Columbia Sportswear (NASDAQ:COLM) Stock Rating Upgraded by Wall Street Zen

Columbia Sportswear (NASDAQ:COLM) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday, Wall Street Zen reports.

Other equities analysts have also recently issued research reports about the stock. BTIG Research reaffirmed a “buy” rating and set a $80.00 price objective on shares of Columbia Sportswear in a research note on Friday, July 31st. Zacks Research cut shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Weiss Ratings raised shares of Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Stifel Nicolaus set a $67.00 price target on shares of Columbia Sportswear and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Citigroup restated a “neutral” rating and set a $68.00 price target (up from $67.00) on shares of Columbia Sportswear in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $65.40.

Columbia Sportswear Stock Performance

Shares of COLM opened at $57.27 on Friday. Columbia Sportswear has a 52-week low of $47.47 and a 52-week high of $69.06. The stock’s 50-day simple moving average is $58.12 and its 200 day simple moving average is $60.19. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 14.88 and a beta of 0.93.

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

Institutional Investors Weigh In On Columbia Sportswear

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Columbia Sportswear in the 2nd quarter worth $152,164,000. Deprince Race & Zollo Inc. purchased a new stake in shares of Columbia Sportswear during the 1st quarter valued at $27,407,000. Tassel Capital Management Inc. bought a new stake in shares of Columbia Sportswear during the 2nd quarter worth $10,085,000. Dimensional Fund Advisors LP lifted its holdings in shares of 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 worth $121,824,000 after acquiring an additional 301,277 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Columbia Sportswear in the second quarter worth $16,691,000. 47.76% of the stock is currently owned by institutional investors.

About Columbia Sportswear

Columbia Sportswear Company is a global outdoor and active-lifestyle apparel, footwear, accessories and equipment company headquartered in Portland, Oregon. Its product portfolio is designed for activities including hiking, skiing, snowboarding, trail use and other outdoor pursuits, while also serving everyday casual and active consumers.

The company markets products under the Columbia, SOREL, Mountain Hardwear and prAna brands. Columbia offers technical and everyday outdoor apparel, footwear and accessories; SOREL focuses primarily on fashion-oriented and performance footwear; Mountain Hardwear specializes in technical outdoor apparel and equipment; and prAna offers clothing associated with yoga, climbing, travel and other active lifestyles.

Columbia Sportswear sells its products through wholesale distributors and retailers, company-operated stores and e-commerce websites.