Man Group plc Makes New $10.33 Million Investment in Columbia Sportswear Company $COLM

Man Group plc bought a new stake in shares of Columbia Sportswear Company (NASDAQ:COLM) in the second quarter, HoldingsChannel reports. The institutional investor bought 167,044 shares of the textile maker’s stock, valued at approximately $10,327,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Columbia Sportswear during the 2nd quarter worth $152,164,000. Deprince Race & Zollo Inc. purchased a new position in shares of Columbia Sportswear during the first quarter valued at $27,407,000. AQR Capital Management LLC raised its holdings in shares of Columbia Sportswear by 82.9% in the third quarter. AQR Capital Management LLC now owns 970,675 shares of the textile maker’s stock valued at $50,242,000 after acquiring an additional 439,913 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Columbia Sportswear by 15.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,222,770 shares of the textile maker’s stock valued at $121,824,000 after acquiring an additional 301,277 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Columbia Sportswear in the second quarter worth about $16,691,000. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Robert W. Baird set a $65.00 price objective on shares of Columbia Sportswear in a research note on Friday, July 31st. Stifel Nicolaus set a $67.00 price objective on shares of Columbia Sportswear and gave the company a “buy” rating in a report on Friday, July 31st. Citigroup reissued a “neutral” rating and issued a $68.00 target price (up from $67.00) on shares of Columbia Sportswear in a research report on Wednesday, July 22nd. Wall Street Zen raised shares of Columbia Sportswear from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Finally, Zacks Research cut Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $65.40.

Columbia Sportswear Stock Up 2.1%

COLM opened at $58.01 on Friday. The firm’s fifty day simple moving average is $61.10 and its two-hundred day simple moving average is $60.75. Columbia Sportswear Company has a 52-week low of $47.47 and a 52-week high of $69.06. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 15.07 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, July 30th. The textile maker reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.91. The business had revenue of $614.36 million during the quarter, compared to analysts’ expectations of $606.97 million. Columbia Sportswear had a return on equity of 11.20% and a net margin of 6.05%.The business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($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. On average, research analysts forecast that Columbia Sportswear Company will post 3.58 EPS for the current year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. Columbia Sportswear’s payout ratio 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.