Columbia Sportswear (NASDAQ:COLM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Columbia Sportswear (NASDAQ:COLM) from a hold rating to a strong-buy rating in a report released on Saturday.

COLM has been the subject of several other reports. Zacks Research downgraded shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. UBS Group reaffirmed a “sell” rating and issued a $47.00 price target (up from $44.00) on shares of Columbia Sportswear in a report on Friday, May 1st. BTIG Research reiterated a “buy” rating and issued a $80.00 price target on shares of Columbia Sportswear in a research report on Friday, July 31st. Stifel Nicolaus set a $67.00 price objective on shares of Columbia Sportswear and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Robert W. Baird set a $65.00 price objective on Columbia Sportswear in a research report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Columbia Sportswear currently has an average rating of “Hold” and a consensus price target of $65.40.

Columbia Sportswear Stock Performance

Columbia Sportswear stock opened at $57.02 on Friday. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 14.81 and a beta of 0.94. Columbia Sportswear has a fifty-two week low of $47.47 and a fifty-two week high of $69.06. The stock’s fifty day moving average is $63.18 and its two-hundred day moving average is $60.60.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.52 earnings per share for the quarter, beating 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 business had revenue of $614.36 million during the quarter, compared to analysts’ expectations of $606.97 million. During the same quarter last year, the business posted ($0.19) earnings per share. The business’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, sell-side analysts forecast that Columbia Sportswear will post 3.58 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, August 20th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 31.17%.

Insider Activity

In other Columbia Sportswear news, Director Ronald E. Nelson sold 4,080 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $67.78, for a total transaction of $276,542.40. Following the sale, the director directly owned 22,789 shares of the company’s stock, valued at $1,544,638.42. This trade represents a 15.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen E. Babson sold 4,150 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $67.95, for a total transaction of $281,992.50. Following the sale, the director directly owned 132,376 shares in the company, valued at $8,994,949.20. This represents a 3.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 51.90% of the company’s stock.

Hedge Funds Weigh In On Columbia Sportswear

Several institutional investors and hedge funds have recently modified their holdings of the company. Danske Bank A S acquired a new stake in Columbia Sportswear during the second quarter worth approximately $7,415,000. Alpine Woods Capital Investors LLC acquired a new position in Columbia Sportswear in the 2nd quarter valued at $218,000. BlackRock Inc. acquired a new position in Columbia Sportswear in the 2nd quarter valued at $152,164,000. Pallas Capital Advisors LLC purchased a new position in shares of Columbia Sportswear during the 2nd quarter worth $293,000. Finally, Deutsche Bank AG purchased a new position in shares of Columbia Sportswear during the 2nd quarter worth $271,000. Hedge funds and other institutional investors own 47.76% of the company’s stock.

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.