Bank of New York Mellon Corp Makes New $16.69 Million Investment in Columbia Sportswear Company $COLM

Key Points

• Bank of New York Mellon acquired 269,992 Columbia Sportswear shares worth approximately $16.69 million, representing about 0.53% of the company. Institutional investors collectively own 47.76% of COLM.
• Columbia Sportswear reported quarterly EPS of $0.52, beating estimates by $0.91, while revenue rose 1.5% year over year to $614.36 million. The stock opened at $57.40, below its 50- and 200-day moving averages.
• The company declared a quarterly dividend of $0.30 per share, equivalent to an annualized yield of about 2.1%. Analysts maintain a consensus “Hold” rating with a $65.40 target price.

Bank of New York Mellon Corp purchased a new position in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 269,992 shares of the textile maker's stock, valued at approximately $16,691,000. Bank of New York Mellon Corp owned approximately 0.53% of Columbia Sportswear at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in COLM. GAMMA Investing LLC raised its position in Columbia Sportswear by 6.5% during the second quarter. GAMMA Investing LLC now owns 2,656 shares of the textile maker's stock valued at $164,000 after acquiring an additional 162 shares in the last quarter. Cetera Investment Advisers lifted its stake in Columbia Sportswear by 4.3% in the fourth quarter. Cetera Investment Advisers now owns 4,115 shares of the textile maker's stock valued at $227,000 after acquiring an additional 168 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Columbia Sportswear by 4.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 5,216 shares of the textile maker's stock worth $286,000 after acquiring an additional 200 shares in the last quarter. Bank of Montreal Can grew its position in Columbia Sportswear by 3.9% in the fourth quarter. Bank of Montreal Can now owns 5,322 shares of the textile maker's stock worth $293,000 after acquiring an additional 200 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Columbia Sportswear by 43.6% during the 1st quarter. Parallel Advisors LLC now owns 817 shares of the textile maker's stock worth $45,000 after purchasing an additional 248 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Columbia Sportswear Stock Performance

NASDAQ COLM opened at $57.40 on Tuesday. The stock has a 50-day simple moving average of $60.96 and a 200 day simple moving average of $60.70. Columbia Sportswear Company has a twelve month low of $47.47 and a twelve month high of $69.06. The stock has a market capitalization of $2.94 billion, a PE ratio of 14.91 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly 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 return on equity of 11.20% and a net margin of 6.05%.The company had revenue of $614.36 million for the quarter, compared to the consensus estimate of $606.97 million. During the same period in the previous year, the business posted ($0.19) EPS. The company'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. As a group, equities 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 announced 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. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.20 dividend on an annualized basis and a yield of 2.1%. Columbia Sportswear's payout ratio is 31.17%.

Analyst Upgrades and Downgrades

COLM has been the topic of several analyst reports. Robert W. Baird set a $65.00 target price on shares of Columbia Sportswear in a research report on Friday, July 31st. 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. Wall Street Zen upgraded Columbia Sportswear from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Weiss Ratings upgraded Columbia Sportswear from a "sell (d+)" rating to a "hold (c)" rating in a research note on Monday, August 17th. Finally, Citigroup reissued a "neutral" rating and set a $68.00 price objective (up from $67.00) on shares of Columbia Sportswear in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $65.40.

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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