Analysts Expect Columbia Sportswear (NASDAQ:COLM) to Post EPS of $0.86


Analysts predict that Columbia Sportswear (NASDAQ:COLMGet a rating) will report earnings per share (EPS) of $0.86 for the current quarter, Zacks reports. Three analysts released earnings estimates for Columbia Sportswear, with the lowest EPS estimate of $0.74 and the highest estimate of $1.01. Columbia Sportswear posted earnings of $0.84 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 2.4%. The company is expected to release its next quarterly earnings report after the market closes on Monday, January 1.

On average, analysts expect Columbia Sportswear to report annual earnings of $5.76 per share for the current year, with EPS estimates ranging from $5.67 to $5.80. For the next fiscal year, analysts expect the company to post earnings of $6.36 per share, with EPS estimates ranging from $6.15 to $6.53. Zacks Investment Research’s earnings per share averages are an average average based on a survey of analysts who cover Columbia Sportswear.

Columbia Sportswear (NASDAQ:COLMGet a rating) last reported quarterly earnings data on Thursday, February 3. The textile maker reported EPS of $2.39 for the quarter, beating the Zacks consensus estimate of $1.78 by $0.61. Columbia Sportswear had a return on equity of 18.64% and a net margin of 11.33%. The company posted revenue of $1.13 billion in the quarter, versus analyst estimates of $1.06 billion. During the same period last year, the company posted EPS of $1.44.

COLM has been the subject of several recent analyst reports. Robert W. Baird downgraded Columbia Sportswear from an ‘outperforming’ rating to a ‘neutral’ rating and lowered its price target for the stock from $130.00 to $107.00 in a Tuesday research report January 4. Wolfe Research downgraded Columbia Sportswear to a “neutral” rating in a report on Tuesday, January 4. Zacks Investment Research downgraded Columbia Sportswear from a “buy” rating to a “hold” rating and set a price target of $92.00 for the stock. in a report on Tuesday, April 12. Seaport Res Ptn upgraded Columbia Sportswear from a “neutral” rating to a “buy” rating in a Friday, January 28 report. To finish, StockNews.com began coverage of Columbia Sportswear in a report on Thursday, March 31. They set a “buy” rating on the stock. Six research analysts gave the stock a hold rating and four gave the stock a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $109.57.

COLM opened at $88.33 on Monday. Columbia Sportswear has a fifty-two week low of $83.61 and a fifty-two week high of $114.98. The company has a 50-day moving average of $91.76 and a 200-day moving average of $95.43. The company has a market capitalization of $5.70 billion, a PE ratio of 16.48, a growth price-earnings ratio of 1.71 and a beta of 0.90.

The company also recently announced a quarterly dividend, which was paid on Monday, March 21. Shareholders of record on Friday, March 11 received a dividend of $0.30. This represents a dividend of $1.20 on an annualized basis and a yield of 1.36%. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, March 10. Columbia Sportswear’s payout ratio is currently 22.39%.

Major investors have recently been buying and selling shares of the company. First Manhattan Co. increased its position in Columbia Sportswear shares by 304.9% during 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. Bedel Financial Consulting Inc. increased its position in Columbia Sportswear by 300.0% during the fourth quarter. Bedel Financial Consulting Inc. now owns 400 shares of the textile maker valued at $39,000 after buying 300 more shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Columbia Sportswear in the fourth quarter worth approximately $43,000. The New York State Teachers’ Retirement System increased its stake in Columbia Sportswear by 653.7% in the third quarter. The New York State Teachers’ Retirement System now owns 2,261 shares of the textile maker valued at $217,000 after purchasing an additional 1,961 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in Columbia Sportswear by 46.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,505 shares of the textile maker valued at $240,000 after buying an additional 800 shares during the period. 53.95% of the shares are held by hedge funds and other 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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