Columbia Sportswear (NASDAQ:COLM) Upgraded by Wall Street Zen to “Hold” Rating

Columbia Sportswear (NASDAQ:COLM) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other research firms have also commented on COLM. BTIG Research reaffirmed a “buy” rating and set a $75.00 price target on shares of Columbia Sportswear in a research report on Friday, October 31st. UBS Group reissued a “sell” rating and set a $39.00 target price (up previously from $38.00) on shares of Columbia Sportswear in a research note on Thursday, January 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Columbia Sportswear in a research report on Monday, December 29th. Citigroup lowered their price target on Columbia Sportswear from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Finally, Stifel Nicolaus cut their price objective on Columbia Sportswear from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $56.00.

Columbia Sportswear Trading Down 2.1%

Shares of COLM stock opened at $53.93 on Friday. The company’s 50-day moving average price is $54.67 and its 200-day moving average price is $54.94. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 16.29 and a beta of 0.90. Columbia Sportswear has a twelve month low of $47.47 and a twelve month high of $92.88.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, October 30th. The textile maker reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.16. The firm had revenue of $943.43 million during the quarter, compared to analysts’ expectations of $917.02 million. Columbia Sportswear had a net margin of 5.45% and a return on equity of 12.45%. Columbia Sportswear’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $1.56 earnings per share. Columbia Sportswear has set its Q4 2025 guidance at 1.040-1.340 EPS and its FY 2025 guidance at 3.010-3.310 EPS. As a group, equities research analysts predict that Columbia Sportswear will post 4.1 EPS for the current year.

Hedge Funds Weigh In On Columbia Sportswear

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COLM. Millennium Management LLC raised its stake in shares of Columbia Sportswear by 24.6% in the first quarter. Millennium Management LLC now owns 142,956 shares of the textile maker’s stock valued at $10,820,000 after acquiring an additional 28,269 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Columbia Sportswear by 208.3% during the 1st quarter. Jones Financial Companies Lllp now owns 555 shares of the textile maker’s stock worth $42,000 after purchasing an additional 375 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Columbia Sportswear by 2.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 114,611 shares of the textile maker’s stock valued at $8,675,000 after purchasing an additional 2,680 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Columbia Sportswear by 125.0% in the 1st quarter. Jane Street Group LLC now owns 115,294 shares of the textile maker’s stock valued at $8,727,000 after buying an additional 64,046 shares during the period. Finally, Voya Investment Management LLC boosted its stake in shares of Columbia Sportswear by 50.1% in the 1st quarter. Voya Investment Management LLC now owns 27,401 shares of the textile maker’s stock valued at $2,074,000 after buying an additional 9,142 shares during the period. Hedge funds and other institutional investors 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.