Columbia Sportswear (NASDAQ:COLM) Downgraded to Buy Rating by Wall Street Zen

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

COLM has been the subject of a number of other research reports. Zacks Research lowered shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Citigroup reissued a “neutral” rating and issued a $68.00 price target (up from $67.00) on shares of Columbia Sportswear in a research note on Wednesday, July 22nd. BTIG Research restated a “buy” rating and set a $80.00 price target on shares of Columbia Sportswear in a research report on Friday, July 31st. Weiss Ratings raised shares of Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. 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 investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $65.40.

Columbia Sportswear Price Performance

NASDAQ COLM opened at $57.72 on Friday. The company has a market cap of $2.95 billion, a PE ratio of 14.99 and a beta of 0.94. The stock’s 50 day simple moving average is $60.40 and its 200-day simple moving average is $60.57. Columbia Sportswear has a 1-year low of $47.47 and a 1-year high of $69.06.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results 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 return on equity of 11.20% and a net margin of 6.05%.The firm had revenue of $614.36 million during the quarter, compared to analysts’ expectations of $606.97 million. During the same period in the previous year, the business earned ($0.19) earnings per share. 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. On average, equities research analysts anticipate that Columbia Sportswear will post 3.58 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of COLM. BlackRock Inc. purchased a new stake in shares of Columbia Sportswear in the second quarter valued at about $152,164,000. Dimensional Fund Advisors LP raised its stake in Columbia Sportswear by 15.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,222,770 shares of the textile maker’s stock worth $121,824,000 after purchasing an additional 301,277 shares during the period. California State Teachers Retirement System raised its stake in Columbia Sportswear by 4,939.5% during the second quarter. California State Teachers Retirement System now owns 1,530,107 shares of the textile maker’s stock worth $94,591,000 after purchasing an additional 1,499,745 shares during the period. AQR Capital Management LLC boosted its holdings in Columbia Sportswear by 19.6% in the 4th quarter. AQR Capital Management LLC now owns 1,161,128 shares of the textile maker’s stock valued at $63,967,000 after purchasing an additional 190,453 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Columbia Sportswear by 1.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,097,123 shares of the textile maker’s stock valued at $60,441,000 after purchasing an additional 13,499 shares during the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

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.