Columbia Sportswear (NASDAQ:COLM – Get a rating) will announce its results after the market closes on Thursday, April 28. Analysts expect the company to report earnings of $0.86 per share for the quarter. Columbia Sportswear set its guidance for FY22 at $5.50-5.80 EPS. Investors interested in participating in the company’s conference call can do so using this link.
Columbia Sportswear (NASDAQ:COLM – Get a rating) last released its quarterly earnings data on Thursday, February 3. The textile maker reported EPS of $2.39 for the quarter, beating Thomson Reuters 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 for the quarter, versus a consensus estimate of $1.06 billion. In the same quarter a year earlier, the company had earned earnings per share of $1.44. On average, analysts expect Columbia Sportswear to post EPS of $6 for the current fiscal year and EPS of $6 for the next fiscal year.
Shares of NASDAQ:COLM opened at $89.78 on Thursday. The stock’s 50-day moving average is $91.16 and its 200-day moving average is $95.29. The company has a market capitalization of $5.79 billion, a PE ratio of 16.75, a P/E/G ratio of 1.71 and a beta of 0.90. Columbia Sportswear has a 1-year low of $83.61 and a 1-year high of $114.98.
The company also recently declared a quarterly dividend, which was paid on Monday, March 21. Shareholders of record on Friday, March 11 received a dividend of $0.30. This is a boost from Columbia Sportswear‘s previous quarterly dividend of $0.26. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Thursday, March 10. Columbia Sportswear’s payout ratio is currently 22.39%.
Hedge funds have recently changed their holdings in the company. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Columbia Sportswear during the 4th quarter for a value of approximately $275,000. Lombard Odier Asset Management USA Corp acquired a new equity stake in Columbia Sportswear in Q4 valued at $283,000. LPL Financial LLC increased its holdings of Columbia Sportswear shares by 12.8% in the fourth quarter. LPL Financial LLC now owns 6,010 shares of the textile maker valued at $588,000 after buying an additional 680 shares last quarter. Metropolitan Life Insurance Co NY increased its holdings of Columbia Sportswear shares by 9.2% in Q4. Metropolitan Life Insurance Co NY now owns 6,389 shares of the textile maker valued at $623,000 after buying an additional 536 shares last quarter. Finally, Sei Investments Co. increased its equity stake in Columbia Sportswear by 27.7% in the fourth quarter. Sei Investments Co. now owns 17,744 shares of the textile maker valued at $1,733,000 after buying 3,845 additional shares last quarter. Hedge funds and other institutional investors hold 53.95% of the company’s shares.
Several research companies have recently published reports on COLM. CL King has raised Columbia Sportswear to a “buy” rating and set a price target of $117.00 on the stock in a Friday, Feb. 4 research report. StockNews.com launched a hedge on Columbia Sportswear shares in a Thursday, March 31 report. They issued a “buy” rating for the company. 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 report. Wolfe Research downgraded shares of Columbia Sportswear to a “neutral” rating in a report on Tuesday, January 4. To finish, Zacks Investment Research downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating and set a price target of $92.00 for the company. in a report on Tuesday, April 12. Six investment analysts gave the stock a hold rating and four gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $109.57.
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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