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

Wall Street Zen lowered shares of Columbia Sportswear (NASDAQ:COLM) from a strong-buy rating to a buy rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

Several other analysts also recently commented on COLM. Zacks Research downgraded shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. BTIG Research restated a “buy” rating and set a $80.00 price target on shares of Columbia Sportswear in a report on Friday, July 31st. 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. Weiss Ratings raised shares of Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Finally, Robert W. Baird set a $65.00 price objective on shares of Columbia Sportswear in a research note on Friday, July 31st. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Columbia Sportswear has a consensus rating of “Hold” and an average target price of $65.40.

Columbia Sportswear Trading Up 1.3%

Shares of Columbia Sportswear stock opened at $57.06 on Friday. The stock has a fifty day simple moving average of $57.49 and a 200 day simple moving average of $60.27. Columbia Sportswear has a 12-month low of $47.47 and a 12-month high of $69.06. The company has a market capitalization of $2.92 billion, a P/E ratio of 16.67 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.52 EPS 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 analyst estimates of $606.97 million. During the same period in the prior year, the firm posted ($0.19) EPS. Columbia Sportswear’s quarterly 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. On average, analysts predict that Columbia Sportswear will post 3.55 EPS for the current 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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Thursday, August 20th. Columbia Sportswear’s dividend payout ratio (DPR) is 31.17%.

Institutional Trading of Columbia Sportswear

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

About Columbia Sportswear

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.