Equity research analysts expect Columbia Sportswear (NASDAQ:COLM – Get a rating) to report sales of $768.73 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made earnings estimates for Columbia Sportswear. The lowest sales estimate is $745.90 million and the highest is $787.70 million. Columbia Sportswear recorded sales of $625.61 million in the same quarter last year, suggesting a positive year-over-year growth rate of 22.9%. The company is expected to announce its next quarterly earnings report after the market closes on Monday, January 1.
According to Zacks, analysts expect Columbia Sportswear to record annual sales of $3.68 billion for the current year, with estimates ranging from $3.67 billion to $3.69 billion. For next year, analysts expect the company to post sales of $3.91 billion, with estimates ranging from $3.87 billion to $3.98 billion. Zacks sales averages are an average based on a survey of research companies that provide coverage for Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM – Get a rating) last announced its quarterly results on Thursday, February 3. The textile maker reported EPS of $2.39 for the quarter, beating the consensus estimate of $1.78 by $0.61. The company posted revenue of $1.13 billion for the quarter, versus $1.06 billion for analysts. Columbia Sportswear had a net margin of 11.33% and a return on equity of 18.64%. In the same quarter of the previous year, the company achieved EPS of $1.44.
Several brokerages have recently published reports on COLM. Robert W. Baird moved shares of Columbia Sportswear from an ‘outperforming’ rating to a ‘neutral’ rating and lowered his target price for the company from $130.00 to $107.00 in a research report Tuesday, January 4. StockNews.com began covering Columbia Sportswear stocks in a research report on Thursday, March 31. They set a “buy” rating on the stock. Cowen raised his price target on Columbia Sportswear shares from $110.00 to $116.00 and gave the company an “outperform” rating in a Wednesday, Feb. 9 research report. Seaport Res Ptn upgraded shares of Columbia Sportswear from a “neutral” rating to a “buy” rating in a Friday, Jan. 28 research report. To finish, Zacks Investment Research cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating and set a target price of $92.00 for the stock. in a research report on Tuesday, April 12. Six research analysts gave the stock a hold rating and four gave the company a buy rating. According to data from MarketBeat, Columbia Sportswear has an average rating of “Hold” and a consensus price target of $109.57.
A number of hedge funds have recently changed their holdings in the company. Atlanta Capital Management Co. LLC increased its stake in Columbia Sportswear by 3.5% in the fourth quarter. Atlanta Capital Management Co. LLC now owns 3,104,900 shares of the textile maker worth $302,541,000 after acquiring 104,451 additional shares last quarter. JPMorgan Chase & Co. increased its stake in shares of Columbia Sportswear by 36.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,374,952 shares of the textile maker valued at $133,975,000 after buying an additional 366,034 shares last quarter. Invesco Ltd. increased its stake in shares of Columbia Sportswear by 2.2% during the third quarter. Invesco Ltd. now owns 1,362,159 shares of the textile maker valued at $130,550,000 after buying 29,946 additional shares last quarter. State Street Corp increased its stake in shares of Columbia Sportswear by 2.7% during the fourth quarter. State Street Corp now owns 930,428 shares of the textile maker valued at $90,661,000 after buying an additional 24,224 shares last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Columbia Sportswear shares by 7.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 912,468 shares of the textile maker valued at $87,451,000 after buying an additional 60,473 shares last quarter. Institutional investors and hedge funds own 53.95% of the company’s shares.
Shares of COLM share opened at $89.99 on Wednesday. The company’s fifty-day simple moving average is $91.34 and its two-hundred-day simple moving average is $95.33. The stock has a market capitalization of $5.81 billion, a P/E ratio of 16.79, a PEG ratio of 1.71 and a beta of 0.90. Columbia Sportswear has a 52 week minimum of $83.61 and a 52 week maximum of $114.98.
The company also recently declared a quarterly dividend, which was paid on Monday, March 21. Investors of record on Friday, March 11 received a dividend of $0.30 per share. This represents an annualized dividend of $1.20 and a yield of 1.33%. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, March 10. Columbia Sportswear’s dividend payout ratio is currently 22.39%.
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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