Analysts expect Columbia Sportswear (NASDAQ:COLM – Get a rating) to report earnings of $0.05 per share for the current quarter, Zacks reports. Three analysts have released earnings estimates for Columbia Sportswear, with the highest EPS estimate of $0.10 and the lowest estimate of $0.00. Columbia Sportswear reported earnings per share of $0.61 in the same quarter last year, suggesting a negative year-over-year growth rate of 91.8%. The company is expected to release its next results on Monday, January 1.
On average, analysts expect Columbia Sportswear to report annual earnings of $5.85 per share for the current 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 EPS averages are an average average based on a survey of analysts who track 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. The company posted revenue of $761.50 million in the quarter, compared to analyst estimates of $762.88 million. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. Columbia Sportswear revenue increased 21.7% compared to the same quarter last year. In the same quarter last year, the company posted earnings per share of $0.84.
Several research companies have recently commented on COLM. Robert W. Baird reduced his target price on Columbia Sportswear from $110.00 to $100.00 in a Friday, April 29 research note. CL King has raised Columbia Sportswear to a “buy” rating and set a target price of $117.00 on the stock in a Friday, Feb. 4 research report. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a Friday, April 29 research report. Bank of America downgraded Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its price target for the company from $108.00 to $80.00 in a Friday, April 29 report. Finally, Seaport Res Ptn upgraded Columbia Sportswear from a “neutral” rating to a “buy” rating in a Friday, January 28 research note. One financial analyst has assigned the stock a sell rating, six have issued a hold rating and three have assigned the stock a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $104.57.
Shares of NASDAQ COLM traded at $3.44 at midday Friday, hitting $76.31. The company’s stock had a trading volume of 798,655 shares, compared to an average trading volume of 382,123 shares. The company 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’s fifty-day simple moving average is $88.49 and its two-hundred-day simple moving average is $94.29. Columbia Sportswear has a 1-year low of $76.01 and a 1-year high of $109.40.
The company also recently declared 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 a dividend of $1.20 on an annualized basis 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%.
Separately, director Ronald E. Nelson sold 3,706 shares of the company in a transaction that took place on Thursday, May 5. The stock was sold at an average price of $80.16, for a total value of $297,072.96. As a result of the transaction, the administrator now directly owns 14,402 shares of the company, valued at approximately $1,154,464.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, manager Stephen E. Babson sold 2,568 shares of Columbia Sportswear in a trade that took place on Tuesday, May 3. The stock was sold at an average price of $81.14, for a total value of $208,367.52. Following completion of the transaction, 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. 41.15% of the shares are held by insiders of the company.
A number of hedge funds and other institutional investors have recently changed their holdings in COLM. First Manhattan Co. increased its holdings of Columbia Sportswear stock 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 last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Columbia Sportswear during Q1 worth approximately $31,000. Bedel Financial Consulting Inc. increased its stake in Columbia Sportswear by 300.0% during the 4th 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 acquired a new position in Columbia Sportswear in the fourth quarter worth approximately $43,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Columbia Sportswear during the first quarter worth approximately $195,000. 48.65% of the shares are currently 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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