Columbia Sportswear (COLM) set to announce quarterly results on Wednesday

Columbia Sportswear (NASDAQ:COLM – Get a rating) will release its quarterly earnings data after the market closes on Wednesday, July 27. Analysts expect the company to report earnings of $0.04 per share for the quarter. Columbia Sportswear set its guidance for FY22 at EPS $5.70-6.00. Parties 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 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. The company posted revenue of $761.50 million in the quarter, compared to $762.88 million expected by analysts. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. The company’s quarterly revenue increased by 21.7% compared to the same quarter last year. During the same period last year, the company achieved EPS of $0.84. 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.

Columbia Sportswear Price Performance

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COLM opened at $75.67 on Wednesday. The company has a 50-day simple moving average of $74.92 and a 200-day simple moving average of $85.04. The stock has a market capitalization of $4.76 billion, a P/E ratio of 13.63, a P/E/G ratio of 1.48 and a beta of 0.91. Columbia Sportswear has a 12 month minimum of $68.29 and a 12 month maximum of $107.50.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 2. Shareholders of record on Thursday, May 19 received a dividend of $0.30. The ex-dividend date was Wednesday, May 18. This represents an annualized dividend of $1.20 and a dividend yield of 1.59%. Columbia Sportswear’s dividend payout ratio is currently 21.62%.

Insider Trading at Columbia Sportswear

In other news, Director Ronald E.Nelson sold 3,706 shares of Columbia Sportswear in a trade on Thursday, May 5. The stock was sold at an average price of $80.16, for a total value of $297,072.96. Following the completion of the sale, the director now owns 14,402 shares of the company, valued at $1,154,464.32. The sale was disclosed in an SEC filing, which is available via the SEC website. In other news, Director Stephen E. Babson sold 2,568 shares of Columbia Sportswear in a trade on Tuesday, May 3. The stock was sold at an average price of $81.14, for a total value of $208,367.52. Following the completion of the sale, the director now owns 112,627 shares of the company, valued at $9,138,554.78. The sale was disclosed in an SEC filing, which is available via the SEC website. Additionally, manager Ronald E. Nelson sold 3,706 shares of Columbia Sportswear in a trade on Thursday, May 5. The shares were sold at an average price of $80.16, for a total value of $297,072.96. Following the completion of the sale, the director now directly owns 14,402 shares of the company, valued at approximately $1,154,464.32. Disclosure of this sale can be found here. Insiders hold 42.37% of the company’s shares.

Institutional investors weigh in on Columbia Sportswear

A number of institutional investors have recently increased or reduced their stake in the company. US Bancorp DE increased its position in Columbia Sportswear by 19.8% during the first quarter. US Bancorp DE now owns 823 shares of the textile maker valued at $75,000 after acquiring 136 additional shares during the period. PNC Financial Services Group Inc. increased its position in Columbia Sportswear by 14.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,112 shares of the textile maker valued at $192,000 after acquiring 264 additional shares during the period. Yousif Capital Management LLC increased its position in Columbia Sportswear by 1.9% during the first quarter. Yousif Capital Management LLC now owns 18,561 shares of the textile maker valued at $1,680,000 after acquiring 353 additional shares during the period. Lazard Asset Management LLC purchased a new stake in Columbia Sportswear during the first quarter worth approximately $45,000. Finally, Graham Capital Management LP increased its position in Columbia Sportswear by 30.0% during the first quarter. Graham Capital Management LP now owns 2,680 shares of the textile maker valued at $242,000 after acquiring an additional 619 shares during the period. Hedge funds and other institutional investors own 48.65% of the company’s shares.

Changes to analyst ratings

COLM has been the subject of several research reports. Bank of America downgraded Columbia Sportswear from a “neutral” to an “underperforming” rating and cut its price target for the stock from $108.00 to $80.00 in a Friday 29 report. april. Cowen reduced his price target on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 report. TheStreet upgraded Columbia Sportswear from a “b” to a “c+” rating in a Thursday, April 28 report. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a Wednesday, July 6, report. Finally, Cowen reduced its price target on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 report. One investment analyst has assigned the stock a sell rating, four have issued a hold rating and four have assigned the company a buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $103.43.

Columbia Sportswear Company Profile

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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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Revenue History for Columbia Sportswear (NASDAQ:COLM)

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