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

Key Points

• Wall Street Zen downgraded Columbia Sportswear from “strong buy” to “buy.” Across analysts, the stock has an average “hold” rating and a consensus price target of $65.40.
• COLM shares opened at $57.72, compared with a 52-week range of $47.47 to $69.06, and the company has a market capitalization of approximately $2.95 billion.
• Columbia Sportswear’s latest results exceeded expectations, with quarterly earnings of $0.52 per share versus a consensus loss estimate of $0.39 and revenue of $614.36 million. Institutional investors and hedge funds own 47.76% of the company.

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

A number of other research firms also recently commented on COLM. Stifel Nicolaus set a $67.00 target price on shares of Columbia Sportswear and gave the stock a "buy" rating in a report on Friday, July 31st. Robert W. Baird set a $65.00 price target on shares of Columbia Sportswear in a research report on Friday, July 31st. Citigroup reaffirmed a "neutral" rating and issued a $68.00 price target (up from $67.00) on shares of Columbia Sportswear in a report on Wednesday, July 22nd. Weiss Ratings upgraded Columbia Sportswear from a "sell (d+)" rating to a "hold (c)" rating in a research report on Monday, August 17th. Finally, BTIG Research reissued a "buy" rating and set a $80.00 price objective on shares of Columbia Sportswear in a research note on Friday, July 31st. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $65.40.

Columbia Sportswear Stock Performance

Shares of COLM stock opened at $57.72 on Friday. Columbia Sportswear has a 1 year low of $47.47 and a 1 year high of $69.06. The business's fifty day moving average is $60.40 and its 200-day moving average is $60.57. The stock has a market cap of $2.95 billion, a PE ratio of 14.99 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its earnings results on Thursday, July 30th. The textile maker reported $0.52 earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.91. The business had revenue of $614.36 million during the quarter, compared to analysts' expectations of $606.97 million. Columbia Sportswear had a return on equity of 11.20% and a net margin of 6.05%.The company's quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.19) earnings per share. 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. Equities research analysts predict that Columbia Sportswear will post 3.58 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its position in Columbia Sportswear by 6.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,656 shares of the textile maker's stock worth $164,000 after acquiring an additional 162 shares during the period. Cetera Investment Advisers increased its holdings in shares of Columbia Sportswear by 4.3% in the 4th quarter. Cetera Investment Advisers now owns 4,115 shares of the textile maker's stock valued at $227,000 after purchasing an additional 168 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Columbia Sportswear by 4.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 5,216 shares of the textile maker's stock worth $286,000 after purchasing an additional 200 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Columbia Sportswear by 3.9% in the fourth quarter. Bank of Montreal Can now owns 5,322 shares of the textile maker's stock worth $293,000 after purchasing an additional 200 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Columbia Sportswear by 43.6% during the first quarter. Parallel Advisors LLC now owns 817 shares of the textile maker's stock worth $45,000 after purchasing an additional 248 shares during the period. 47.76% of the stock is owned by institutional investors and hedge funds.

About Columbia Sportswear

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.

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