Tassel Capital Management Inc. Buys New Stake in Columbia Sportswear Company $COLM

Tassel Capital Management Inc. purchased a new position in shares of Columbia Sportswear Company (NASDAQ:COLM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 447,838 shares of the textile maker’s stock, valued at approximately $10,085,000. Columbia Sportswear accounts for approximately 4.8% of Tassel Capital Management Inc.’s investment portfolio, making the stock its 8th largest position.

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

Analysts Set New Price Targets

Several analysts have issued reports on COLM shares. Zacks Research downgraded shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Robert W. Baird set a $65.00 target price on shares of Columbia Sportswear in a research report on Friday, July 31st. Citigroup restated 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. BTIG Research reaffirmed a “buy” rating and set a $80.00 price target on shares of Columbia Sportswear in a report on Friday, July 31st. Finally, Wall Street Zen raised shares of Columbia Sportswear from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $65.40.

Columbia Sportswear Stock Up 1.6%

COLM stock opened at $57.79 on Friday. The stock’s 50 day moving average is $60.54 and its two-hundred day moving average is $60.59. Columbia Sportswear Company has a 52-week low of $47.47 and a 52-week high of $69.06. The company has a market capitalization of $2.96 billion, a PE ratio of 15.01 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly 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. The business had revenue of $614.36 million during the quarter, compared to the consensus estimate 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 quarter last year, the company 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. As a group, sell-side analysts anticipate that Columbia Sportswear Company will post 3.58 EPS for the current year.

Columbia Sportswear Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, August 20th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 31.17%.

Columbia Sportswear Company 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.