Squarepoint Ops LLC Raises Stock Holdings in Columbia Sportswear Company $COLM

Squarepoint Ops LLC raised its position in shares of Columbia Sportswear Company (NASDAQ:COLM) by 129.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 167,161 shares of the textile maker’s stock after purchasing an additional 94,377 shares during the quarter. Squarepoint Ops LLC’s holdings in Columbia Sportswear were worth $10,334,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Allworth Financial LP raised its stake in shares of Columbia Sportswear by 690.0% in 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% in the third quarter. Parallel Advisors LLC now owns 581 shares of the textile maker’s stock valued at $30,000 after buying an additional 415 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Columbia Sportswear in the 2nd quarter worth approximately $32,000. Trust Co. of Vermont purchased a new position in Columbia Sportswear during the 2nd quarter worth approximately $39,000. Finally, Jones Financial Companies Lllp lifted its stake in 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 acquiring an additional 375 shares during the period. 47.76% of the stock is owned by institutional investors and hedge funds.

Columbia Sportswear Price Performance

COLM opened at $56.42 on Friday. The firm has a fifty day moving average price of $59.95 and a 200 day moving average price of $60.36. Columbia Sportswear Company has a 1 year low of $47.47 and a 1 year high of $69.06. The stock has a market cap of $2.89 billion, a P/E ratio of 14.65 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, topping analysts’ consensus estimates of ($0.39) by $0.91. The firm had revenue of $614.36 million for 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 firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($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. Equities analysts expect that Columbia Sportswear Company will post 3.58 EPS for the current year.

Columbia Sportswear Dividend Announcement

The company also recently announced 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. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, August 20th. Columbia Sportswear’s dividend payout ratio is presently 31.17%.

Wall Street Analyst Weigh In

Several analysts have recently commented on COLM shares. Zacks Research downgraded shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Robert W. Baird set a $65.00 price target on shares of Columbia Sportswear in a report on Friday, July 31st. Wall Street Zen downgraded Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Stifel Nicolaus set a $67.00 price objective on Columbia Sportswear and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Citigroup reissued a “neutral” rating and issued a $68.00 price objective (up from $67.00) on shares of Columbia Sportswear in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $65.40.

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.