Columbia Sportswear (NASDAQ:COLM) Raised to “Strong-Buy” at Zacks Research

Columbia Sportswear (NASDAQ:COLM) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

COLM has been the topic of several other research reports. UBS Group reissued a “sell” rating and issued a $47.00 price objective (up from $44.00) on shares of Columbia Sportswear in a research note on Friday, May 1st. Weiss Ratings cut shares of Columbia Sportswear from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Citigroup reissued a “neutral” rating and issued a $67.00 price objective (up from $65.00) on shares of Columbia Sportswear in a research note on Monday, May 4th. Robert W. Baird set a $63.00 price objective on shares of Columbia Sportswear in a research note on Wednesday, February 4th. Finally, Stifel Nicolaus boosted their price objective on shares of Columbia Sportswear from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Columbia Sportswear has a consensus rating of “Hold” and a consensus target price of $62.67.

Columbia Sportswear Stock Up 3.1%

Shares of Columbia Sportswear stock opened at $60.42 on Tuesday. Columbia Sportswear has a twelve month low of $47.47 and a twelve month high of $67.91. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 19.24 and a beta of 0.91. The company’s fifty day moving average is $57.94 and its 200 day moving average is $56.83.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.30. Columbia Sportswear had a net margin of 4.98% and a return on equity of 11.78%. The company had revenue of $779.01 million for the quarter, compared to analysts’ expectations of $758.26 million. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Columbia Sportswear’s revenue for the quarter was up .1% on a year-over-year basis. Columbia Sportswear has set its FY 2026 guidance at 3.550-4.000 EPS and its Q2 2026 guidance at -0.460–0.370 EPS. As a group, equities analysts anticipate that Columbia Sportswear will post 3.88 earnings per share for the current fiscal year.

Insider Transactions at Columbia Sportswear

In related news, Director Sabrina Simmons sold 1,329 shares of the business’s stock in a transaction 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 transaction, the director owned 8,260 shares in the company, valued at $505,842.40. The trade was a 13.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 51.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Columbia Sportswear

Several hedge funds and other institutional investors have recently bought and sold shares of COLM. Farther Finance Advisors LLC lifted its holdings in Columbia Sportswear by 195.4% in the fourth quarter. Farther Finance Advisors LLC now owns 449 shares of the textile maker’s stock valued at $25,000 after buying an additional 297 shares during the period. Sellwood Investment Partners LLC acquired a new position in Columbia Sportswear in the third quarter valued at $26,000. Fifth Third Bancorp lifted its holdings in Columbia Sportswear by 630.0% in the third quarter. Fifth Third Bancorp now owns 511 shares of the textile maker’s stock valued at $27,000 after buying an additional 441 shares during the period. Allworth Financial LP lifted its holdings in Columbia Sportswear by 690.0% in the third quarter. Allworth Financial LP now owns 553 shares of the textile maker’s stock valued at $29,000 after buying an additional 483 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in Columbia Sportswear by 250.0% in the third quarter. Parallel Advisors LLC now owns 581 shares of the textile maker’s stock valued at $30,000 after buying an additional 415 shares during the period. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Company Profile

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.