Hsbc Holdings PLC Purchases Shares of 20,847 Columbia Sportswear Company $COLM

Hsbc Holdings PLC acquired a new position in shares of Columbia Sportswear Company (NASDAQ:COLM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,847 shares of the textile maker’s stock, valued at approximately $1,280,000.

A number of other large investors have also added to or reduced their stakes in COLM. Canada Pension Plan Investment Board purchased a new stake in Columbia Sportswear during the 2nd quarter worth approximately $513,000. Legal & General Group Plc acquired a new position in shares of Columbia Sportswear in the 2nd quarter valued at about $1,864,000. The Manufacturers Life Insurance Company acquired a new stake in Columbia Sportswear during the second quarter worth about $943,000. Sanctuary Advisors LLC acquired a new stake in shares of Columbia Sportswear during the 2nd quarter worth approximately $206,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Columbia Sportswear in the second quarter valued at $364,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on COLM shares. Stifel Nicolaus set a $67.00 price objective on Columbia Sportswear and gave the stock a “buy” rating in a research report on Friday, July 31st. Zacks Research lowered shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Wall Street Zen upgraded shares of Columbia Sportswear from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Robert W. Baird set a $65.00 price objective on shares of Columbia Sportswear in a research note on Friday, July 31st. Finally, Citigroup reissued a “neutral” rating and set a $68.00 target price (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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $65.40.

Columbia Sportswear Stock Performance

COLM stock opened at $57.40 on Tuesday. The firm has a 50 day simple moving average of $60.96 and a 200 day simple moving average of $60.70. Columbia Sportswear Company has a 52 week low of $47.47 and a 52 week high of $69.06. The stock has a market cap of $2.94 billion, a P/E ratio of 14.91 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, July 30th. The textile maker reported $0.52 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $606.97 million. During the same quarter in the prior year, the business earned ($0.19) EPS. The company’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 predict that Columbia Sportswear Company will post 3.58 EPS for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors 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 (DPR) is presently 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.