Zacks Research Downgrades Columbia Sportswear (NASDAQ:COLM) to Strong Sell

Key Points

• Zacks Research has downgraded Columbia Sportswear (NASDAQ:COLM) from a "hold" rating to a "strong sell" rating, reflecting a negative outlook from equities research analysts.
• The average target price for Columbia Sportswear's stock is currently $60.80, with ratings ranging from Buy to Sell from various analysts, indicating mixed investor sentiment.
• Columbia Sportswear reported earnings of ($0.19) per share, outperforming estimates, while generating revenues of $605.25 million, which was above analysts' expectations.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also commented on the company. Barclays cut their target price on Columbia Sportswear from $62.00 to $51.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Cfra Research upgraded Columbia Sportswear to a "hold" rating in a research report on Monday, August 4th. UBS Group cut their target price on Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating on the stock in a research report on Friday, August 1st. Stifel Nicolaus cut their target price on Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Finally, Citigroup cut their target price on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $60.80.

Columbia Sportswear Trading Up 0.7%

Shares of COLM stock opened at $52.67 on Tuesday. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 13.44 and a beta of 0.98. The stock has a 50-day moving average of $54.36 and a 200-day moving average of $61.55. Columbia Sportswear has a 1-year low of $48.10 and a 1-year high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The textile maker reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.09. The company had revenue of $605.25 million during the quarter, compared to analysts' expectations of $587.97 million. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%.The business's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.20) earnings per share. Columbia Sportswear has set its Q3 2025 guidance at 1.000-1.200 EPS. FY 2025 guidance at EPS. Sell-side analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in COLM. Elevation Point Wealth Partners LLC bought a new position in Columbia Sportswear in the second quarter worth approximately $31,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Columbia Sportswear in the first quarter valued at approximately $38,000. Jones Financial Companies Lllp lifted its holdings in shares of Columbia Sportswear by 208.3% in the first 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 in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Columbia Sportswear by 255.7% in the second quarter. EverSource Wealth Advisors LLC now owns 683 shares of the textile maker's stock valued at $42,000 after purchasing an additional 491 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Columbia Sportswear in the first quarter valued at approximately $44,000. Institutional investors own 47.76% of the company's stock.

Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.

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