Columbia Sportswear (NASDAQ:COLM) Announces Earnings Results, Beats Estimates By $0.93 EPS

Columbia Sportswear (NASDAQ:COLM) posted its quarterly earnings results on Thursday. The textile maker reported $0.52 EPS for the quarter, topping the consensus estimate of ($0.41) by $0.93, FiscalAI reports. Columbia Sportswear had a return on equity of 11.78% and a net margin of 4.98%.The business had revenue of $614.36 million for the quarter, compared to analyst estimates of $606.97 million. Columbia Sportswear updated its Q3 2026 guidance to 1.150-1.350 EPS and its FY 2026 guidance to 4.450-4.900 EPS.

Columbia Sportswear Price Performance

COLM traded down $0.77 during trading on Thursday, hitting $62.79. The company had a trading volume of 854,365 shares, compared to its average volume of 628,839. The company has a market cap of $3.21 billion, a PE ratio of 20.00 and a beta of 0.94. Columbia Sportswear has a 1-year low of $47.47 and a 1-year high of $69.06. The business has a 50-day moving average of $64.24 and a 200-day moving average of $60.38.

Insiders Place Their Bets

In other Columbia Sportswear news, Director Ronald E. Nelson sold 4,080 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $67.78, for a total value of $276,542.40. Following the sale, the director directly owned 22,789 shares in the company, valued at approximately $1,544,638.42. This trade represents a 15.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sabrina Simmons sold 1,329 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $61.24, for a total value of $81,387.96. Following the completion of the sale, the director owned 8,260 shares in the company, valued at approximately $505,842.40. This represents a 13.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 9,559 shares of company stock valued at $639,923 over the last quarter. Insiders own 51.90% of the company’s stock.

Hedge Funds Weigh In On Columbia Sportswear

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COLM. Millennium Management LLC lifted its stake in Columbia Sportswear by 24.6% during the first quarter. Millennium Management LLC now owns 142,956 shares of the textile maker’s stock valued at $10,820,000 after purchasing an additional 28,269 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Columbia Sportswear by 208.3% in the first quarter. Jones Financial Companies Lllp now owns 555 shares of the textile maker’s stock worth $42,000 after buying an additional 375 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Columbia Sportswear by 2.4% during the 1st 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 increased its stake in Columbia Sportswear by 125.0% in the 1st quarter. Jane Street Group LLC now owns 115,294 shares of the textile maker’s stock valued at $8,727,000 after buying an additional 64,046 shares during the period. Finally, Prudential Financial Inc. grew its stake in Columbia Sportswear by 11.7% in the second quarter. Prudential Financial Inc. now owns 3,333 shares of the textile maker’s stock valued at $204,000 after purchasing an additional 350 shares in the last quarter. 47.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on COLM. UBS Group restated a “sell” rating and set a $47.00 price target (up from $44.00) on shares of Columbia Sportswear in a report on Friday, May 1st. BTIG Research increased their price objective on Columbia Sportswear from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, May 1st. Weiss Ratings upgraded Columbia Sportswear from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Citigroup restated a “neutral” rating and issued a $68.00 target price (up from $67.00) on shares of Columbia Sportswear in a research note on Wednesday, July 22nd. Finally, Zacks Research cut Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.83.

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.