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Wall Street analysts expect Columbia Sportswear (NASDAQ:COLM – Get a rating) will report $595.13 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have released earnings estimates for Columbia Sportswear, with estimates ranging from $591.80 million to $597.90 million. Columbia Sportswear recorded sales of $566.37 million in the same quarter last year, indicating a positive growth rate of 5.1% year over year. The company is due to release its next results on Monday, January 1.
On average, analysts expect Columbia Sportswear to record annual sales of $3.67 billion for the current year, with estimates ranging from $3.63 billion to $3.69 billion. For the next fiscal year, analysts expect the company to post sales of $3.89 billion, with estimates ranging from $3.83 billion to $3.98 billion. Zacks Investment Research sales calculations are an average based on a survey of sell-side research firms that provide coverage for Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM – Get a rating) last released its quarterly results on Thursday, April 28. The textile maker reported earnings per share of $1.03 for the quarter, beating consensus analyst estimates of $0.85 from $0.18. The company posted revenue of $761.50 million for the quarter, versus a consensus estimate of $762.88 million. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. The company’s revenue for the quarter increased by 21.7% compared to the same quarter last year. In the same period a year earlier, the company had earned earnings per share of $0.84.
A number of research analysts have weighed in on the company recently. StockNews.com moved Columbia Sportswear from a “buy” rating to a “hold” rating in a Friday, April 29 research report. TheStreet downgraded shares of Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 report. Robert W. Baird cut his price target on Columbia Sportswear stock from $110.00 to $100.00 in a Friday, April 29 report. Bank of America downgraded shares of Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its price target for the stock from $108.00 to $80.00 in a rating of research from Friday, April 29. Finally, Seaport Res Ptn upgraded Columbia Sportswear from a “neutral” rating to a “buy” rating in a Friday, January 28 report. One analyst rated the stock with a sell rating, six issued a hold rating and three gave the stock a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $104.57.
In other Columbia Sportswear news, director Stephen E. Babson sold 2,568 shares of the company in a trade dated Tuesday, May 3. The shares were sold at an average price of $81.14, for a total value of $208,367.52. Following completion of the transaction, the administrator now owns 112,627 shares of the company, valued at approximately $9,138,554.78. The transaction was disclosed in a legal filing with the SEC, which is available via the SEC website. Additionally, manager Ronald E. Nelson sold 3,706 shares of Columbia Sportswear in a trade that took place on Thursday, May 5. The shares were sold at an average price of $80.16, for a total value of $297,072.96. As a result of the sale, the administrator now directly owns 14,402 shares of the company, valued at approximately $1,154,464.32. Disclosure of this sale can be found here. 40.33% of the shares are held by insiders of the company.
A number of hedge funds have recently changed their positions in COLM. O Shares Investment Advisers LLC increased its stake in Columbia Sportswear by 2.3% during the fourth quarter. O Shares Investment Advisers LLC now owns 5,610 shares of the textile maker worth $547,000 after buying 128 additional shares last quarter. Mutual of America Capital Management LLC increased its stake in Columbia Sportswear shares by 0.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 30,923 shares of the textile maker worth $3,013,000 after buying 151 additional shares last quarter. The Swiss National Bank increased its holdings of Columbia Sportswear shares by 0.3% in the third quarter. The Swiss National Bank now owns 73,400 shares of the textile maker valued at $7,035,000 after buying an additional 200 shares during the period. Louisiana State Employees Retirement System increased its stake in Columbia Sportswear by 2.2% during the first quarter. The Louisiana State Employees Retirement System now owns 9,100 shares of the textile maker valued at $817,000 after buying 200 more shares last quarter. Finally, First Manhattan Co. increased its holdings in Columbia Sportswear by 304.9% during the third quarter. First Manhattan Co. now owns 332 shares of the textile maker worth $31,000 after acquiring an additional 250 shares during the period. Institutional investors hold 48.65% of the company’s shares.
Shares of COLM share opened at $75.84 on Tuesday. The stock has a fifty-day moving average price of $88.19 and a 200-day moving average price of $94.09. The stock has a market capitalization of $4.77 billion, a PE ratio of 13.66, a P/E/G ratio of 1.54 and a beta of 0.90. Columbia Sportswear has a 1-year low of $74.49 and a 1-year high of $108.47.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 2. Investors of record on Thursday, May 19 will receive a dividend of $0.30. The ex-dividend date is Wednesday, May 18. This represents an annualized dividend of $1.20 and a yield of 1.58%. Columbia Sportswear’s dividend payout ratio is currently 21.62%.
Columbia Sportswear Company Profile (Get a rating)
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia- Pacific, Europe, Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.
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