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Equity research analysts predict that Columbia Sportswear (NASDAQ:COLM – Get a rating) will report earnings per share (EPS) of $0.04 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have released earnings estimates for Columbia Sportswear. The lowest EPS estimate is $0.00 and the highest is $0.10. Columbia Sportswear reported earnings per share of $0.61 in the same quarter last year, suggesting a negative 93.4% year-over-year growth rate. The company is due to announce its next results on Monday, January 1.
On average, analysts expect Columbia Sportswear to report annual earnings of $5.88 per share for the current fiscal year, with EPS estimates ranging from $5.75 to $6.00. For next year, analysts expect the company to post earnings of $6.44 per share, with EPS estimates ranging from $6.00 to $6.63. Zacks earnings per share averages are an average based on a survey of analysts who track Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM – Get a rating) last announced its quarterly results on Thursday, April 28. The textile maker reported EPS of $1.03 for the quarter, beating the consensus estimate of $0.86 by $0.17. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. The company posted revenue of $761.50 million for the quarter, versus analyst estimates of $762.88 million. In the same quarter last year, the company made earnings per share of $0.84. Columbia Sportswear revenue increased 21.7% compared to the same quarter last year.
A number of analysts have weighed in on COLM shares recently. CL King upgraded shares of Columbia Sportswear to a “buy” rating and set a target price of $117.00 for the company in a Friday, February 4, report. Robert W. Baird cut his target price on Columbia Sportswear stock from $110.00 to $100.00 in a Friday, April 29 report. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Friday, April 29. 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, Cowen reduced his price target on shares of Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research note. One equity research analyst gave the stock a sell rating, six gave the stock a hold rating and three gave the stock a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $102.00.
Shares of NASDAQ COLM traded at $1.53 during the midday session on Friday, reaching $77.25. 409,936 shares of the company were traded, against an average volume of 584,199. Columbia Sportswear has a fifty-two week low of $70.91 and a fifty-two week high of $107.50. The company has a market capitalization of $4.86 billion, a PE ratio of 13.92, a growth price-earnings ratio of 1.56 and a beta of 0.90. The stock has a fifty-day simple moving average of $84.39 and a 200-day simple moving average of $91.51.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2. Shareholders of record on Thursday, May 19 will receive a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 18. This represents an annualized dividend of $1.20 and a dividend yield of 1.55%. Columbia Sportswear’s payout ratio is 21.62%.
In other Columbia Sportswear news, Director Ronald E. Nelson sold 3,706 shares of the company in a trade dated Thursday, May 5. The shares were sold at an average price of $80.16, for a total value of $297,072.96. Following the transaction, the administrator now directly owns 14,402 shares of the company, valued at $1,154,464.32. The transaction was disclosed in an SEC filing, which is available via this link. Additionally, 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 transaction of $208,367.52. Following completion of the transaction, the administrator now owns 112,627 shares of the company, valued at $9,138,554.78. Disclosure of this sale can be found here. 41.15% of the shares are currently held by insiders.
Several hedge funds and other institutional investors have recently changed their positions in the company. O Shares Investment Advisers LLC increased its stake in shares of 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 in the last quarter. US Bancorp DE increased its stake in shares of Columbia Sportswear by 19.8% in the first quarter. US Bancorp DE now owns 823 shares of the textile maker worth $75,000 after buying 136 more shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Columbia Sportswear by 0.5% during 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 in the last quarter. WINTON GROUP Ltd increased its stake in shares of Columbia Sportswear by 0.9% during the first quarter. WINTON GROUP Ltd now owns 21,056 shares in the textile maker worth $1,906,000 after buying an additional 190 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Columbia Sportswear shares by 2.2% during the first quarter. The Louisiana State Employees Retirement System now owns 9,100 shares of the textile maker worth $817,000 after buying 200 more shares in the last quarter. 48.65% of the shares are held by institutional investors.
About Columbia Sportswear (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, the 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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