Columbia Sportswear (NASDAQ:COLM) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Columbia Sportswear from “hold” to “strong-buy,” although the broader analyst consensus remains “Hold” with a $65.40 price target.
• Columbia Sportswear reported quarterly EPS of $0.52, beating estimates by $0.91, while revenue reached $614.36 million and increased 1.5% year over year.
• The stock opened at $57.36, below its 50-day and 200-day moving averages; two company directors also recently sold shares worth a combined approximately $558,500.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday.

A number of other research firms also recently weighed in on COLM. Citigroup reaffirmed a "neutral" rating and issued a $68.00 price target (up from $67.00) on shares of Columbia Sportswear in a research note on Wednesday, July 22nd. UBS Group reissued a "sell" rating and set a $47.00 price objective (up from $44.00) on shares of Columbia Sportswear in a research report on Friday, May 1st. Zacks Research downgraded Columbia Sportswear from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 20th. Weiss Ratings downgraded Columbia Sportswear from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday. Finally, BTIG Research reaffirmed a "buy" rating and issued a $80.00 target price on shares of Columbia Sportswear in a research report on Friday, July 31st. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Columbia Sportswear currently has a consensus rating of "Hold" and a consensus price target of $65.40.

Columbia Sportswear Stock Up 0.1%

NASDAQ:COLM opened at $57.36 on Friday. The stock has a fifty day simple moving average of $63.36 and a 200 day simple moving average of $60.52. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 14.90 and a beta of 0.94. 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 data on Thursday, July 30th. The textile maker reported $0.52 EPS for the quarter, beating analysts' consensus estimates of ($0.39) by $0.91. The company had revenue of $614.36 million during the quarter, compared to analyst estimates of $606.97 million. Columbia Sportswear had a net margin of 6.05% and a return on equity of 11.20%. The business's quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($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 analysts predict that Columbia Sportswear will post 3.58 earnings per share for the current year.

Insider Transactions at Columbia Sportswear

In other news, Director Ronald E. Nelson sold 4,080 shares of Columbia Sportswear stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $67.78, for a total transaction of $276,542.40. Following the sale, the director directly owned 22,789 shares in the company, valued at approximately $1,544,638.42. The trade was a 15.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen E. Babson sold 4,150 shares of the firm's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $67.95, for a total transaction of $281,992.50. Following the transaction, the director owned 132,376 shares of the company's stock, valued at approximately $8,994,949.20. This represents a 3.04% decrease in their position. The disclosure for this sale is available in the SEC filing. 51.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Columbia Sportswear

A number of hedge funds have recently modified their holdings of COLM. Millennium Management LLC grew its position in Columbia Sportswear by 24.6% during the 1st quarter. Millennium Management LLC now owns 142,956 shares of the textile maker's stock worth $10,820,000 after acquiring an additional 28,269 shares during the last quarter. Jones Financial Companies Lllp raised its position in Columbia Sportswear by 208.3% in the 1st quarter. Jones Financial Companies Lllp now owns 555 shares of the textile maker's stock valued at $42,000 after purchasing an additional 375 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Columbia Sportswear by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 114,611 shares of the textile maker's stock worth $8,675,000 after purchasing an additional 2,680 shares in the last quarter. Jane Street Group LLC boosted its stake in Columbia Sportswear by 125.0% in the first quarter. Jane Street Group LLC now owns 115,294 shares of the textile maker's stock worth $8,727,000 after purchasing an additional 64,046 shares in the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Columbia Sportswear by 11.7% during the second quarter. Prudential Financial Inc. now owns 3,333 shares of the textile maker's stock worth $204,000 after purchasing an additional 350 shares during the last quarter. 47.76% of the stock is owned by institutional investors and hedge funds.

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.

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