Wall Street analysts expect Columbia Sportswear (NASDAQ: COLM) to post sales of $ 867.95 million for the current quarter, according to Zacks investment research. Two analysts provided earnings estimates for Columbia Sportswear, with the highest sales estimate at $ 880.00 million and the lower estimate at $ 855.90 million. Columbia Sportswear posted sales of $ 701.09 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.8%. The company is expected to release its next earnings report on Thursday, November 4.
According to Zacks, analysts expect Columbia Sportswear to report annual sales of $ 3.17 billion for the current fiscal year, with estimates ranging from $ 3.16 billion to $ 3.19 billion. For next year, analysts predict the company will post revenue of $ 3.49 billion, with estimates ranging from $ 3.42 billion to $ 3.55 billion. Zacks Investment Research sales averages are an average based on a survey of seller-side research analysts who track Columbia Sportswear.
Columbia Sportswear (NASDAQ: COLM) last released its quarterly results on Sunday, August 1. The textile maker reported earnings of $ 0.61 per share for the quarter, beating Thomson Reuters consensus estimate of ($ 0.08) by $ 0.69. Columbia Sportswear reported a return on equity of 14.00% and a net margin of 9.08%. The company posted revenue of $ 566.37 million for the quarter, compared to a consensus estimate of $ 503.02 million. In the same quarter of the previous year, the company made EPS ($ 0.77). Columbia Sportswear revenue increased 78.9% year-over-year.
Several analysts recently commented on the company. Robert W. Baird raised his price target on Columbia Sportswear from $ 120.00 to $ 130.00 and gave the company an “outperformance” rating in a report released Thursday, June 10. Zacks investment research reduced Columbia Sportswear from a “buy” rating to a “keep” rating and set a price target of $ 106.00 for the company. in a report on Tuesday July 6. Pivotal Research reaffirmed a “hold” rating and set a price target of $ 116.00 on Columbia Sportswear shares in a report released on Wednesday, July 28. Finally, TheStreet downgraded Columbia Sportswear from a “c +” rating to a “b-” rating in a report released on Wednesday, June 16. Four equity research analysts rated the stock with a conservation rating and four gave the company’s stock a buy rating. According to MarketBeat.com, the company currently has an average “Buy” rating and an average target price of $ 115.14.
NASDAQ: COLM opened at $ 95.84 on Friday. The stock’s 50-day moving average price is $ 101.24, and its 200-day moving average price is $ 103.15. The company has a market cap of $ 6.32 billion, a PE ratio of 25.02, a P / E / G ratio of 0.66, and a beta of 0.87. Columbia Sportswear has a 52-week low of $ 73.11 and a 52-week high of $ 114.98.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 26. Investors of record on Thursday, August 12, received a dividend of $ 0.26. This represents a dividend of $ 1.04 on an annualized basis and a return of 1.09%. The ex-dividend date of this dividend was Wednesday August 11. Columbia Sportswear’s payout rate is currently 64.20%.
In other Columbia Sportswear news, EVP Lisa Kulok sold 525 shares of the company in a transaction dated Tuesday, August 31. The stock was sold for an average price of $ 103.13, for a total trade of $ 54,143.25. The sale was disclosed in a legal file with the SEC, which is available at this link. Insiders own 40.33% of the company’s shares.
Large investors have recently increased or reduced their holdings in the stock. Eaton Vance Management purchased a new stake in Columbia Sportswear in the first quarter valued at approximately $ 25,000. First Horizon Advisors Inc. increased its stake in Columbia Sportswear by 187.0% in the first quarter. First Horizon Advisors Inc. now owns 554 shares of the textile maker valued at $ 58,000 after buying 361 more shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in Columbia Sportswear shares by 53.2% during the second quarter. FinTrust Capital Advisors LLC now owns 950 shares of the textile maker valued at $ 93,000 after purchasing an additional 330 shares in the last quarter. Panagora Asset Management Inc. increased its holdings of Columbia Sportswear stocks by 2,146.2% in the first quarter. Panagora Asset Management Inc. now owns 1,168 shares of the textile maker valued at $ 123,000 after purchasing an additional 1,116 shares in the last quarter. Finally, Profund Advisors LLC purchased a new position in Columbia Sportswear stocks during the first quarter for a value of approximately $ 202,000. Institutional investors and hedge funds hold 46.64% of the company’s shares.
Columbia Sportswear Company Profile
Columbia Sportswear Co is engaged in the design, supply, marketing and distribution of outdoor and active lifestyle apparel, footwear, accessories and equipment. It operates through the following geographic segments: the United States; Latin America and Asia-Pacific; Europe, Middle East and Africa; and Canadian.
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