Columbia Sportswear (NASDAQ:COLM) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Columbia Sportswear (NASDAQ:COLM) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

Several other brokerages have also recently issued reports on COLM. Stifel Nicolaus increased their price objective on Columbia Sportswear from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Citigroup reiterated a “neutral” rating and issued a $67.00 price objective (up from $65.00) on shares of Columbia Sportswear in a research note on Monday, May 4th. BTIG Research increased their price objective on Columbia Sportswear from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Weiss Ratings cut Columbia Sportswear from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Finally, UBS Group reiterated a “sell” rating and issued a $47.00 price objective (up from $44.00) on shares of Columbia Sportswear in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $62.67.

Columbia Sportswear Stock Up 3.1%

NASDAQ:COLM opened at $60.42 on Tuesday. The stock’s fifty day moving average is $57.94 and its two-hundred day moving average is $56.83. Columbia Sportswear has a 52 week low of $47.47 and a 52 week high of $67.91. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 19.24 and a beta of 0.91.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.30. Columbia Sportswear had a return on equity of 11.78% and a net margin of 4.98%.The company had revenue of $779.01 million for the quarter, compared to analysts’ expectations of $758.26 million. During the same period in the prior year, the firm earned $0.75 earnings per share. The firm’s revenue was up .1% compared to the same quarter last year. Columbia Sportswear has set its FY 2026 guidance at 3.550-4.000 EPS and its Q2 2026 guidance at -0.460–0.370 EPS. On average, sell-side analysts expect that Columbia Sportswear will post 3.88 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, May 21st. Columbia Sportswear’s dividend payout ratio is 38.22%.

Insider Buying and Selling

In related news, Director Sabrina Simmons sold 1,329 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $61.24, for a total value of $81,387.96. Following the transaction, the director owned 8,260 shares of the company’s stock, valued at $505,842.40. This represents a 13.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 51.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Columbia Sportswear

Several large investors have recently bought and sold shares of COLM. JPMorgan Chase & Co. increased its holdings in Columbia Sportswear by 215.0% in the third quarter. JPMorgan Chase & Co. now owns 1,083,624 shares of the textile maker’s stock valued at $56,674,000 after buying an additional 739,584 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new position in Columbia Sportswear in the first quarter valued at $27,407,000. AQR Capital Management LLC increased its holdings in Columbia Sportswear by 82.9% in the third quarter. AQR Capital Management LLC now owns 970,675 shares of the textile maker’s stock valued at $50,242,000 after buying an additional 439,913 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Columbia Sportswear by 15.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,222,770 shares of the textile maker’s stock valued at $121,824,000 after buying an additional 301,277 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Columbia Sportswear by 231.7% during the second quarter. Invesco Ltd. now owns 367,330 shares of the textile maker’s stock worth $22,437,000 after purchasing an additional 256,578 shares during the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

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.