Equity research analysts predict that Columbia Sportswear (NASDAQ:COLM – Get a rating) will report earnings per share (EPS) of $0.05 for the current fiscal quarter, Zacks Investment Research reports. Three analysts provided earnings estimates for Columbia Sportswear. The lowest EPS estimate is $0.00 and the highest is $0.10. Columbia Sportswear posted earnings per share of $0.61 in the same quarter last year, suggesting a negative 91.8% year-over-year growth rate. The company is expected to release its next results on Monday, January 1.
According to Zacks, analysts expect Columbia Sportswear to report annual earnings of $5.85 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 $6.43 per share, with EPS estimates ranging from $6.00 to $6.63. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts who provide coverage for Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM – Get a rating) last announced its results on Thursday, April 28. The textile maker reported earnings per share of $1.03 for the quarter, beating the consensus estimate of $0.85 by $0.18. 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 in the quarter, versus a consensus estimate of $762.88 million. In the same quarter a year earlier, the company posted EPS of $0.84. The company’s revenue for the quarter increased 21.7% year over year.
COLM has been the subject of several analyst reports. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Friday, April 29. Seaport Res Ptn moved shares of Columbia Sportswear from a “neutral” rating to a “buy” rating in a Friday, January 28 research note. Bank of America downgraded Columbia Sportswear shares from a ‘neutral’ to an ‘underperforming’ rating and lowered its price target for the company from $108.00 to $80.00 in a research note Friday, April 29. TheStreet downgraded shares of Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 research note. To finish, Zacks Investment Research downgraded Columbia Sportswear from a “buy” rating to a “hold” rating and set a target price of $92.00 for the company. in a report on Tuesday, April 12. One 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 company currently has a consensus rating of “Hold” and a consensus price target of $104.57.
In related news, director Ronald E. Nelson sold 3,706 shares of the company in a trade that took place on Thursday, May 5. The stock was sold at an average price of $80.16, for a total transaction of $297,072.96. Following the sale, the director now directly owns 14,402 shares of the company, valued at approximately $1,154,464.32. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, director Stephen E. Babson sold 2,568 shares of the company in a trade that took place on Tuesday, May 3. The shares were sold at an average price of $81.14, for a total value of $208,367.52. Following the sale, the administrator now directly owns 112,627 shares of the company, valued at $9,138,554.78. Disclosure of this sale can be found here. Company insiders own 41.15% of the company’s shares.
Hedge funds and other institutional investors have recently changed their stakes in the company. First Manhattan Co. increased its position in Columbia Sportswear by 304.9% in the third quarter. First Manhattan Co. now owns 332 shares of the textile maker worth $31,000 after buying an additional 250 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Columbia Sportswear in the first quarter worth $31,000. Bedel Financial Consulting Inc. increased its position in Columbia Sportswear by 300.0% in the fourth quarter. Bedel Financial Consulting Inc. now owns 400 shares of the textile maker worth $39,000 after buying an additional 300 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Columbia Sportswear in the fourth quarter valued at $43,000. Finally, Nisa Investment Advisors LLC acquired a new stake in Columbia Sportswear in the first quarter worth $195,000. 48.65% of the shares are currently held by hedge funds and other institutional investors.
COLM share traded at $3.44 during Friday’s trading, reaching $76.31. The stock recorded a trading volume of 798,655 shares, compared to an average volume of 382,123 shares. The company’s 50-day moving average price is $88.49 and its two-hundred-day moving average price is $94.29. Columbia Sportswear has a 1-year low of $76.01 and a 1-year high of $109.40. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 13.75, a growth price-to-earnings ratio of 1.61 and a beta of 0.90.
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. This represents an annualized dividend of $1.20 and a dividend yield of 1.57%. The ex-dividend date is Wednesday, May 18. Columbia Sportswear’s dividend payout ratio (DPR) is currently 21.62%.
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, 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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