Columbia Sportswear (NASDAQ:COLM) Upgraded at Zacks Research

Zacks Research upgraded shares of Columbia Sportswear (NASDAQ:COLM) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday,Zacks.com reports.

COLM has been the subject of a number of other research reports. Citigroup reaffirmed a “neutral” rating and set a $62.00 price target (up previously from $55.00) on shares of Columbia Sportswear in a research report on Wednesday. Robert W. Baird set a $63.00 target price on Columbia Sportswear in a research note on Wednesday. BTIG Research reaffirmed a “buy” rating and issued a $75.00 price target on shares of Columbia Sportswear in a research note on Friday, January 30th. UBS Group reiterated a “sell” rating and issued a $44.00 price target (up previously from $39.00) on shares of Columbia Sportswear in a report on Wednesday. Finally, Wall Street Zen upgraded shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Columbia Sportswear currently has a consensus rating of “Hold” and an average target price of $60.50.

Columbia Sportswear Stock Up 3.3%

Shares of COLM opened at $63.07 on Thursday. The stock has a market capitalization of $3.40 billion, a P/E ratio of 19.47 and a beta of 0.91. Columbia Sportswear has a twelve month low of $47.47 and a twelve month high of $92.88. The firm has a fifty day simple moving average of $55.66 and a two-hundred day simple moving average of $54.26.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Tuesday, February 3rd. The textile maker reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.51. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Columbia Sportswear had a net margin of 5.22% and a return on equity of 12.03%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.80 earnings per share. 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. Sell-side analysts expect that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Monday, March 9th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, March 9th. Columbia Sportswear’s payout ratio is currently 37.04%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in COLM. Millennium Management LLC boosted its holdings in Columbia Sportswear by 24.6% in the first quarter. Millennium Management LLC now owns 142,956 shares of the textile maker’s stock worth $10,820,000 after acquiring an additional 28,269 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Columbia Sportswear by 208.3% in 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake 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 worth $8,675,000 after purchasing an additional 2,680 shares in the last quarter. Jane Street Group LLC grew its position in Columbia Sportswear by 125.0% during the 1st quarter. Jane Street Group LLC now owns 115,294 shares of the textile maker’s stock valued at $8,727,000 after purchasing an additional 64,046 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Columbia Sportswear during the 2nd quarter valued at about $425,000. 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.