Public Employees Retirement System of Ohio Takes Position in Columbia Sportswear Company $COLM

Public Employees Retirement System of Ohio acquired a new position in shares of Columbia Sportswear Company (NASDAQ:COLM) in the 2nd quarter, Holdings Channel reports. The fund acquired 9,884 shares of the textile maker’s stock, valued at approximately $611,000.

Other institutional investors also recently modified their holdings of the company. Capstone Investment Advisors LLC purchased a new stake in Columbia Sportswear in the second quarter valued at approximately $2,467,000. Redwood Investment Management LLC purchased a new position in Columbia Sportswear in the 2nd quarter worth approximately $1,176,000. Corient Private Wealth LP bought a new position in shares of Columbia Sportswear in the 2nd quarter worth $500,000. Bank of America Corp DE bought a new position in shares of Columbia Sportswear in the 2nd quarter worth $15,746,000. Finally, Man Group plc bought a new position in shares of Columbia Sportswear in the 2nd quarter worth $10,327,000. 47.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on COLM shares. BTIG Research reaffirmed a “buy” rating and set a $80.00 price objective on shares of Columbia Sportswear in a report on Friday, July 31st. Robert W. Baird set a $65.00 price target on Columbia Sportswear in a research note on Friday, July 31st. Weiss Ratings upgraded Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Zacks Research cut Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, Wall Street Zen downgraded Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $65.40.

Columbia Sportswear Stock Performance

COLM stock opened at $56.42 on Friday. Columbia Sportswear Company has a 52 week low of $47.47 and a 52 week high of $69.06. The firm’s fifty day moving average is $59.95 and its 200 day moving average is $60.36. The firm has a market cap of $2.89 billion, a P/E ratio of 14.65 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.52 earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.91. The business had revenue of $614.36 million during the quarter, compared to the consensus estimate of $606.97 million. Columbia Sportswear had a net margin of 6.05% and a return on equity of 11.20%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.19) earnings per share. Columbia Sportswear has set its Q3 2026 guidance at 1.150-1.350 EPS and its FY 2026 guidance at 4.450-4.900 EPS. As a group, analysts forecast that Columbia Sportswear Company will post 3.58 EPS for the current year.

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were issued a $0.30 dividend. The ex-dividend date was Thursday, August 20th. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. Columbia Sportswear’s payout ratio is currently 31.17%.

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.