$0.86 EPS expected for Columbia Sportswear (NASDAQ:COLM) this quarter

Stock analysts expect Columbia Sportswear (NASDAQ:COLM – Get a rating) will post earnings per share (EPS) of $0.86 for the current fiscal quarter, according to Zacks Investment Research. Three analysts provided earnings estimates for Columbia Sportswear. The lowest EPS estimate is $0.74 and the highest is $1.01. Columbia Sportswear reported earnings per share of $0.84 in the same quarter last year, which would indicate a positive growth rate of 2.4% year over year. The company is due to announce its next earnings report on Monday, January 1.

According to Zacks, analysts expect Columbia Sportswear to report annual earnings of $5.76 per share for the current fiscal year, with EPS estimates ranging from $5.67 to $5.80. For the next fiscal year, analysts expect the company to post earnings of $6.36 per share, with EPS estimates ranging from $6.15 to $6.53. Zacks earnings per share averages are an average based on a survey of sell-side research analysts who provide coverage for Columbia Sportswear.

Columbia Sportswear (NASDAQ:COLM – Get a rating) last reported quarterly earnings data on Thursday, February 3. The textile maker reported EPS of $2.39 for the quarter, beating Thomson Reuters consensus estimate of $1.78 by $0.61. The company posted revenue of $1.13 billion in the quarter, versus analyst estimates of $1.06 billion. Columbia Sportswear had a net margin of 11.33% and a return on equity of 18.64%. During the same period last year, the company posted EPS of $1.44.

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COLM has been the subject of a number of research analyst reports. CL King raised shares of Columbia Sportswear to a “buy” rating and set a price target of $117.00 on the stock in a Friday, February 4 research note. Wolfe Research downgraded shares of Columbia Sportswear to a “neutral” rating in a Tuesday, January 4, research note. Cowen raised his price target on shares of Columbia Sportswear from $110.00 to $116.00 and gave the stock an “outperform” rating in a Wednesday, Feb. 9 research note. Stifel Nicolaus downgraded Columbia Sportswear from a “buy” rating to a “hold” rating and reduced his price target for the stock from $126.00 to $111.00 in a Thursday, Dec. 16, report. Ultimately, Zacks Investment Research upgraded Columbia Sportswear from a “hold” rating to a “strong-buy” rating and set a price target of $110.00 on the stock in a Tuesday, February 15 report. Five equity research analysts gave the stock a hold rating, three gave the stock a buy rating and one gave the stock a high buy rating. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $112.14.

COLM was up $0.79 during Friday’s trading, hitting $92.04. 189,712 shares of the company were traded, against an average volume of 467,332. Columbia Sportswear has a 1-year low of $83.61 and a 1-year high of $114.98. The stock has a market capitalization of $5.94 billion, a P/E ratio of 17.17, a growth price/earnings ratio of 1.78 and a beta of 0.90. The company’s fifty-day simple moving average is $92.27 and its 200-day simple moving average is $96.57.

The company also recently declared a quarterly dividend, which was paid on Monday, March 21. Shareholders of record on Friday, March 11 received a dividend of $0.30 per share. This represents an annualized dividend of $1.20 and a dividend yield of 1.30%. The ex-dividend date was Thursday, March 10. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.26. Columbia Sportswear’s dividend payout ratio is 22.39%.

Several institutional investors have recently increased or reduced their stake in COLM. JPMorgan Chase & Co. increased its position in Columbia Sportswear by 36.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,374,952 shares of the textile maker worth $133,975,000 after acquiring 366,034 additional shares last quarter. Norges Bank acquired a new stake in Columbia Sportswear in the fourth quarter worth $32,654,000. Marshall Wace LLP increased its holdings in Columbia Sportswear by 3,353.7% in the fourth quarter. Marshall Wace LLP now owns 236,719 shares of the textile maker valued at $23,065,000 after buying an additional 229,865 shares in the last quarter. American Century Companies Inc. increased its stake in Columbia Sportswear by 6,661.8% in the fourth quarter. American Century Companies Inc. now owns 227,806 shares of the textile maker valued at $22,197,000 after buying an additional 224,437 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in Columbia Sportswear in the fourth quarter at a value of $17,812,000. Institutional investors and hedge funds own 53.95% of the company’s shares.

Columbia Sportswear Company Profile (Get a rating)

Columbia Sportswear Co engages in the design, supply, marketing and distribution of outdoor and active lifestyle apparel, footwear, accessories and equipment. It operates through the following geographic segments: United States, Latin America and Asia-Pacific, Europe, Middle East and Africa, and Canada.

Further reading

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