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

Wall Street Zen downgraded shares of Columbia Sportswear (NASDAQ:COLM) from a strong-buy rating to a buy rating in a report published on Saturday,Wall Street Zen reports.

Several other research analysts also recently issued reports 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. Stifel Nicolaus set a $67.00 price objective on Columbia Sportswear and gave the company a “buy” rating in a report on Friday, July 31st. Weiss Ratings upgraded Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. BTIG Research reaffirmed a “buy” rating and issued a $80.00 target price on shares of Columbia Sportswear in a report on Friday, July 31st. Finally, Robert W. Baird set a $65.00 target price on Columbia Sportswear in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Columbia Sportswear has an average rating of “Hold” and an average target price of $65.40.

Columbia Sportswear Price Performance

NASDAQ:COLM opened at $57.72 on Friday. Columbia Sportswear has a twelve month low of $47.47 and a twelve month high of $69.06. The stock’s 50-day simple moving average is $60.33 and its 200 day simple moving average is $60.50. The firm has a market capitalization of $2.95 billion, a PE ratio of 14.99 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, July 30th. The textile maker reported $0.52 EPS for the quarter, topping the consensus estimate of ($0.39) by $0.91. Columbia Sportswear had a return on equity of 11.20% and a net margin of 6.05%.The firm had revenue of $614.36 million during the quarter, compared to the consensus estimate of $606.97 million. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. The business’s quarterly revenue was up 1.5% on a year-over-year basis. 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 anticipate that Columbia Sportswear will post 3.58 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, August 20th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 31.17%.

Institutional Investors Weigh In On Columbia Sportswear

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Columbia Sportswear during the second quarter worth about $152,164,000. Dimensional Fund Advisors LP increased its position in Columbia Sportswear by 15.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,222,770 shares of the textile maker’s stock valued at $121,824,000 after purchasing an additional 301,277 shares during the period. California State Teachers Retirement System raised its holdings in Columbia Sportswear by 4,939.5% during the 2nd quarter. California State Teachers Retirement System now owns 1,530,107 shares of the textile maker’s stock worth $94,591,000 after purchasing an additional 1,499,745 shares during the last quarter. AQR Capital Management LLC raised its holdings in Columbia Sportswear by 19.6% during the 4th quarter. AQR Capital Management LLC now owns 1,161,128 shares of the textile maker’s stock worth $63,967,000 after purchasing an additional 190,453 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Columbia Sportswear by 1.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,097,123 shares of the textile maker’s stock worth $60,441,000 after purchasing an additional 13,499 shares during the period. 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.