Squarepoint Ops LLC Boosts Stock Holdings in Columbia Sportswear Company $COLM

Key Points

• Institutional investors increased exposure to Columbia Sportswear: Squarepoint Ops LLC boosted its stake by 129.7% to 167,161 shares, while several other funds also added holdings. Institutional investors collectively own 47.76% of the company.
• Analyst sentiment remains cautious: COLM has a consensus “Hold” rating and an average price target of $65.40, compared with a recent share price of $56.42.
• Quarterly results exceeded expectations: Columbia Sportswear reported $0.52 in adjusted EPS and $614.36 million in revenue, beating estimates for both. The company also pays a quarterly dividend of $0.30, equivalent to a 2.1% annual yield.

Squarepoint Ops LLC grew its position in Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 129.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 167,161 shares of the textile maker's stock after acquiring an additional 94,377 shares during the quarter. Squarepoint Ops LLC owned 0.33% of Columbia Sportswear worth $10,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Columbia Sportswear during the 2nd quarter valued at about $152,164,000. Dimensional Fund Advisors LP increased its position in shares of Columbia Sportswear by 15.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,222,770 shares of the textile maker's stock worth $121,824,000 after acquiring an additional 301,277 shares during the period. California State Teachers Retirement System raised its stake in shares of Columbia Sportswear by 4,939.5% during the second quarter. California State Teachers Retirement System now owns 1,530,107 shares of the textile maker's stock valued at $94,591,000 after acquiring an additional 1,499,745 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Columbia Sportswear by 19.6% in the 4th quarter. AQR Capital Management LLC now owns 1,161,128 shares of the textile maker's stock worth $63,967,000 after buying an additional 190,453 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Columbia Sportswear by 1.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,097,123 shares of the textile maker's stock valued at $60,441,000 after acquiring an additional 13,499 shares in the last quarter. Hedge funds and other institutional investors own 47.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on COLM shares. Stifel Nicolaus set a $67.00 target price on shares of Columbia Sportswear and gave the company a "buy" rating in a research report on Friday, July 31st. Zacks Research lowered Columbia Sportswear from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 20th. Wall Street Zen cut Columbia Sportswear from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 5th. Weiss Ratings raised Columbia Sportswear from a "sell (d+)" rating to a "hold (c)" rating in a research report on Monday, August 17th. Finally, Citigroup reiterated a "neutral" rating and issued a $68.00 target price (up from $67.00) on shares of Columbia Sportswear in a research note 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $65.40.

Columbia Sportswear Price Performance

Columbia Sportswear stock opened at $56.42 on Friday. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 14.65 and a beta of 0.94. Columbia Sportswear Company has a 1-year low of $47.47 and a 1-year high of $69.06. The business has a fifty day moving average price of $59.95 and a 200-day moving average price of $60.36.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its earnings results on Thursday, July 30th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $606.97 million. During the same period in the prior year, the company posted ($0.19) EPS. The firm's quarterly 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. On average, equities research analysts anticipate that Columbia Sportswear Company will post 3.58 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

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