119,949 Shares in Columbia Sportswear Company $COLM Purchased by Danske Bank A S

Danske Bank A S acquired a new stake in Columbia Sportswear Company (NASDAQ:COLM) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 119,949 shares of the textile maker’s stock, valued at approximately $7,415,000.

A number of other hedge funds also recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its stake in shares of Columbia Sportswear by 195.4% during the 4th quarter. Farther Finance Advisors LLC now owns 449 shares of the textile maker’s stock worth $25,000 after acquiring an additional 297 shares during the period. Allworth Financial LP lifted its holdings in Columbia Sportswear by 690.0% during the 3rd quarter. Allworth Financial LP now owns 553 shares of the textile maker’s stock valued at $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 during the period. Trust Co. of Vermont acquired a new position in shares of Columbia Sportswear in the second quarter valued at $39,000. Finally, Jones Financial Companies Lllp increased 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. 47.76% of the stock is owned by institutional investors and hedge funds.

Columbia Sportswear Stock Performance

NASDAQ:COLM opened at $60.33 on Friday. Columbia Sportswear Company has a 52 week low of $47.47 and a 52 week high of $69.06. The firm’s 50-day simple moving average is $61.85 and its 200 day simple moving average is $60.82. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 15.67 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last posted 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 net margin of 6.05% and a return on equity of 11.20%. The firm had revenue of $614.36 million during the quarter, compared to the consensus estimate of $606.97 million. During the same quarter in the previous year, the firm posted ($0.19) EPS. The business’s revenue for the quarter 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. 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 declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, August 20th. Columbia Sportswear’s payout ratio is 31.17%.

Analyst Ratings Changes

COLM has been the subject of a number of research reports. UBS Group restated a “sell” rating and set a $47.00 target price (up from $44.00) on shares of Columbia Sportswear in a research note on Friday, May 1st. BTIG Research reiterated a “buy” rating and issued a $80.00 price target on shares of Columbia Sportswear in a research note on Friday, July 31st. Robert W. Baird set a $65.00 price objective on shares of Columbia Sportswear in a research report 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 report on Friday, July 31st. Finally, Citigroup reiterated a “neutral” rating and set 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 given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $65.40.

Insider Buying and Selling

In other Columbia Sportswear news, Director Stephen E. Babson sold 4,150 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $67.95, for a total transaction of $281,992.50. Following the transaction, the director owned 132,376 shares in the company, valued at $8,994,949.20. This trade represents a 3.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald E. Nelson sold 4,080 shares of Columbia Sportswear stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $67.78, for a total value of $276,542.40. Following the completion of the transaction, the director directly owned 22,789 shares of the company’s stock, valued at $1,544,638.42. This represents a 15.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 51.90% of the company’s stock.

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.