Columbia Sportswear (NASDAQ:COLM – Get Free Report) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.
A number of other research firms have also commented on COLM. Robert W. Baird set a $65.00 price objective on shares of Columbia Sportswear in a research note on Friday, July 31st. Citigroup reissued a “neutral” rating and set a $68.00 target price (up from $67.00) on shares of Columbia Sportswear in a research note on Wednesday, July 22nd. Stifel Nicolaus set a $67.00 target price on Columbia Sportswear and gave the company a “buy” rating in a report on Friday, July 31st. Zacks Research cut Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Weiss Ratings upgraded Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Columbia Sportswear presently has a consensus rating of “Hold” and an average target price of $65.40.
View Our Latest Research Report on COLM
Columbia Sportswear Price Performance
Columbia Sportswear (NASDAQ:COLM – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.91. The firm had revenue of $614.36 million for 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%.Columbia Sportswear’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.19) EPS. 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. As a group, sell-side analysts expect that Columbia Sportswear will post 3.58 EPS for the current fiscal year.
Hedge Funds Weigh In On Columbia Sportswear
A number of hedge funds have recently added to or reduced their stakes in COLM. Corient Private Wealth LP raised its position in Columbia Sportswear by 25.7% during the second quarter. Corient Private Wealth LP now owns 8,528 shares of the textile maker’s stock valued at $527,000 after acquiring an additional 1,742 shares in the last quarter. California State Teachers Retirement System grew its position in Columbia Sportswear by 4,939.5% in the second quarter. California State Teachers Retirement System now owns 1,530,107 shares of the textile maker’s stock worth $94,591,000 after acquiring an additional 1,499,745 shares in the last quarter. Tassel Capital Management Inc. bought a new stake in Columbia Sportswear in the second quarter worth approximately $10,085,000. Syon Capital LLC acquired a new position in shares of Columbia Sportswear during the 2nd quarter worth $304,000. Finally, Nykredit A S acquired a new position in shares of Columbia Sportswear during the 2nd quarter worth $122,000. Institutional investors and hedge funds own 47.76% of the company’s stock.
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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