Brokerages expect Columbia Sportswear (NASDAQ: COLM) to report earnings of $ 1.31 per share for the current quarter, according to Zack. Two analysts provided earnings estimates for Columbia Sportswear, with the lowest EPS estimate being $ 1.23 and the highest estimate being $ 1.46. Columbia Sportswear reported earnings per share of $ 0.94 in the same quarter last year, which would suggest a positive year-over-year growth rate of 39.4%. The company is expected to report its next results on Thursday, November 4.
According to Zacks, analysts predict that Columbia Sportswear will report annual earnings of $ 4.62 per share for the current fiscal year, with EPS estimates ranging from $ 4.50 to $ 4.75. For next year, analysts expect the company to post earnings of $ 5.36 per share, with EPS estimates ranging from $ 5.20 to $ 5.60. Zacks’ earnings per share calculations are an average based on a survey of analysts who follow Columbia Sportswear.
Columbia Sportswear (NASDAQ: COLM) last released its results on Sunday, August 1. The textile maker reported earnings of $ 0.61 per share for the quarter, beating Thomson Reuters consensus estimate of ($ 0.08) by $ 0.69. Columbia Sportswear reported a return on equity of 14.00% and a net margin of 9.08%. The company posted revenue of $ 566.37 million in the quarter, compared to analysts’ estimates of $ 503.02 million. During the same period of the previous year, the company made EPS ($ 0.77). The company’s revenue for the quarter increased 78.9% year-over-year.
COLM has been the subject of a number of research analyst reports. Robert W. Baird raised his Columbia Sportswear price target from $ 120.00 to $ 130.00 and gave the stock an “outperformance” rating in a report released Thursday, June 10. Zacks investment research downgraded Columbia Sportswear from a “buy” rating to a “keep” rating and set a target price of $ 106.00 for the company. in a research note on Tuesday July 6. TheStreet downgraded Columbia Sportswear from a “c +” rating to a “b-” rating in a Wednesday, June 16 research note. Finally, Pivotal Research reiterated a “hold” note and issued a price target of $ 116.00 on Columbia Sportswear shares in a research report released on Wednesday, July 28. Four equity research analysts rated the stock with a conservation rating and four issued a buy rating for the company’s stock. According to data from MarketBeat.com, Columbia Sportswear currently has a consensus rating of “Buy” and a consensus target price of $ 115.14.
In other news, EVP Lisa Kulok sold 525 shares of Columbia Sportswear in a trade on Tuesday, August 31. The stock was sold for an average price of $ 103.13, for a total trade of $ 54,143.25. The transaction was disclosed in a file with the Securities & Exchange Commission, which can be accessed via this link. 40.33% of the shares are currently held by insiders of the company.
Hedge funds have recently bought and sold stocks. UBS Group AG increased its stake in Columbia Sportswear by 66.8% in the first quarter. UBS Group AG now owns 29,013 shares of the textile maker valued at $ 3,065,000 after purchasing an additional 11,616 shares in the last quarter. Holocene Advisors LP increased its stake in Columbia Sportswear shares by 18.8% during the first quarter. Holocene Advisors LP now owns 61,196 shares of the textile maker valued at $ 6,464,000 after purchasing an additional 9,680 shares in the last quarter. HRT Financial LP acquired a new position in Columbia Sportswear stocks in the first quarter valued at approximately $ 4,811,000. Principal Financial Group Inc. increased its stake in Columbia Sportswear shares by 18.7% in the first quarter. Principal Financial Group Inc. now owns 104,908 shares of the textile maker valued at $ 11,081,000 after acquiring an additional 16,515 shares during the period. Finally, Panagora Asset Management Inc. increased its stake in Columbia Sportswear by 2,146.2% in the first quarter. Panagora Asset Management Inc. now owns 1,168 shares of the textile maker valued at $ 123,000 after purchasing an additional 1,116 shares during the period. 46.64% of the shares are held by institutional investors and hedge funds.
Actions of COLME traded up $ 0.11 during trading hours on Wednesday, reaching $ 99.41. 292,695 shares of the company were traded, for an average volume of 362,072. Columbia Sportswear has a 52-week low of $ 73.11 and a 52-week high of $ 114.98. The stock has a market cap of $ 6.56 billion, a P / E ratio of 25.96, a P / E / G ratio of 0.66, and a beta of 0.87. The company has a fifty-day moving average price of $ 101.30 and a 200-day moving average price of $ 103.23.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 26. Shareholders of record on Thursday August 12 received a dividend of $ 0.26 per share. This represents a dividend of $ 1.04 on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Wednesday August 11. Columbia Sportswear’s dividend payout ratio is currently 64.20%.
Columbia Sportswear Company Profile
Columbia Sportswear Co is engaged in the design, supply, 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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