Wall Street Zen lowered shares of Columbia Sportswear (NASDAQ:COLM – Free Report) from a strong-buy rating to a buy rating in a report published on Sunday,Wall Street Zen reports.
COLM has been the subject of several other reports. Robert W. Baird set a $65.00 price target on Columbia Sportswear in a research note on Friday, July 31st. Zacks Research lowered shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Stifel Nicolaus set a $67.00 price objective on shares of Columbia Sportswear and gave the company a “buy” rating in a research report on Friday, July 31st. Citigroup reissued a “neutral” rating and issued a $68.00 target price (up from $67.00) on shares of Columbia Sportswear in a report on Wednesday, July 22nd. Finally, BTIG Research restated a “buy” rating and set 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, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Columbia Sportswear currently has an average rating of “Hold” and an average price target of $65.40.
View Our Latest Analysis on COLM
Columbia Sportswear Price Performance
Columbia Sportswear (NASDAQ:COLM – Get Free Report) last released its quarterly earnings data 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. Columbia Sportswear had a return on equity of 11.20% and a net margin of 6.05%. The firm had revenue of $614.36 million during the quarter, compared to analyst estimates of $606.97 million. During the same quarter in the prior year, the company posted ($0.19) earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. 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. On average, equities analysts expect that Columbia Sportswear will post 3.58 earnings per share for the current year.
Columbia Sportswear Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Thursday, August 20th. Columbia Sportswear’s payout ratio is currently 31.17%.
Hedge Funds Weigh In On Columbia Sportswear
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its position in shares of Columbia Sportswear by 44.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,485 shares of the textile maker’s stock valued at $648,000 after buying an additional 3,212 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Columbia Sportswear by 4.9% in the 2nd quarter. Tidal Investments LLC now owns 15,820 shares of the textile maker’s stock valued at $978,000 after acquiring an additional 734 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Columbia Sportswear by 129.7% in the 2nd quarter. Squarepoint Ops LLC now owns 167,161 shares of the textile maker’s stock valued at $10,334,000 after acquiring an additional 94,377 shares during the last quarter. Nykredit A S bought a new position in shares of Columbia Sportswear in the 2nd quarter valued at about $122,000. Finally, Corient Private Wealth LP grew its position in Columbia Sportswear by 25.7% in the second quarter. Corient Private Wealth LP now owns 8,528 shares of the textile maker’s stock worth $527,000 after acquiring an additional 1,742 shares in the last quarter. 47.76% of the stock is owned by institutional investors.
Columbia Sportswear Company Profile
Columbia Sportswear Company is a global outdoor and active-lifestyle apparel, footwear, accessories and equipment company headquartered in Portland, Oregon. Its product portfolio is designed for activities including hiking, skiing, snowboarding, trail use and other outdoor pursuits, while also serving everyday casual and active consumers.
The company markets products under the Columbia, SOREL, Mountain Hardwear and prAna brands. Columbia offers technical and everyday outdoor apparel, footwear and accessories; SOREL focuses primarily on fashion-oriented and performance footwear; Mountain Hardwear specializes in technical outdoor apparel and equipment; and prAna offers clothing associated with yoga, climbing, travel and other active lifestyles.
Columbia Sportswear sells its products through wholesale distributors and retailers, company-operated stores and e-commerce websites.
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