Wall Street Zen Upgrades Columbia Sportswear (NASDAQ:COLM) to “Strong-Buy”

Columbia Sportswear (NASDAQ:COLM) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a report issued on Saturday.

A number of other research analysts have also recently issued reports on COLM. Weiss Ratings cut Columbia Sportswear from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 3rd. BTIG Research restated a “buy” rating and set a $80.00 price target on shares of Columbia Sportswear in a report on Friday, July 31st. Zacks Research lowered Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Stifel Nicolaus set a $67.00 price target on shares of Columbia Sportswear and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Robert W. Baird set a $65.00 price objective 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 issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Columbia Sportswear presently has a consensus rating of “Hold” and a consensus target price of $65.40.

Columbia Sportswear Price Performance

NASDAQ:COLM opened at $57.36 on Friday. The firm’s 50-day moving average price is $63.36 and its 200-day moving average price is $60.56. The company has a market capitalization of $2.93 billion, a PE 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) last issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.91. Columbia Sportswear had a net margin of 6.05% and a return on equity of 11.20%. The company had revenue of $614.36 million during the quarter, compared to analysts’ expectations of $606.97 million. During the same period last year, the company posted ($0.19) EPS. Columbia Sportswear’s revenue 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. Equities analysts anticipate that Columbia Sportswear will post 3.58 EPS for the current fiscal year.

Insider Activity

In related news, Director Ronald E. Nelson sold 4,080 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $67.78, for a total transaction of $276,542.40. Following the completion of the transaction, 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 SEC, which can be accessed through this link. Also, Director Stephen E. Babson sold 4,150 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $67.95, for a total transaction of $281,992.50. Following the completion of the sale, the director directly owned 132,376 shares of the company’s stock, valued at $8,994,949.20. This represents a 3.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 51.90% of the company’s stock.

Hedge Funds Weigh In On Columbia Sportswear

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Columbia Sportswear during the 2nd quarter valued at approximately $152,164,000. Deprince Race & Zollo Inc. purchased a new position in shares of Columbia Sportswear in the first quarter worth $27,407,000. AQR Capital Management LLC lifted its holdings in shares of Columbia Sportswear by 82.9% in the third quarter. AQR Capital Management LLC now owns 970,675 shares of the textile maker’s stock worth $50,242,000 after buying an additional 439,913 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Columbia Sportswear by 15.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,222,770 shares of the textile maker’s stock worth $121,824,000 after acquiring an additional 301,277 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Columbia Sportswear during the second quarter valued at $16,691,000. 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.