Columbia Sportswear (NASDAQ:COLM) is expected to post earnings of $1.67 per share in the third quarter of 2022


Columbia Sportswear (NASDAQ:COLMGet a rating) – Seaport Res Ptn research analysts cut their third-quarter 2022 earnings per share (EPS) estimates for Columbia Sportswear shares in a research report released Thursday, July 28. Seaport Res Ptn analyst Mr Kummetz now expects the textile maker to post earnings of $1.67 per share for the quarter, down from its previous forecast of $2.28. The consensus estimate for Columbia Sportswear’s current annual earnings is $5.83 per share. Seaport Res Ptn also released estimates for Columbia Sportswear’s fiscal year 2022 earnings at $5.20 EPS, fiscal year 2023 earnings at $6.48 EPS and fiscal year 2024 earnings at $7. EPS $04.

Columbia Sportswear (NASDAQ:COLMGet a rating) last reported results on Wednesday, July 27. The textile maker reported EPS of $0.11 for the quarter, beating the consensus estimate of $0.04 by $0.07. The company posted revenue of $578.06 million for the quarter, versus $592.35 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 2.1% from the same quarter last year. In the same quarter a year earlier, the company posted EPS of $0.61.

Other research analysts have also published research reports on the company. Cowen lowered his price target on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research report. TheStreet lowered Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 report. Robert W. Baird lowered his target price on Columbia Sportswear from $85.00 to $82.00 and set a “neutral” rating on the stock in a report Thursday. Cowen lowered his target price on Columbia Sportswear to $95.00 in a Monday, July 25 report. Finally, UBS Group lowered its price target on Columbia Sportswear from $83.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday. One research analyst rated the stock with a sell rating, four gave the stock a hold rating, and four gave the stock a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $89.38.

Columbia Sportswear Inventory Performance

NASDAQ COLM opened at $74.01 on Monday. The stock has a market capitalization of $4.65 billion, a price/earnings ratio of 13.34, a PEG ratio of 1.47 and a beta of 0.91. The stock’s 50-day moving average price is $74.59 and its two-hundred-day moving average price is $83.88. Columbia Sportswear has a 52-week low of $68.29 and a 52-week high of $107.50.

Hedge funds weigh on Columbia Sportswear

A number of hedge funds have recently bought and sold shares of the company. The New York State Teachers Retirement System increased its stake in Columbia Sportswear by 251.4% in the fourth quarter. The New York State Teachers’ Retirement System now owns 7,945 shares of the textile maker valued at $774,000 after acquiring an additional 5,684 shares during the period. NN Investment Partners Holdings NV purchased a new stake in Columbia Sportswear in Q4, valued at approximately $1,404,000. Allspring Global Investments Holdings LLC purchased a new stake in Columbia Sportswear in Q4, valued at approximately $43,000. New Jersey State Joint Pension Fund D increased its stake in Columbia Sportswear by 2.8% in the 4th quarter. New Jersey State Joint Pension Fund D now owns 27,197 shares of the textile maker valued at $2,650,000 after acquiring an additional 752 shares during the period. Finally, Illinois Municipal Retirement Fund increased its stake in Columbia Sportswear by 33.7% in the 4th quarter. The Illinois Municipal Retirement Fund now owns 14,174 shares of the textile maker valued at $1,381,000 after acquiring 3,575 additional shares during the period. 48.65% of the shares are held by hedge funds and other institutional investors.

Insiders place their bets

In other news, Director 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 administrator now owns 14,402 shares of the company, valued at approximately $1,154,464.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. In other Columbia Sportswear news, Director Ronald E. Nelson sold 3,706 shares of the company in a trade Thursday, May 5. The shares were sold at an average price of $80.16, for a total transaction of $297,072.96. Following the completion of the sale, the administrator now 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 the SEC website. Also, director Stephen E. Babson sold 2,568 shares of the company in a trade on Tuesday, May 3. The shares were sold at an average price of $81.14, for a total transaction of $208,367.52. Following the sale, the director now owns 112,627 shares of the company, valued at approximately $9,138,554.78. Disclosure of this sale can be found here. Insiders of the company own 42.37% of the shares of the company.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 31. Investors of record on Wednesday August 17 will receive a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 16. This represents an annualized dividend of $1.20 and a yield of 1.62%. Columbia Sportswear’s dividend payout ratio is currently 21.62%.

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.

Further reading

Earnings history and estimates for Columbia Sportswear (NASDAQ:COLM)



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