Columbia Sportswear (NASDAQ:COLM) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Columbia Sportswear (NASDAQ:COLM) from a hold rating to a strong-buy rating in a research report released on Saturday morning.

A number of other equities research analysts have also recently commented on COLM. Citigroup restated a “neutral” rating and issued a $68.00 price target (up from $67.00) on shares of Columbia Sportswear in a report on Wednesday, July 22nd. BTIG Research reissued a “buy” rating and set a $80.00 price objective on shares of Columbia Sportswear in a research report on Friday, July 31st. Stifel Nicolaus set a $67.00 target price on Columbia Sportswear and gave the company a “buy” rating in a research note on Friday, July 31st. Robert W. Baird set a $65.00 target price on Columbia Sportswear in a research report on Friday, July 31st. Finally, Weiss Ratings lowered Columbia Sportswear from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $65.40.

Columbia Sportswear Price Performance

NASDAQ COLM opened at $57.36 on Friday. The stock has a market capitalization of $2.93 billion, a P/E ratio of 14.90 and a beta of 0.94. The business has a 50 day simple moving average of $63.36 and a 200 day simple moving average of $60.52. Columbia Sportswear has a one year low of $47.47 and a one 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 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.91. The firm had revenue of $614.36 million for the quarter, compared to analyst estimates of $606.97 million. Columbia Sportswear had a return on equity of 11.20% and a net margin of 6.05%.The company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.19) earnings per share. 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. Equities analysts expect that Columbia Sportswear will post 3.58 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.20 annualized dividend and a yield of 2.1%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 31.17%.

Insider Transactions at Columbia Sportswear

In other news, Director Stephen E. Babson sold 4,150 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $67.95, for a total value of $281,992.50. Following the transaction, the director owned 132,376 shares in the company, valued at $8,994,949.20. This trade represents a 3.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald E. Nelson sold 4,080 shares of Columbia Sportswear stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $67.78, for a total value of $276,542.40. Following the transaction, the director directly owned 22,789 shares in the company, valued at approximately $1,544,638.42. The trade was a 15.18% decrease in their position. The disclosure for this sale is available in the SEC filing. 51.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Columbia Sportswear

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of Columbia Sportswear in the 2nd quarter worth approximately $152,164,000. Deprince Race & Zollo Inc. bought a new stake in Columbia Sportswear during the first quarter worth $27,407,000. AQR Capital Management LLC boosted its position in Columbia Sportswear by 82.9% in the third quarter. AQR Capital Management LLC now owns 970,675 shares of the textile maker’s stock worth $50,242,000 after purchasing an additional 439,913 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Columbia Sportswear by 15.7% in 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 last quarter. Finally, Bank of New York Mellon Corp bought a new position in Columbia Sportswear in the 2nd quarter valued at $16,691,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

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.