Legal & General Group Plc Makes New Investment in Columbia Sportswear Company $COLM

Legal & General Group Plc purchased a new stake in Columbia Sportswear Company (NASDAQ:COLM) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 30,145 shares of the textile maker’s stock, valued at approximately $1,864,000.

Other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC grew its stake in shares of 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 buying an additional 28,269 shares during the period. Jones Financial Companies Lllp increased its position in 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 buying an additional 375 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Columbia Sportswear by 2.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 114,611 shares of the textile maker’s stock worth $8,675,000 after buying an additional 2,680 shares during the period. Jane Street Group LLC raised its stake in Columbia Sportswear by 125.0% during the 1st 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, Prudential Financial Inc. boosted its holdings in Columbia Sportswear by 11.7% in the second quarter. Prudential Financial Inc. now owns 3,333 shares of the textile maker’s stock worth $204,000 after acquiring an additional 350 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Price Performance

Shares of Columbia Sportswear stock opened at $57.72 on Monday. Columbia Sportswear Company has a 52 week low of $47.47 and a 52 week high of $69.06. The business has a 50 day moving average price of $60.40 and a 200-day moving average price of $60.55. The company has a market cap of $2.95 billion, a PE ratio of 14.99 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, July 30th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.91. The company had revenue of $614.36 million for the quarter, compared to analysts’ expectations of $606.97 million. Columbia Sportswear had a return on equity of 11.20% and a net margin of 6.05%.Columbia Sportswear’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($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, research analysts anticipate that Columbia Sportswear Company will post 3.58 EPS for the current year.

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid 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 dividend payout ratio is presently 31.17%.

Analysts Set New Price Targets

Several research firms have recently commented on COLM. Robert W. Baird set a $65.00 price objective on Columbia Sportswear in a report on Friday, July 31st. Citigroup reiterated a “neutral” rating and issued a $68.00 target price (up from $67.00) on shares of Columbia Sportswear in a report on Wednesday, July 22nd. Wall Street Zen downgraded shares of Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus set a $67.00 price target on shares of Columbia Sportswear and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, BTIG Research reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Columbia Sportswear in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Columbia Sportswear presently has a consensus rating of “Hold” and a consensus target price of $65.40.

Columbia Sportswear 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.