The Manufacturers Life Insurance Company Invests $943,000 in Columbia Sportswear Company $COLM

The Manufacturers Life Insurance Company acquired a new position in shares of Columbia Sportswear Company (NASDAQ:COLM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 15,256 shares of the textile maker’s stock, valued at approximately $943,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC boosted its position in Columbia Sportswear by 24.6% during the 1st quarter. Millennium Management LLC now owns 142,956 shares of the textile maker’s stock worth $10,820,000 after acquiring an additional 28,269 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Columbia Sportswear by 208.3% in the first quarter. Jones Financial Companies Lllp now owns 555 shares of the textile maker’s stock valued at $42,000 after purchasing an additional 375 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Columbia Sportswear by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 114,611 shares of the textile maker’s stock worth $8,675,000 after purchasing an additional 2,680 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Columbia Sportswear by 125.0% in the first quarter. Jane Street Group LLC now owns 115,294 shares of the textile maker’s stock worth $8,727,000 after purchasing an additional 64,046 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in Columbia Sportswear by 11.7% during the second quarter. Prudential Financial Inc. now owns 3,333 shares of the textile maker’s stock worth $204,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. 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. 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. Zacks Research downgraded shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Robert W. Baird set a $65.00 price objective on Columbia Sportswear in a report on Friday, July 31st. Finally, BTIG Research reaffirmed a “buy” rating and issued a $80.00 target price on shares of Columbia Sportswear in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $65.40.

Columbia Sportswear Trading Down 0.1%

NASDAQ COLM opened at $57.72 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 50 day moving average of $60.40 and a 200-day moving average of $60.57. The company has a market cap of $2.95 billion, a PE ratio of 14.99 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, July 30th. The textile maker reported $0.52 earnings per share for the quarter, topping 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 business 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 company earned ($0.19) earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. 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. As a group, sell-side analysts predict that Columbia Sportswear Company will post 3.58 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, August 20th. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. Columbia Sportswear’s payout ratio is currently 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.