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

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

Several other brokerages have also commented on COLM. Citigroup reissued a “neutral” rating and set a $68.00 price objective (up from $67.00) on shares of Columbia Sportswear in a report on Wednesday, July 22nd. Zacks Research downgraded shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. BTIG Research reiterated a “buy” rating and set a $80.00 target price on shares of Columbia Sportswear in a research report on Friday, July 31st. Weiss Ratings upgraded shares of Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Finally, Stifel Nicolaus set a $67.00 price target on shares of Columbia Sportswear and gave the stock a “buy” rating in a report on Friday, July 31st. 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $65.40.

Columbia Sportswear Price Performance

Shares of NASDAQ:COLM opened at $56.93 on Friday. The firm has a fifty day moving average price of $57.99 and a two-hundred day moving average price of $60.20. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 14.79 and a beta of 0.93. Columbia Sportswear has a one year low of $47.47 and a one year high of $69.06.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, July 30th. The textile maker reported $0.52 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $606.97 million. During the same quarter last year, the business posted ($0.19) earnings per share. The firm’s revenue 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. Equities research analysts expect that Columbia Sportswear will post 3.58 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

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

Hedge Funds Weigh In On Columbia Sportswear

Large investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its stake in Columbia Sportswear by 44.2% in the second quarter. Sequoia Financial Advisors LLC now owns 10,485 shares of the textile maker’s stock worth $648,000 after buying an additional 3,212 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Columbia Sportswear by 4.9% during the second quarter. Tidal Investments LLC now owns 15,820 shares of the textile maker’s stock worth $978,000 after acquiring an additional 734 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Columbia Sportswear by 129.7% during the second quarter. Squarepoint Ops LLC now owns 167,161 shares of the textile maker’s stock worth $10,334,000 after acquiring an additional 94,377 shares in the last quarter. Nykredit A S bought a new stake in shares of Columbia Sportswear in the 2nd quarter worth approximately $122,000. Finally, Corient Private Wealth LP lifted its holdings in shares of Columbia Sportswear by 25.7% in the 2nd quarter. Corient Private Wealth LP now owns 8,528 shares of the textile maker’s stock worth $527,000 after acquiring an additional 1,742 shares during the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Columbia Sportswear Company Profile

Columbia Sportswear Company is a global outdoor and active-lifestyle apparel, footwear, accessories and equipment company headquartered in Portland, Oregon. Its product portfolio is designed for activities including hiking, skiing, snowboarding, trail use and other outdoor pursuits, while also serving everyday casual and active consumers.

The company markets products under the Columbia, SOREL, Mountain Hardwear and prAna brands. Columbia offers technical and everyday outdoor apparel, footwear and accessories; SOREL focuses primarily on fashion-oriented and performance footwear; Mountain Hardwear specializes in technical outdoor apparel and equipment; and prAna offers clothing associated with yoga, climbing, travel and other active lifestyles.

Columbia Sportswear sells its products through wholesale distributors and retailers, company-operated stores and e-commerce websites.