GSA Capital Partners LLP Makes New Investment in Columbia Sportswear Company $COLM

GSA Capital Partners LLP acquired a new stake in shares of Columbia Sportswear Company (NASDAQ:COLM) in the second quarter, Holdings Channel.com reports. The fund acquired 37,715 shares of the textile maker’s stock, valued at approximately $2,332,000.

A number of other hedge funds have also modified their holdings of the stock. Millennium Management LLC boosted its position in shares of Columbia Sportswear by 24.6% in the 1st quarter. Millennium Management LLC now owns 142,956 shares of the textile maker’s stock valued at $10,820,000 after purchasing an additional 28,269 shares during the period. Jones Financial Companies Lllp lifted its stake in Columbia Sportswear by 208.3% during the first 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings 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 buying an additional 2,680 shares during the period. Jane Street Group LLC increased 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 acquiring an additional 64,046 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Columbia Sportswear by 11.7% during the second quarter. Prudential Financial Inc. now owns 3,333 shares of the textile maker’s stock valued at $204,000 after acquiring an additional 350 shares during the period. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Columbia Sportswear Price Performance

Shares of NASDAQ COLM opened at $57.42 on Friday. Columbia Sportswear Company has a one year low of $47.47 and a one year high of $69.06. The business’s 50-day moving average price is $62.52 and its two-hundred day moving average price is $60.65. The company has a market capitalization of $2.94 billion, a P/E ratio of 14.91 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly 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. The business had revenue of $614.36 million during the quarter, compared to analyst estimates of $606.97 million. Columbia Sportswear had a return on equity of 11.20% and a net margin of 6.05%.The firm’s revenue was up 1.5% on a year-over-year basis. 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. On average, equities analysts anticipate that Columbia Sportswear Company will post 3.58 EPS for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given 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 is Thursday, August 20th. Columbia Sportswear’s dividend payout ratio is presently 31.17%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Zacks Research cut shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings lowered Columbia Sportswear from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, August 3rd. BTIG Research reissued a “buy” rating and issued a $80.00 price objective on shares of Columbia Sportswear in a research note on Friday, July 31st. Robert W. Baird set a $65.00 target price on Columbia Sportswear in a research note on Friday, July 31st. Finally, Stifel Nicolaus set a $67.00 target price on Columbia Sportswear and gave the company a “buy” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $65.40.

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.