Columbia Sportswear (NASDAQ:COLM) Upgraded 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 on Tuesday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Columbia Sportswear from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 11th. BTIG Research increased their price target on shares of Columbia Sportswear from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, May 1st. Stifel Nicolaus increased their price target on shares of Columbia Sportswear from $60.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. UBS Group reaffirmed a “sell” rating and issued a $47.00 price target (up from $44.00) on shares of Columbia Sportswear in a report on Friday, May 1st. Finally, Citigroup reaffirmed a “neutral” rating and issued a $67.00 price target (up from $65.00) on shares of Columbia Sportswear in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Columbia Sportswear currently has a consensus rating of “Hold” and a consensus target price of $62.67.

Columbia Sportswear Stock Up 3.1%

COLM opened at $60.42 on Tuesday. The firm has a 50-day simple moving average of $57.94 and a two-hundred day simple moving average of $56.83. Columbia Sportswear has a 52 week low of $47.47 and a 52 week high of $67.91. The company has a market capitalization of $3.09 billion, a PE ratio of 19.24 and a beta of 0.91.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.65 EPS for the quarter, beating 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 business had revenue of $779.01 million during the quarter, compared to the consensus estimate of $758.26 million. During the same quarter in the prior year, the firm earned $0.75 EPS. The business’s revenue 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, sell-side analysts expect that Columbia Sportswear will post 3.88 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Sabrina Simmons sold 1,329 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $61.24, for a total value of $81,387.96. Following the sale, the director directly owned 8,260 shares of the company’s stock, valued at $505,842.40. This represents a 13.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 51.90% of the stock is owned by company insiders.

Institutional Trading of Columbia Sportswear

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its position in Columbia Sportswear by 16.6% in the 1st quarter. California State Teachers Retirement System now owns 30,362 shares of the textile maker’s stock worth $1,664,000 after purchasing an additional 4,318 shares during the period. Empowered Funds LLC purchased a new position in shares of Columbia Sportswear during the first quarter worth approximately $1,465,000. Quantinno Capital Management LP increased its position in shares of Columbia Sportswear by 7.6% during the first quarter. Quantinno Capital Management LP now owns 292,953 shares of the textile maker’s stock worth $16,057,000 after acquiring an additional 20,797 shares during the period. SummitTX Capital L.P. purchased a new position in shares of Columbia Sportswear during the first quarter worth approximately $376,000. Finally, Lombard Odier Asset Management USA Corp purchased a new position in shares of Columbia Sportswear during the first quarter worth approximately $316,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

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.