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

Zacks Research downgraded shares of Columbia Sportswear (NASDAQ:COLM) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Other analysts have also recently issued reports about the company. Barclays reduced their price target on Columbia Sportswear from $62.00 to $51.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Citigroup reduced their price objective on Columbia Sportswear from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, August 1st. Stifel Nicolaus reduced their price objective on Columbia Sportswear from $75.00 to $68.00 and set a “buy” rating for the company in a report on Friday, August 1st. UBS Group reduced their price objective on Columbia Sportswear from $45.00 to $40.00 and set a “sell” rating for the company in a report on Friday, August 1st. Finally, Cfra Research raised Columbia Sportswear to a “hold” rating in a report on Monday, August 4th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $60.80.

Columbia Sportswear Trading Up 2.0%

Shares of COLM stock opened at $53.70 on Tuesday. The business’s 50 day moving average is $54.22 and its two-hundred day moving average is $61.37. Columbia Sportswear has a twelve month low of $48.10 and a twelve month high of $92.88. The company has a market capitalization of $2.94 billion, a P/E ratio of 13.70 and a beta of 0.98.

Columbia Sportswear (NASDAQ:COLM) last announced its 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 for the quarter, compared to the consensus estimate of $587.97 million. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%.The company’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted ($0.20) EPS. Columbia Sportswear has set its Q3 2025 guidance at 1.000-1.200 EPS. FY 2025 guidance at EPS. As a group, equities analysts predict that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, August 21st. Columbia Sportswear’s payout ratio is 30.61%.

Institutional Investors Weigh In On Columbia Sportswear

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Texas Permanent School Fund Corp grew its position in shares of Columbia Sportswear by 19.7% in the second quarter. Texas Permanent School Fund Corp now owns 30,189 shares of the textile maker’s stock valued at $1,844,000 after purchasing an additional 4,968 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Columbia Sportswear in the second quarter valued at $202,000. State of Wyoming grew its position in shares of Columbia Sportswear by 254.1% in the second quarter. State of Wyoming now owns 2,394 shares of the textile maker’s stock valued at $146,000 after purchasing an additional 1,718 shares during the period. FORA Capital LLC purchased a new stake in shares of Columbia Sportswear in the second quarter valued at $964,000. Finally, Headlands Technologies LLC grew its position in shares of Columbia Sportswear by 8.7% in the second quarter. Headlands Technologies LLC now owns 23,608 shares of the textile maker’s stock valued at $1,442,000 after purchasing an additional 1,888 shares during the period. Hedge funds and other institutional investors own 47.76% of the company’s stock.

About Columbia Sportswear

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.