Wealth Enhancement Advisory Services LLC Invests $449,000 in Columbia Sportswear Company $COLM

Wealth Enhancement Advisory Services LLC bought a new position in shares of Columbia Sportswear Company (NASDAQ:COLM) during the 3rd quarter, HoldingsChannel reports. The firm bought 8,629 shares of the textile maker’s stock, valued at approximately $449,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Boston Trust Walden Corp grew its stake 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 worth $73,206,000 after acquiring an additional 5,491 shares during the last quarter. AQR Capital Management LLC boosted its stake in Columbia Sportswear by 67.5% in the 2nd quarter. AQR Capital Management LLC now owns 530,762 shares of the textile maker’s stock worth $32,387,000 after purchasing an additional 213,905 shares in the last quarter. Bank of New York Mellon Corp grew its position in Columbia Sportswear by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 390,923 shares of the textile maker’s stock worth $23,878,000 after purchasing an additional 3,331 shares during the last quarter. Invesco Ltd. increased its stake in Columbia Sportswear by 231.7% during the 2nd quarter. Invesco Ltd. now owns 367,330 shares of the textile maker’s stock valued at $22,437,000 after purchasing an additional 256,578 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Columbia Sportswear in the second quarter worth $14,669,000. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on COLM. Stifel Nicolaus boosted their price objective on shares of Columbia Sportswear from $60.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday. Robert W. Baird set a $63.00 price target on Columbia Sportswear in a research note on Wednesday. Zacks Research upgraded Columbia Sportswear from a “hold” rating to a “strong-buy” rating in a research note on Thursday. BTIG Research reaffirmed a “buy” rating and set a $75.00 target price on shares of Columbia Sportswear in a report on Friday, January 30th. Finally, UBS Group reiterated a “sell” rating and issued a $44.00 target price (up previously from $39.00) on shares of Columbia Sportswear in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $60.50.

Columbia Sportswear Stock Up 3.3%

Shares of COLM stock opened at $63.07 on Friday. Columbia Sportswear Company has a 52-week low of $47.47 and a 52-week high of $92.88. The stock has a market cap of $3.40 billion, a PE ratio of 19.47 and a beta of 0.91. The business has a 50-day simple moving average of $55.66 and a 200-day simple moving average of $54.26.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Tuesday, February 3rd. The textile maker reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.51. Columbia Sportswear had a return on equity of 12.03% and a net margin of 5.22%.The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the business earned $1.80 earnings per share. Columbia Sportswear’s quarterly revenue was down 2.4% on a year-over-year basis. Columbia Sportswear has set its FY 2026 guidance at 3.200-3.650 EPS and its Q1 2026 guidance at 0.290-0.370 EPS. Sell-side analysts anticipate that Columbia Sportswear Company will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 9th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.20 dividend on an annualized basis and a yield of 1.9%. Columbia Sportswear’s dividend payout ratio is 37.04%.

About Columbia Sportswear

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.