Equity research analysts expect Columbia Sportswear (NASDAQ: COLM) to post $ 1.06 billion in revenue for the current fiscal quarter, according to Zack. Two analysts provided earnings estimates for Columbia Sportswear, with estimates ranging from $ 1.05 billion to $ 1.07 billion. Columbia Sportswear posted sales of $ 915.62 million in the same quarter last year, which would indicate a positive growth rate of 15.8% year-over-year. The company is expected to announce its next quarterly earnings report on Thursday, February 3.
According to Zacks, analysts expect Columbia Sportswear to report annual sales of $ 3.06 billion for the current fiscal year, with estimates ranging from $ 3.05 billion to $ 3.06 billion. For the next fiscal year, analysts predict the company will post revenue of $ 3.52 billion, with estimates ranging from $ 3.52 billion to $ 3.53 billion. Zacks’ sales averages are an average based on a survey of seller-side analysts who provide coverage for Columbia Sportswear.
Columbia Sportswear (NASDAQ: COLM) last released its quarterly earnings data on Thursday, October 28. The textile maker reported earnings per share of $ 1.52 for the quarter, beating the Zacks consensus estimate of $ 1.31 by $ 0.21. The company posted revenue of $ 804.70 million for the quarter, compared to analysts’ estimates of $ 862.03 million. Columbia Sportswear reported a return on equity of 15.74% and a net margin of 10.06%. The company’s revenue for the quarter increased 14.8% from the same quarter last year. In the same quarter of the previous year, the company posted earnings per share of $ 0.94.
Several equity analysts recently commented on COLM stocks. Bank of America downgraded Columbia Sportswear from a “buy” rating to a “neutral” rating and lowered its price target for the company from $ 137.00 to $ 108.00 in a research note on Tuesday October 5. Wolfe Research downgraded Columbia Sportswear to a “neutral” rating in a research note on Tuesday. Zacks investment research downgraded Columbia Sportswear from a “keep” rating to a “sell” rating and set a target price of $ 104.00 for the stock. in a research note Tuesday. Stifel Nicolaus downgraded Columbia Sportswear from a “buy” rating to a “conservation” rating and lowered its target price for the stock from $ 126.00 to $ 111.00 in a research note on Thursday 16 December. Finally, Robert W. Baird downgraded Columbia Sportswear from an “outperforming” rating to a “neutral” rating and lowered its target price for the stock from $ 130.00 to $ 107.00 in a research note on Tuesday. One research analyst rated the stock with a sell rating, five assigned a conservation rating, and one assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $ 112.67.
Columbia Sportswear shares opened at $ 94.55 on Friday. Columbia Sportswear has a 52-week low of $ 85.28 and a 52-week high of $ 114.98. The company’s fifty-day simple moving average is $ 100.07 and its 200-day simple moving average is $ 100.08. The company has a market cap of $ 6.17 billion, a PE ratio of 21.44, a price / earnings-growth ratio of 0.61, and a beta of 0.90.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 2. Investors registered on Thursday, November 18 received a dividend of $ 0.26. The ex-dividend date was Wednesday, November 17. This represents a dividend of $ 1.04 on an annualized basis and a dividend yield of 1.10%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 23.58%.
In other Columbia Sportswear news, the director Walter Klenz sold 1,192 shares in a trade that took place on Friday, November 12. The stock was sold for an average price of $ 105.97, for a total trade of $ 126,316.24. The transaction was disclosed in a legal file with the Securities & Exchange Commission, accessible via this hyperlink. 40.33% of the shares are currently held by insiders of the company.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Morgan Stanley increased its position in Columbia Sportswear by 106.0% in the second quarter. Morgan Stanley now owns 130,478 shares of the textile maker valued at $ 12,834,000 after purchasing an additional 67,154 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Columbia Sportswear by 25.1% in the second quarter. The Manufacturers Life Insurance Company now owns 214,519 shares of the textile maker valued at $ 21,100,000 after purchasing an additional 43,074 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Columbia Sportswear during the second quarter valued at $ 1,786,000. Caxton Associates LP acquired a new position in Columbia Sportswear during the second quarter valued at $ 314,000. Finally, JustInvest LLC acquired a new position in Columbia Sportswear during the second quarter for a value of $ 220,000. 51.67% of the shares are held by hedge funds and other institutional investors.
About Columbia Sportswear
Columbia Sportswear Co is engaged in the design, sourcing, marketing and distribution of outdoor and active lifestyle apparel, footwear, accessories and equipment. It operates through the following geographic segments: the United States; Latin America and Asia-Pacific; Europe, Middle East and Africa; and Canadian.
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