Hsbc Holdings PLC Takes $2.83 Million Position in Columbia Sportswear Company $COLM

Hsbc Holdings PLC acquired a new stake in Columbia Sportswear Company (NASDAQ:COLM) in the 4th quarter, Holdings Channel.com reports. The fund acquired 50,604 shares of the textile maker’s stock, valued at approximately $2,826,000.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Columbia Sportswear by 215.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,083,624 shares of the textile maker’s stock valued at $56,674,000 after acquiring an additional 739,584 shares during the period. AQR Capital Management LLC grew its stake in shares of Columbia Sportswear by 82.9% in the third quarter. AQR Capital Management LLC now owns 970,675 shares of the textile maker’s stock worth $50,242,000 after purchasing an additional 439,913 shares during the last quarter. Invesco Ltd. increased its holdings in Columbia Sportswear by 231.7% in the second 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 during the period. Balyasny Asset Management L.P. bought a new position in Columbia Sportswear during the 4th quarter worth $12,135,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Columbia Sportswear during the 2nd quarter worth about $12,238,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on COLM shares. Citigroup restated a “neutral” rating and set a $67.00 price objective (up from $65.00) on shares of Columbia Sportswear in a research report on Monday, May 4th. UBS Group restated a “sell” rating and set a $47.00 price target (up from $44.00) on shares of Columbia Sportswear in a report on Friday, May 1st. BTIG Research upped their price objective on shares of Columbia Sportswear from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Weiss Ratings cut shares of Columbia Sportswear from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. Finally, Zacks Research upgraded shares of Columbia Sportswear from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Columbia Sportswear has an average rating of “Hold” and an average price target of $62.67.

Insider Activity

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

Columbia Sportswear Stock Performance

Shares of COLM opened at $62.97 on Friday. The firm has a market capitalization of $3.22 billion, a P/E ratio of 20.05 and a beta of 0.94. Columbia Sportswear Company has a 52 week low of $47.47 and a 52 week high of $69.06. The stock has a 50 day moving average price of $63.44 and a two-hundred day moving average price of $59.67.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, April 30th. The textile maker reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.30. Columbia Sportswear had a return on equity of 11.78% and a net margin of 4.98%.The company had revenue of $779.01 million for the quarter, compared to analysts’ expectations of $758.26 million. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Columbia Sportswear’s quarterly revenue was up .1% on a year-over-year basis. 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. On average, equities analysts forecast that Columbia Sportswear Company will post 3.86 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a $0.30 dividend. The ex-dividend date was Thursday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 1.9%. Columbia Sportswear’s dividend payout ratio is presently 38.22%.

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.