Tassel Capital Management Inc. Makes New Investment in Columbia Sportswear Company $COLM

Key Points

• Tassel Capital Management acquired 447,838 shares of Columbia Sportswear worth approximately $10.1 million, making COLM its eighth-largest holding and representing about 0.88% of the company.
• Institutional ownership stands at 47.76%, while analyst sentiment remains mixed: two analysts rate the stock a Buy, three rate it Hold and one rates it Sell. The consensus rating is Hold with a $65.40 price target.
• Columbia Sportswear exceeded quarterly expectations with $0.52 EPS versus a $0.39 loss estimate and $614.36 million in revenue. The company also declared a $0.30 quarterly dividend, equivalent to a 2.1% annual yield.

Tassel Capital Management Inc. bought a new stake in Columbia Sportswear Company (NASDAQ:COLM - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 447,838 shares of the textile maker's stock, valued at approximately $10,085,000. Columbia Sportswear makes up approximately 4.8% of Tassel Capital Management Inc.'s holdings, making the stock its 8th largest holding. Tassel Capital Management Inc. owned approximately 0.88% of Columbia Sportswear at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in Columbia Sportswear by 195.4% in the 4th 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 in the last quarter. Allworth Financial LP raised its holdings in Columbia Sportswear by 690.0% during the third quarter. Allworth Financial LP now owns 553 shares of the textile maker's stock worth $29,000 after purchasing an additional 483 shares during the last quarter. Parallel Advisors LLC boosted its position in Columbia Sportswear by 250.0% during the third quarter. Parallel Advisors LLC now owns 581 shares of the textile maker's stock worth $30,000 after purchasing an additional 415 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Columbia Sportswear during the second quarter worth $32,000. Finally, Trust Co. of Vermont acquired a new stake in Columbia Sportswear in the second quarter valued at $39,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Columbia Sportswear Stock Up 1.6%

NASDAQ:COLM opened at $57.79 on Friday. The company has a market cap of $2.96 billion, a P/E ratio of 15.01 and a beta of 0.94. The firm's 50 day moving average is $60.54 and its two-hundred day moving average is $60.59. Columbia Sportswear Company has a fifty-two week low of $47.47 and a fifty-two week high of $69.06.

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 the consensus estimate of ($0.39) by $0.91. The company 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 business's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.19) EPS. 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. Research analysts forecast that Columbia Sportswear Company will post 3.58 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

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