Columbia Sportswear (NASDAQ:COLM) Rating Lowered to “Buy” at Wall Street Zen

Columbia Sportswear (NASDAQ:COLM) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Sunday, Wall Street Zen reports.

Other research analysts also recently issued reports about the stock. Zacks Research downgraded shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Robert W. Baird set a $65.00 price target on Columbia Sportswear in a research report on Friday, July 31st. Stifel Nicolaus set a $67.00 price objective on Columbia Sportswear and gave the company a “buy” rating in a research note on Friday, July 31st. Weiss Ratings upgraded Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Finally, BTIG Research reissued a “buy” rating and issued a $80.00 price objective on shares of Columbia Sportswear in a report on Friday, July 31st. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $65.40.

Columbia Sportswear Stock Down 1.2%

Shares of Columbia Sportswear stock opened at $56.34 on Friday. The company has a 50 day moving average price of $57.50 and a 200 day moving average price of $60.26. The firm has a market capitalization of $2.88 billion, a P/E ratio of 14.63 and a beta of 0.93. Columbia Sportswear 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 EPS for the quarter, topping the consensus estimate of ($0.39) by $0.91. Columbia Sportswear had a net margin of 6.05% and a return on equity of 11.20%. The business had revenue of $614.36 million during the quarter, compared to the consensus estimate of $606.97 million. During the same period in the previous year, the firm posted ($0.19) earnings per share. The business’s revenue for the quarter 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. As a group, research analysts anticipate that Columbia Sportswear will post 3.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Columbia Sportswear

Institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Columbia Sportswear in the 2nd quarter worth about $152,164,000. Dimensional Fund Advisors LP increased its stake in Columbia Sportswear by 15.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,222,770 shares of the textile maker’s stock worth $121,824,000 after buying an additional 301,277 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in shares of Columbia Sportswear during the first quarter valued at approximately $27,407,000. Bank of New York Mellon Corp acquired a new position in shares of Columbia Sportswear during the second quarter valued at approximately $16,691,000. Finally, Quantinno Capital Management LP raised its holdings in shares of Columbia Sportswear by 7.6% during the first quarter. Quantinno Capital Management LP now owns 292,953 shares of the textile maker’s stock valued at $16,057,000 after acquiring an additional 20,797 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

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.