Heartland Advisors Inc. Makes New Investment in Columbia Sportswear Company $COLM

Heartland Advisors Inc. purchased a new stake in Columbia Sportswear Company (NASDAQ:COLM) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 26,655 shares of the textile maker’s stock, valued at approximately $1,394,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Millennium Management LLC lifted its position in Columbia Sportswear by 24.6% in the 1st quarter. Millennium Management LLC now owns 142,956 shares of the textile maker’s stock valued at $10,820,000 after acquiring an additional 28,269 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Columbia Sportswear by 208.3% in the 1st 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Columbia Sportswear by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 114,611 shares of the textile maker’s stock valued at $8,675,000 after purchasing an additional 2,680 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Columbia Sportswear by 125.0% during the first quarter. Jane Street Group LLC now owns 115,294 shares of the textile maker’s stock worth $8,727,000 after buying an additional 64,046 shares during the period. Finally, CWM LLC grew its holdings in shares of Columbia Sportswear by 118.3% during the second quarter. CWM LLC now owns 1,489 shares of the textile maker’s stock worth $91,000 after buying an additional 807 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on COLM. Weiss Ratings restated a “hold (c-)” rating on shares of Columbia Sportswear in a research note on Monday, December 29th. Stifel Nicolaus boosted their price objective on shares of Columbia Sportswear from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. UBS Group restated a “sell” rating and set a $44.00 target price (up previously from $39.00) on shares of Columbia Sportswear in a report on Wednesday, February 4th. BTIG Research reiterated a “buy” rating and issued a $75.00 price target on shares of Columbia Sportswear in a research note on Friday, January 30th. Finally, Wall Street Zen raised shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $60.50.

Columbia Sportswear Trading Up 1.1%

Shares of COLM opened at $64.01 on Wednesday. The company’s fifty day simple moving average is $56.81 and its 200 day simple moving average is $54.45. Columbia Sportswear Company has a 1-year low of $47.47 and a 1-year high of $92.88. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 19.76 and a beta of 0.91.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Tuesday, February 3rd. The textile maker reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.51. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. Columbia Sportswear had a net margin of 5.22% and a return on equity of 12.03%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.80 EPS. 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. As a group, research analysts forecast that Columbia Sportswear Company will post 4.1 earnings per share for the current year.

Columbia Sportswear Announces Dividend

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

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.