State of Wyoming increased its position in shares of Columbia Sportswear Company (NASDAQ:COLM – Free Report) by 357.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,708 shares of the textile maker’s stock after buying an additional 8,365 shares during the period. State of Wyoming’s holdings in Columbia Sportswear were worth $615,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC grew its stake in Columbia Sportswear by 63.4% during the third quarter. Signaturefd LLC now owns 1,716 shares of the textile maker’s stock worth $99,000 after purchasing an additional 666 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of Columbia Sportswear in the 3rd quarter worth about $1,172,000. Nisa Investment Advisors LLC lifted its holdings in shares of Columbia Sportswear by 84.6% in the third quarter. Nisa Investment Advisors LLC now owns 2,034 shares of the textile maker’s stock valued at $117,000 after purchasing an additional 932 shares in the last quarter. Mosley Wealth Management lifted its stake in Columbia Sportswear by 42.9% during the 3rd quarter. Mosley Wealth Management now owns 1,853 shares of the textile maker’s stock valued at $113,000 after acquiring an additional 556 shares in the last quarter. Finally, Charles Schwab Trust Co bought a new position in shares of Columbia Sportswear during the third quarter valued at about $459,000. Institutional investors and hedge funds own 47.76% of the company’s stock.
Columbia Sportswear Price Performance
Shares of NASDAQ:COLM opened at $67.54 on Monday. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 14.81 and a beta of 0.88. Columbia Sportswear Company has a one year low of $47.47 and a one year high of $69.06. The firm has a fifty day moving average price of $58.44 and a two-hundred day moving average price of $59.75.
Columbia Sportswear (NASDAQ:COLM – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The textile maker reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.38. The business had revenue of $962.58 million during the quarter, compared to analysts’ expectations of $944.91 million. Columbia Sportswear had a net margin of 6.97% and a return on equity of 11.71%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.41 EPS. Equities research analysts expect that Columbia Sportswear Company will post 4.78 EPS for the current fiscal year.
Columbia Sportswear Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, November 19th. Columbia Sportswear’s dividend payout ratio is presently 26.32%.
Analysts Set New Price Targets
Several research firms have weighed in on COLM. Citigroup reissued a “neutral” rating and issued a $68.00 price objective (up from $67.00) on shares of Columbia Sportswear in a research report on Wednesday, July 22nd. Robert W. Baird set a $65.00 target price on Columbia Sportswear in a research note on Friday, July 31st. Wall Street Zen cut Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 11th. UBS Group reissued a “sell” rating and issued a $49.00 price target on shares of Columbia Sportswear in a report on Friday. Finally, BTIG Research increased their price target on shares of Columbia Sportswear from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Friday. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $66.40.
Get Our Latest Analysis on Columbia Sportswear
Key Headlines Impacting Columbia Sportswear
Here are the key news stories impacting Columbia Sportswear this week:
- Positive Sentiment: Q3 earnings and revenue beat expectations. Columbia reported adjusted earnings of $1.66 per share, up from $1.41 a year earlier and above the $1.25-$1.28 analyst estimates. Revenue reached $962.6 million, compared with expectations of approximately $944.9 million, representing 2% year-over-year growth. Columbia Sportswear Q3 earnings report
- Positive Sentiment: Growth was supported by international operations and direct-to-consumer sales. These areas helped the company outperform quarterly sales expectations and encouraged management to increase its full-year 2026 outlook, slightly above consensus expectations. COLM Q3 earnings beat estimates
- Positive Sentiment: BTIG Research raised its price target. BTIG increased its target for COLM from $80 to $83 and upgraded or reaffirmed a “Buy” rating, implying further upside based on the reported share price. BTIG Research Columbia Sportswear rating
- Neutral Sentiment: Columbia maintained its quarterly dividend. The company declared a $0.30-per-share dividend, or $1.20 annualized, with an approximately 1.8% yield. The stock will trade ex-dividend on November 19, with payment scheduled for December 3. Columbia Sportswear dividend announcement
Columbia Sportswear Company Profile
Columbia Sportswear Company is an outdoor and active lifestyle apparel, footwear, accessories and equipment company headquartered in Portland, Oregon. Founded in 1938 as the Columbia Hat Company, the business has grown into a global outdoor brand focused on products designed for activities such as hiking, skiing, fishing, camping and everyday outdoor use.
The company markets products under the Columbia, Sorel, Mountain Hardwear and prAna brands. Its offerings include jackets, shirts, pants, base layers, footwear, hats, gloves, backpacks and other outdoor accessories.
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