Danske Bank A S Acquires Shares of 119,949 Columbia Sportswear Company $COLM

Danske Bank A S purchased a new stake in Columbia Sportswear Company (NASDAQ:COLM) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 119,949 shares of the textile maker’s stock, valued at approximately $7,415,000. Danske Bank A S owned 0.23% of Columbia Sportswear at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its holdings in Columbia Sportswear by 195.4% during the 4th quarter. Farther Finance Advisors LLC now owns 449 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 297 shares in the last quarter. Allworth Financial LP raised its position in Columbia Sportswear by 690.0% in the 3rd quarter. Allworth Financial LP now owns 553 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 483 shares during the last quarter. Parallel Advisors LLC boosted its stake in Columbia Sportswear by 250.0% in the third quarter. Parallel Advisors LLC now owns 581 shares of the textile maker’s stock worth $30,000 after purchasing an additional 415 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of Columbia Sportswear during the second quarter worth $39,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Columbia Sportswear by 208.3% during the first quarter. Jones Financial Companies Lllp now owns 555 shares of the textile maker’s stock worth $42,000 after purchasing an additional 375 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Columbia Sportswear Price Performance

COLM stock opened at $60.33 on Friday. The stock has a market capitalization of $3.09 billion, a P/E ratio of 15.67 and a beta of 0.94. The business has a 50-day moving average of $61.85 and a 200-day moving average of $60.82. Columbia Sportswear Company has a fifty-two week low of $47.47 and a fifty-two week high of $69.06.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, July 30th. The textile maker reported $0.52 EPS for the quarter, beating the consensus estimate of ($0.39) by $0.91. The firm had revenue of $614.36 million for 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 quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($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. Equities analysts expect that Columbia Sportswear Company will post 3.58 EPS for the current year.

Columbia Sportswear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued a $0.30 dividend. The ex-dividend date is Thursday, August 20th. This represents a $1.20 annualized dividend and a dividend yield of 2.0%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 31.17%.

Insider Transactions at Columbia Sportswear

In related news, 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 transaction of $276,542.40. Following the sale, the director owned 22,789 shares in the company, valued at approximately $1,544,638.42. This represents a 15.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen E. Babson sold 4,150 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $67.95, for a total value of $281,992.50. Following the transaction, the director directly owned 132,376 shares of the company’s stock, valued at $8,994,949.20. This trade represents a 3.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 51.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on COLM shares. UBS Group restated a “sell” rating and set a $47.00 target price (up from $44.00) on shares of Columbia Sportswear in a research report on Friday, May 1st. BTIG Research reiterated a “buy” rating and issued a $80.00 price objective on shares of Columbia Sportswear in a research report on Friday, July 31st. Weiss Ratings raised Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday. Robert W. Baird set a $65.00 price objective on Columbia Sportswear in a report on Friday, July 31st. Finally, 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. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $65.40.

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.