Heartland Advisors Inc. Makes New $15.46 Million Investment in Columbia Sportswear Company $COLM

Heartland Advisors Inc. acquired a new stake in Columbia Sportswear Company (NASDAQ:COLM) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 250,091 shares of the textile maker’s stock, valued at approximately $15,461,000.

Several other large investors also recently modified their holdings of the stock. Millennium Management LLC boosted its holdings in shares of Columbia Sportswear by 24.6% during the 1st quarter. Millennium Management LLC now owns 142,956 shares of the textile maker’s stock worth $10,820,000 after buying an additional 28,269 shares during the period. Jones Financial Companies Lllp grew its stake 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Columbia Sportswear by 2.4% in 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 valued at $8,675,000 after acquiring an additional 2,680 shares during the period. Jane Street Group LLC raised its holdings in Columbia Sportswear by 125.0% in the 1st quarter. Jane Street Group LLC now owns 115,294 shares of the textile maker’s stock valued at $8,727,000 after acquiring an additional 64,046 shares during the period. Finally, Prudential Financial Inc. lifted its position in Columbia Sportswear by 11.7% during 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 during the last quarter. 47.76% of the stock is owned by institutional investors.

Columbia Sportswear Stock Up 1.5%

Shares of Columbia Sportswear stock opened at $60.33 on Friday. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 15.67 and a beta of 0.94. Columbia Sportswear Company has a twelve month low of $47.47 and a twelve month high of $69.06. The company has a 50-day simple moving average of $61.85 and a two-hundred day simple moving average of $60.82.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, July 30th. The textile maker reported $0.52 EPS for the quarter, topping the consensus estimate of ($0.39) by $0.91. Columbia Sportswear had a net margin of 6.05% and a return on equity of 11.20%. The company had revenue of $614.36 million for the quarter, compared to analysts’ expectations of $606.97 million. During the same period last year, the firm earned ($0.19) earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. 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. On average, sell-side analysts anticipate that Columbia Sportswear Company will post 3.58 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, August 20th. Columbia Sportswear’s dividend payout ratio (DPR) is 31.17%.

Insider Buying and Selling at Columbia Sportswear

In other news, Director Ronald E. Nelson sold 4,080 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $67.78, for a total transaction of $276,542.40. Following the completion of the sale, the director directly owned 22,789 shares in the company, valued at approximately $1,544,638.42. This represents a 15.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen E. Babson sold 4,150 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $67.95, for a total value of $281,992.50. Following the sale, the director directly owned 132,376 shares in the company, valued at approximately $8,994,949.20. This trade represents a 3.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 51.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Weiss Ratings upgraded Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday. Stifel Nicolaus set a $67.00 price target on Columbia Sportswear and gave the stock a “buy” rating in a report on Friday, July 31st. Robert W. Baird set a $65.00 price target on Columbia Sportswear in a report on Friday, July 31st. BTIG Research restated a “buy” rating and issued a $80.00 price target on shares of Columbia Sportswear in a research note on Friday, July 31st. Finally, Citigroup reaffirmed a “neutral” rating and issued a $68.00 price objective (up from $67.00) on shares of Columbia Sportswear in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $65.40.

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.