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

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

A number of other research firms have also issued reports on COLM. UBS Group reiterated a “sell” rating and set a $47.00 price objective (up from $44.00) on shares of Columbia Sportswear in a research note on Friday, May 1st. Weiss Ratings raised shares of Columbia Sportswear from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 10th. BTIG Research raised their price objective on shares of Columbia Sportswear from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Citigroup reaffirmed a “neutral” rating and set a $67.00 price objective (up from $65.00) on shares of Columbia Sportswear in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $62.83.

Columbia Sportswear Stock Up 0.4%

NASDAQ COLM opened at $63.47 on Monday. The company has a market cap of $3.25 billion, a PE ratio of 20.21 and a beta of 0.94. Columbia Sportswear has a 52 week low of $47.47 and a 52 week high of $69.06. The firm’s 50-day simple moving average is $63.81 and its two-hundred day simple moving average is $60.13.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, April 30th. The textile maker reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.30. Columbia Sportswear had a net margin of 4.98% and a return on equity of 11.78%. The firm had revenue of $779.01 million during the quarter, compared to the consensus estimate of $758.26 million. During the same quarter last year, the company earned $0.75 earnings per share. The company’s revenue was up .1% on a year-over-year basis. Columbia Sportswear has set its FY 2026 guidance at 3.550-4.000 EPS and its Q2 2026 guidance at -0.460–0.370 EPS. As a group, equities research analysts anticipate that Columbia Sportswear will post 3.86 EPS for the current year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, May 21st. Columbia Sportswear’s dividend payout ratio (DPR) is currently 38.22%.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Stephen E. Babson sold 4,150 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $67.95, for a total value of $281,992.50. Following the completion of the transaction, the director owned 132,376 shares of the company’s stock, valued at $8,994,949.20. The trade was a 3.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald E. Nelson sold 4,080 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $67.78, for a total transaction of $276,542.40. Following the completion of the transaction, the director directly owned 22,789 shares in the company, valued at $1,544,638.42. The trade was a 15.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,559 shares of company stock worth $639,923 over the last three months. 51.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Columbia Sportswear

Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its position in Columbia Sportswear by 195.4% during the fourth quarter. Farther Finance Advisors LLC now owns 449 shares of the textile maker’s stock valued at $25,000 after buying an additional 297 shares during the period. Allworth Financial LP boosted its holdings in Columbia Sportswear by 690.0% during the 3rd quarter. Allworth Financial LP now owns 553 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 483 shares during the period. Parallel Advisors LLC grew its position in Columbia Sportswear by 250.0% during the 3rd quarter. Parallel Advisors LLC now owns 581 shares of the textile maker’s stock worth $30,000 after acquiring an additional 415 shares during the last quarter. Jones Financial Companies Lllp increased its stake in 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 period. Finally, EverSource Wealth Advisors LLC lifted its position in Columbia Sportswear by 255.7% in the second quarter. EverSource Wealth Advisors LLC now owns 683 shares of the textile maker’s stock valued at $42,000 after purchasing an additional 491 shares during the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Company Profile

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.