “Buy” rating, implying further upside based on the reported share price. BTIG Research Columbia Sportswear rating
- Neutral Sentiment: Columbia maintained its quarterly dividend. The company declared a $0.30-per-share dividend, or $1.20 annualized, with an approximately 1.8% yield. The stock will trade ex-dividend on November 19, with payment scheduled for December 3. Columbia Sportswear dividend announcement
Columbia Sportswear Profile
Columbia Sportswear Company is an outdoor and active lifestyle apparel, footwear, accessories and equipment company headquartered in Portland, Oregon. Founded in 1938 as the Columbia Hat Company, the business has grown into a global outdoor brand focused on products designed for activities such as hiking, skiing, fishing, camping and everyday outdoor use.
The company markets products under the Columbia, Sorel, Mountain Hardwear and prAna brands. Its offerings include jackets, shirts, pants, base layers, footwear, hats, gloves, backpacks and other outdoor accessories.
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