BlackRock Inc. Invests $152.16 Million in Columbia Sportswear Company $COLM

BlackRock Inc. acquired a new position in Columbia Sportswear Company (NASDAQ:COLM - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,461,397 shares of the textile maker's stock, valued at approximately $152,164,000. BlackRock Inc. owned approximately 4.81% of Columbia Sportswear as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in Columbia Sportswear by 195.4% in the fourth quarter. Farther Finance Advisors LLC now owns 449 shares of the textile maker's stock valued at $25,000 after purchasing an additional 297 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Columbia Sportswear by 690.0% during the 3rd quarter. Allworth Financial LP now owns 553 shares of the textile maker's stock valued at $29,000 after buying an additional 483 shares in the last quarter. Parallel Advisors LLC grew its stake in Columbia Sportswear by 250.0% in the 3rd quarter. Parallel Advisors LLC now owns 581 shares of the textile maker's stock valued at $30,000 after buying an additional 415 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of Columbia Sportswear during the 2nd quarter valued at $39,000. Finally, Jones Financial Companies Lllp lifted its holdings in Columbia Sportswear by 208.3% during the 1st quarter. Jones Financial Companies Lllp now owns 555 shares of the textile maker's stock worth $42,000 after purchasing an additional 375 shares in the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Columbia Sportswear Trading Up 2.1%

Columbia Sportswear stock opened at $58.01 on Friday. Columbia Sportswear Company has a 12-month low of $47.47 and a 12-month high of $69.06. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 15.07 and a beta of 0.94. The firm has a 50 day moving average of $61.10 and a 200 day moving average of $60.75.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, beating 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 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 firm posted ($0.19) EPS. Columbia Sportswear's revenue for the quarter was up 1.5% compared to the same quarter last year. 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 predict that Columbia Sportswear Company will post 3.58 EPS for the current year.

Columbia Sportswear Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Columbia Sportswear from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 8th. Citigroup reiterated a "neutral" rating and set a $68.00 price target (up from $67.00) on shares of Columbia Sportswear in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Columbia Sportswear from a "sell (d+)" rating to a "hold (c)" rating in a report on Monday, August 17th. UBS Group reaffirmed a "sell" rating and issued a $47.00 target price (up from $44.00) on shares of Columbia Sportswear in a research report on Friday, May 1st. Finally, Robert W. Baird set a $65.00 price target on shares of Columbia Sportswear in a report on Friday, July 31st. Two 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.com, the company has a consensus rating of "Hold" and an average 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.

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