Heartland Advisors Inc. Acquires New Stake in Columbia Sportswear Company $COLM

Key Points

• Heartland Advisors acquired a new 250,091-share stake in Columbia Sportswear during the second quarter, worth approximately $15.5 million and representing 0.49% of the company. Institutional investors collectively own 47.76% of the stock.
• 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 company issued third-quarter EPS guidance of $1.15–$1.35 and full-year guidance of $4.45–$4.90.
• Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating and a consensus price target of $65.40. Columbia also declared a quarterly dividend of $0.30 per share, equivalent to a 2.0% annual yield.

Heartland Advisors Inc. bought 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 bought 250,091 shares of the textile maker's stock, valued at approximately $15,461,000. Heartland Advisors Inc. owned 0.49% of Columbia Sportswear at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in COLM. GAMMA Investing LLC lifted its holdings in shares of Columbia Sportswear by 6.5% in the second quarter. GAMMA Investing LLC now owns 2,656 shares of the textile maker's stock valued at $164,000 after purchasing an additional 162 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Columbia Sportswear by 4.3% during the fourth quarter. Cetera Investment Advisers now owns 4,115 shares of the textile maker's stock worth $227,000 after buying an additional 168 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of Columbia Sportswear by 4.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 5,216 shares of the textile maker's stock worth $286,000 after buying an additional 200 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Columbia Sportswear by 3.9% during the fourth quarter. Bank of Montreal Can now owns 5,322 shares of the textile maker's stock worth $293,000 after buying an additional 200 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Columbia Sportswear by 43.6% in the 1st quarter. Parallel Advisors LLC now owns 817 shares of the textile maker's stock valued at $45,000 after buying an additional 248 shares during the last quarter. Institutional investors own 47.76% of the company's stock.

Insider Activity

In related news, Director Ronald E. Nelson sold 4,080 shares of the firm's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $67.78, for a total value 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 trade represents a 15.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen E. Babson sold 4,150 shares of Columbia Sportswear stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $67.95, for a total value of $281,992.50. Following the transaction, the director owned 132,376 shares of the company's stock, valued at $8,994,949.20. The trade was a 3.04% decrease in their position. The disclosure for this sale is available in the SEC filing. 51.90% of the stock is owned by insiders.

Analyst Ratings Changes

COLM has been the subject of a number of recent research reports. Citigroup reaffirmed a "neutral" rating and set a $68.00 price target (up from $67.00) on shares of Columbia Sportswear in a research report on Wednesday, July 22nd. BTIG Research reissued a "buy" rating and issued a $80.00 price objective on shares of Columbia Sportswear in a research report on Friday, July 31st. Wall Street Zen upgraded shares of Columbia Sportswear from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 8th. Robert W. Baird set a $65.00 price target on shares of Columbia Sportswear in a research note on Friday, July 31st. Finally, Stifel Nicolaus set a $67.00 price target on shares of Columbia Sportswear and gave the stock a "buy" rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Columbia Sportswear currently has an average rating of "Hold" and a consensus price target of $65.40.

Columbia Sportswear Stock Up 1.5%

Shares of Columbia Sportswear stock opened at $60.33 on Friday. Columbia Sportswear Company has a 12-month low of $47.47 and a 12-month high of $69.06. The stock has a market cap of $3.09 billion, a P/E ratio of 15.67 and a beta of 0.94. The business's 50 day moving average is $61.85 and its 200-day moving average is $60.82.

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

Columbia Sportswear Announces Dividend

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

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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