Jupiter Topco LLC Makes New Investment in Columbia Sportswear Company $COLM

Jupiter Topco LLC bought a new stake in Columbia Sportswear Company (NASDAQ:COLM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,532 shares of the textile maker’s stock, valued at approximately $713,000.

A number of other hedge funds have also recently modified their holdings of COLM. Millennium Management LLC raised its stake in Columbia Sportswear by 24.6% during the 1st quarter. Millennium Management LLC now owns 142,956 shares of the textile maker’s stock worth $10,820,000 after acquiring an additional 28,269 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Columbia Sportswear by 208.3% in the first 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Columbia Sportswear by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 114,611 shares of the textile maker’s stock valued at $8,675,000 after acquiring an additional 2,680 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Columbia Sportswear by 125.0% during the first quarter. Jane Street Group LLC now owns 115,294 shares of the textile maker’s stock worth $8,727,000 after purchasing an additional 64,046 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Columbia Sportswear by 11.7% during the second quarter. Prudential Financial Inc. now owns 3,333 shares of the textile maker’s stock worth $204,000 after purchasing an additional 350 shares in the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on COLM. Zacks Research downgraded 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 Columbia Sportswear in a research note on Friday, July 31st. Citigroup reaffirmed a “neutral” rating and set a $68.00 price target (up from $67.00) on shares of Columbia Sportswear in a research report on Wednesday, July 22nd. Weiss Ratings raised Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Finally, Wall Street Zen lowered shares of Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Columbia Sportswear has a consensus rating of “Hold” and a consensus target price of $65.40.

Columbia Sportswear Price Performance

NASDAQ COLM opened at $57.72 on Monday. The business’s 50-day moving average price is $60.40 and its 200 day moving average price is $60.55. The firm has a market cap of $2.95 billion, a P/E ratio of 14.99 and a beta of 0.94. Columbia Sportswear Company has a 52-week low of $47.47 and a 52-week high of $69.06.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, July 30th. The textile maker reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.91. Columbia Sportswear had a return on equity of 11.20% and a net margin of 6.05%.The company had revenue of $614.36 million during the quarter, compared to analysts’ expectations of $606.97 million. During the same period last year, the firm earned ($0.19) EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. 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. As a group, analysts anticipate that Columbia Sportswear Company will post 3.58 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, August 20th. Columbia Sportswear’s payout ratio is currently 31.17%.

Columbia Sportswear 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.