Legal & General Group Plc Invests $1.86 Million in Columbia Sportswear Company $COLM

Key Points

• Legal & General Group Plc acquired 30,145 shares of Columbia Sportswear in the second quarter, valued at approximately $1.86 million and representing a 0.06% stake. Institutional investors and hedge funds collectively own 47.76% of the company.
• Analyst sentiment is mixed, with two Buy ratings, three Holds and one Sell; the stock has an average rating of Hold and an average price target of $65.40.
• Columbia Sportswear exceeded quarterly expectations, reporting $0.52 in EPS and $614.36 million in revenue, while revenue rose 1.5% year over year. The company also maintains a quarterly dividend of $0.30 per share, equivalent to a 2.1% yield.

Legal & General Group Plc acquired a new stake in Columbia Sportswear Company (NASDAQ:COLM - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 30,145 shares of the textile maker's stock, valued at approximately $1,864,000. Legal & General Group Plc owned 0.06% of Columbia Sportswear at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Fluent Financial LLC bought a new position in shares of Columbia Sportswear during the second quarter valued at $1,737,000. Deprince Race & Zollo Inc. bought a new stake in shares of Columbia Sportswear in the first quarter worth $27,407,000. Northwestern Mutual Wealth Management Co. increased its holdings in Columbia Sportswear by 388,140.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 163,061 shares of the textile maker's stock valued at $9,179,000 after purchasing an additional 163,019 shares during the period. Bessemer Group Inc. increased its holdings in Columbia Sportswear by 51.9% in the first quarter. Bessemer Group Inc. now owns 87,764 shares of the textile maker's stock valued at $4,810,000 after purchasing an additional 29,974 shares during the period. Finally, Hsbc Holdings PLC bought a new position in Columbia Sportswear during the 4th quarter worth $2,826,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on COLM shares. Citigroup reaffirmed a "neutral" rating and set a $68.00 target price (up from $67.00) on shares of Columbia Sportswear in a report on Wednesday, July 22nd. BTIG Research restated a "buy" rating and set a $80.00 price objective on shares of Columbia Sportswear in a research report on Friday, July 31st. Wall Street Zen lowered Columbia Sportswear from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Stifel Nicolaus set a $67.00 target price on Columbia Sportswear and gave the company a "buy" rating in a report on Friday, July 31st. Finally, 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. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Columbia Sportswear has an average rating of "Hold" and an average target price of $65.40.

Columbia Sportswear Stock Performance

Shares of Columbia Sportswear stock opened at $57.72 on Monday. The business has a 50-day moving average price of $60.40 and a two-hundred day moving average price of $60.55. Columbia Sportswear Company has a 1-year low of $47.47 and a 1-year high of $69.06. The company has a market cap of $2.95 billion, a P/E ratio of 14.99 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its quarterly earnings data 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 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 earned ($0.19) EPS. The firm's revenue 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. Equities research analysts forecast that Columbia Sportswear Company will post 3.58 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

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

About Columbia Sportswear

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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