26,731 Shares in Columbia Sportswear Company $COLM Bought by Empowered Funds LLC

Key Points

• Empowered Funds LLC bought 26,731 shares of Columbia Sportswear worth approximately $1.47 million, while institutional investors collectively own 47.76% of the company.
• Columbia Sportswear reported quarterly revenue of $614.36 million and earnings of $0.52 per share, exceeding analysts’ expectations; revenue increased 1.5% year over year.
• The stock carries a consensus “Hold” rating with an average price target of $65.40. The company also declared a quarterly dividend of $0.30 per share, yielding about 2.1% annually.

Empowered Funds LLC purchased a new stake in Columbia Sportswear Company (NASDAQ:COLM - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 26,731 shares of the textile maker's stock, valued at approximately $1,465,000. Empowered Funds LLC owned about 0.05% of Columbia Sportswear at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of COLM. Quantinno Capital Management LP increased its stake in shares of Columbia Sportswear by 7.6% during the 1st quarter. Quantinno Capital Management LP now owns 292,953 shares of the textile maker's stock worth $16,057,000 after purchasing an additional 20,797 shares during the last quarter. SummitTX Capital L.P. acquired a new stake in shares of Columbia Sportswear in the first quarter valued at approximately $376,000. Lombard Odier Asset Management USA Corp bought a new position in shares of Columbia Sportswear during the 1st quarter worth approximately $316,000. Renaissance Technologies LLC boosted its stake in shares of Columbia Sportswear by 779.9% during the 1st quarter. Renaissance Technologies LLC now owns 118,802 shares of the textile maker's stock worth $6,512,000 after acquiring an additional 105,300 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Columbia Sportswear by 506.4% during the 1st quarter. Sei Investments Co. now owns 47,019 shares of the textile maker's stock worth $2,577,000 after acquiring an additional 39,265 shares during the last quarter. Institutional investors own 47.76% of the company's stock.

Columbia Sportswear Stock Up 0.1%

NASDAQ:COLM opened at $57.36 on Friday. Columbia Sportswear Company has a twelve month low of $47.47 and a twelve month high of $69.06. The stock's 50-day simple moving average is $63.36 and its 200 day simple moving average is $60.52. The firm has a market capitalization of $2.93 billion, a PE ratio of 14.90 and a beta of 0.94.

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, beating analysts' consensus estimates of ($0.39) by $0.91. The company had revenue of $614.36 million for 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 quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company posted ($0.19) EPS. 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, analysts anticipate that Columbia Sportswear Company will post 3.58 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, August 20th. Columbia Sportswear's payout ratio is 31.17%.

Wall Street Analysts Forecast Growth

COLM has been the subject of several research reports. Weiss Ratings downgraded Columbia Sportswear from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday. Citigroup reiterated 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. Robert W. Baird set a $65.00 target price on shares of Columbia Sportswear in a report on Friday, July 31st. BTIG Research reaffirmed a "buy" rating and set a $80.00 target price on shares of Columbia Sportswear in a report on Friday, July 31st. Finally, Zacks Research cut shares of Columbia Sportswear from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $65.40.

Insider Activity

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

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.

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