Fifth Third Bancorp Buys 16,111 Shares of Columbia Sportswear Company $COLM

Fifth Third Bancorp raised its stake in shares of Columbia Sportswear Company (NASDAQ:COLM) by 3,781.9% in the first quarter, Holdings Channel reports. The institutional investor owned 16,537 shares of the textile maker’s stock after buying an additional 16,111 shares during the quarter. Fifth Third Bancorp’s holdings in Columbia Sportswear were worth $906,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its stake in Columbia Sportswear by 388,140.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 163,061 shares of the textile maker’s stock valued at $9,179,000 after acquiring an additional 163,019 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in Columbia Sportswear in the 1st quarter worth approximately $27,407,000. Hsbc Holdings PLC bought a new position in Columbia Sportswear in the 4th quarter valued at $2,826,000. Allspring Global Investments Holdings LLC bought a new position in Columbia Sportswear in the 4th quarter valued at $1,920,000. Finally, Teacher Retirement System of Texas grew its position in shares of Columbia Sportswear by 20.9% during the 4th quarter. Teacher Retirement System of Texas now owns 101,229 shares of the textile maker’s stock valued at $5,577,000 after purchasing an additional 17,472 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Price Performance

Columbia Sportswear stock opened at $62.32 on Monday. The firm has a fifty day simple moving average of $63.98 and a two-hundred day simple moving average of $60.22. Columbia Sportswear Company has a twelve month low of $47.47 and a twelve month high of $69.06. The company has a market capitalization of $3.19 billion, a PE ratio of 19.85 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.30. The firm had revenue of $779.01 million for the quarter, compared to analysts’ expectations of $758.26 million. Columbia Sportswear had a return on equity of 11.78% and a net margin of 4.98%.The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the firm earned $0.75 earnings per share. Columbia Sportswear has set its FY 2026 guidance at 3.550-4.000 EPS and its Q2 2026 guidance at -0.460–0.370 EPS. As a group, equities analysts expect that Columbia Sportswear Company will post 3.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on COLM shares. Weiss Ratings raised shares of Columbia Sportswear from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 10th. BTIG Research boosted their target price on Columbia Sportswear from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. UBS Group restated a “sell” rating and issued a $47.00 target price (up from $44.00) on shares of Columbia Sportswear in a research note on Friday, May 1st. Citigroup reaffirmed a “neutral” rating and issued a $68.00 price target (up from $67.00) on shares of Columbia Sportswear in a report on Wednesday. Finally, Zacks Research downgraded Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Columbia Sportswear presently has an average rating of “Hold” and an average price target of $62.83.

Insiders Place Their Bets

In other Columbia Sportswear news, Director Sabrina Simmons sold 1,329 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $61.24, for a total value of $81,387.96. Following the sale, the director owned 8,260 shares of the company’s stock, valued at $505,842.40. This trade represents a 13.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ronald E. Nelson sold 4,080 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $67.78, for a total value of $276,542.40. Following the completion of the sale, the director directly owned 22,789 shares in the company, valued at $1,544,638.42. The trade was a 15.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 9,559 shares of company stock valued at $639,923 in the last ninety days. Company insiders own 51.90% of the company’s stock.

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.