Murphy Pohlad Asset Management LLC Purchases New Holdings in Columbia Sportswear Company $COLM

Murphy Pohlad Asset Management LLC acquired a new stake in shares of Columbia Sportswear Company (NASDAQ:COLM) in the 3rd quarter, HoldingsChannel reports. The firm acquired 11,520 shares of the textile maker’s stock, valued at approximately $602,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Millennium Management LLC increased its holdings 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 valued at $10,820,000 after purchasing an additional 28,269 shares during the period. Jones Financial Companies Lllp increased its stake in Columbia Sportswear by 208.3% in 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 position in 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 worth $8,675,000 after buying an additional 2,680 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Columbia Sportswear by 125.0% in 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 during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Columbia Sportswear in the second quarter valued at about $425,000. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

COLM has been the subject of several analyst reports. BTIG Research reissued a “buy” rating and set a $75.00 price target on shares of Columbia Sportswear in a report on Friday, January 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Columbia Sportswear in a research note on Monday, December 29th. Wall Street Zen raised Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. UBS Group reaffirmed a “sell” rating and set a $44.00 price objective (up previously from $39.00) on shares of Columbia Sportswear in a report on Wednesday. Finally, Citigroup reiterated a “neutral” rating and issued a $62.00 price objective (up previously from $55.00) on shares of Columbia Sportswear in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $60.50.

Columbia Sportswear Price Performance

COLM opened at $63.07 on Friday. Columbia Sportswear Company has a 1-year low of $47.47 and a 1-year high of $92.88. The stock has a market cap of $3.40 billion, a P/E ratio of 19.47 and a beta of 0.91. The stock’s 50 day simple moving average is $55.66 and its 200 day simple moving average is $54.32.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Tuesday, February 3rd. The textile maker reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.51. Columbia Sportswear had a return on equity of 12.03% and a net margin of 5.22%.The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $1.80 earnings per share. Columbia Sportswear’s quarterly revenue was down 2.4% compared to the same quarter last year. Columbia Sportswear has set its FY 2026 guidance at 3.200-3.650 EPS and its Q1 2026 guidance at 0.290-0.370 EPS. Research analysts expect that Columbia Sportswear Company will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 9th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, March 9th. Columbia Sportswear’s dividend payout ratio is presently 37.04%.

About Columbia Sportswear

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.