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

Zacks Research cut shares of Columbia Sportswear (NASDAQ:COLM) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Citigroup restated a “neutral” rating and set a $62.00 target price (up from $55.00) on shares of Columbia Sportswear in a report on Wednesday, February 4th. UBS Group restated a “sell” rating and set a $44.00 target price (up from $39.00) on shares of Columbia Sportswear in a report on Wednesday, February 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Columbia Sportswear in a report on Monday, December 29th. Robert W. Baird set a $63.00 target price on shares of Columbia Sportswear in a report on Wednesday, February 4th. Finally, Wall Street Zen upgraded shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Columbia Sportswear presently has an average rating of “Hold” and a consensus price target of $60.50.

Columbia Sportswear Stock Down 2.1%

Shares of NASDAQ COLM opened at $62.63 on Monday. Columbia Sportswear has a 52-week low of $47.47 and a 52-week high of $71.68. The firm has a fifty day moving average of $58.40 and a 200-day moving average of $55.80. The stock has a market capitalization of $3.28 billion, a PE ratio of 19.33 and a beta of 0.89.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Tuesday, February 3rd. The textile maker reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.51. Columbia Sportswear had a net margin of 5.22% and a return on equity of 12.03%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company earned $1.80 EPS. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. Columbia Sportswear has set its FY 2026 guidance at 3.200-3.650 EPS and its Q1 2026 guidance at 0.290-0.370 EPS. Equities research analysts expect that Columbia Sportswear will post 3.46 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Monday, March 9th were issued a $0.30 dividend. The ex-dividend date was Monday, March 9th. This represents a $1.20 dividend on an annualized basis and a yield of 1.9%. Columbia Sportswear’s payout ratio is currently 37.04%.

Hedge Funds Weigh In On Columbia Sportswear

A number of institutional investors have recently added to or reduced their stakes in COLM. JPMorgan Chase & Co. lifted its holdings in Columbia Sportswear by 215.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,083,624 shares of the textile maker’s stock worth $56,674,000 after buying an additional 739,584 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Columbia Sportswear by 82.9% in the 3rd 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. Invesco Ltd. lifted its holdings in Columbia Sportswear by 231.7% in the 2nd quarter. Invesco Ltd. now owns 367,330 shares of the textile maker’s stock worth $22,437,000 after buying an additional 256,578 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in Columbia Sportswear in the 4th quarter worth $12,135,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Columbia Sportswear in the 2nd quarter worth $12,238,000. 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.