20,847 Shares in Columbia Sportswear Company $COLM Purchased by Hsbc Holdings PLC

Key Points

• HSBC Holdings purchased 20,847 shares of Columbia Sportswear in the second quarter, valued at approximately $1.28 million. Several other institutional investors also established new positions, with institutions and hedge funds owning 47.76% of the company.
• Columbia Sportswear reported quarterly revenue of $614.36 million and adjusted earnings of $0.52 per share, exceeding analyst expectations; revenue increased 1.5% year over year. The stock opened at $57.40, down 1.1%, with a market capitalization of about $2.94 billion.
• The company declared a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 2.1% yield. Analysts’ consensus rating is “Hold,” with an average price target of $65.40.

Hsbc Holdings PLC bought a new stake in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,847 shares of the textile maker's stock, valued at approximately $1,280,000.

Several other institutional investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new stake in Columbia Sportswear during the second quarter worth about $513,000. Legal & General Group Plc purchased a new position in shares of Columbia Sportswear in the second quarter valued at approximately $1,864,000. The Manufacturers Life Insurance Company acquired a new position in shares of Columbia Sportswear in the second quarter valued at approximately $943,000. Sanctuary Advisors LLC acquired a new position in shares of Columbia Sportswear in the second quarter valued at approximately $206,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Columbia Sportswear during the 2nd quarter worth approximately $364,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Columbia Sportswear Trading Down 1.1%

NASDAQ:COLM opened at $57.40 on Tuesday. The firm has a market cap of $2.94 billion, a P/E ratio of 14.91 and a beta of 0.94. Columbia Sportswear Company has a 12-month low of $47.47 and a 12-month high of $69.06. The stock's 50 day simple moving average is $60.96 and its 200-day simple moving average is $60.70.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of ($0.39) by $0.91. Columbia Sportswear had a net margin of 6.05% and a return on equity of 11.20%. The business had revenue of $614.36 million for the quarter, compared to analysts' expectations of $606.97 million. During the same period in the prior year, the company posted ($0.19) EPS. 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. Research analysts forecast that Columbia Sportswear Company will post 3.58 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, August 20th. Columbia Sportswear's dividend payout ratio (DPR) is currently 31.17%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings raised shares of Columbia Sportswear from a "sell (d+)" rating to a "hold (c)" rating in a research report on Monday, August 17th. 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. Zacks Research cut Columbia Sportswear from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 20th. BTIG Research reaffirmed a "buy" rating and issued a $80.00 price target on shares of Columbia Sportswear in a research report on Friday, July 31st. Finally, Wall Street Zen upgraded shares of Columbia Sportswear from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Columbia Sportswear has an average rating of "Hold" and an average price target 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.

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