Columbia Sportswear (NASDAQ:COLM) Downgraded by Zacks Research to “Hold”

Columbia Sportswear (NASDAQ:COLM) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other analysts have also commented on the stock. BTIG Research reiterated a “buy” rating and issued a $75.00 price target on shares of Columbia Sportswear in a research note on Friday, January 30th. Wall Street Zen upgraded shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. UBS Group reiterated a “sell” rating and issued a $44.00 price target (up from $39.00) on shares of Columbia Sportswear in a research note on Wednesday, February 4th. Robert W. Baird set a $63.00 price target on shares of Columbia Sportswear in a research note on Wednesday, February 4th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Columbia Sportswear in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Columbia Sportswear currently has a consensus rating of “Hold” and an average target price of $60.50.

Columbia Sportswear Stock Down 0.1%

Shares of COLM stock opened at $63.97 on Monday. The company has a 50 day moving average price of $58.39 and a 200-day moving average price of $55.75. Columbia Sportswear has a 52 week low of $47.47 and a 52 week high of $71.68. The firm has a market capitalization of $3.35 billion, a PE ratio of 19.74 and a beta of 0.89.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Tuesday, February 3rd. The textile maker reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.51. Columbia Sportswear had a net margin of 5.22% and a return on equity of 12.03%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business posted $1.80 earnings per share. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. Columbia Sportswear has set its FY 2026 guidance at 3.200-3.650 EPS and its Q1 2026 guidance at 0.290-0.370 EPS. Analysts anticipate that Columbia Sportswear will post 3.46 earnings per share for the current year.

Hedge Funds Weigh In On Columbia Sportswear

Large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new position in Columbia Sportswear during the third quarter valued at approximately $449,000. JPMorgan Chase & Co. lifted its holdings in Columbia Sportswear by 215.0% during the third quarter. JPMorgan Chase & Co. now owns 1,083,624 shares of the textile maker’s stock valued at $56,674,000 after purchasing an additional 739,584 shares in the last quarter. CWM LLC lifted its holdings in shares of Columbia Sportswear by 1,362.1% in the third quarter. CWM LLC now owns 21,770 shares of the textile maker’s stock worth $1,139,000 after buying an additional 20,281 shares in the last quarter. Heartland Advisors Inc. purchased a new position in shares of Columbia Sportswear in the third quarter worth $1,394,000. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Columbia Sportswear by 87.6% in the third quarter. Allianz Asset Management GmbH now owns 231,198 shares of the textile maker’s stock worth $12,092,000 after buying an additional 107,943 shares in the last quarter. Hedge funds and other institutional investors 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.