Columbia Sportswear (NASDAQ:COLM) Downgraded by Wall Street Zen to "Buy"

Key Points

• Wall Street Zen downgraded Columbia Sportswear from “strong buy” to “buy,” while the broader analyst consensus remains “hold” with an average price target of $65.40.
• Columbia Sportswear shares opened at $57.04, with a market capitalization of $2.92 billion and a 52-week range of $47.47 to $69.06.
• The company exceeded quarterly expectations, reporting $0.52 in earnings per share versus the anticipated $0.39 loss and revenue of $614.36 million, up 1.5% year over year.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Sunday, Wall Street Zen reports.

Other equities analysts have also recently issued reports about the company. BTIG Research reiterated a "buy" rating and issued a $80.00 target price on shares of Columbia Sportswear in a report on Friday, July 31st. Robert W. Baird set a $65.00 price target on shares of Columbia Sportswear in a research note on Friday, July 31st. Zacks Research downgraded shares of Columbia Sportswear from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Weiss Ratings raised shares of Columbia Sportswear from a "sell (d+)" rating to a "hold (c)" rating in a research note on Monday, August 17th. Finally, Citigroup reiterated a "neutral" rating and set a $68.00 price objective (up from $67.00) on shares of Columbia Sportswear in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Columbia Sportswear presently has a consensus rating of "Hold" and a consensus price target of $65.40.

Columbia Sportswear Price Performance

COLM stock opened at $57.04 on Friday. The company's 50-day moving average is $57.54 and its 200-day moving average is $60.22. The stock has a market capitalization of $2.92 billion, a PE ratio of 14.82 and a beta of 0.93. Columbia Sportswear has a 1 year low of $47.47 and a 1 year high of $69.06.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.52 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $606.97 million. During the same period in the prior year, the business earned ($0.19) EPS. The firm's revenue for the quarter 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 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Columbia Sportswear

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Columbia Sportswear by 6.5% in the second quarter. GAMMA Investing LLC now owns 2,656 shares of the textile maker's stock worth $164,000 after buying an additional 162 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Columbia Sportswear by 4.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,216 shares of the textile maker's stock worth $286,000 after acquiring an additional 200 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Columbia Sportswear by 43.6% in the 1st quarter. Parallel Advisors LLC now owns 817 shares of the textile maker's stock worth $45,000 after acquiring an additional 248 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Columbia Sportswear by 72.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 888 shares of the textile maker's stock valued at $49,000 after purchasing an additional 373 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Columbia Sportswear during the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 47.76% of the company's stock.

Columbia Sportswear Company Profile

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.

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