Columbia Sportswear (NASDAQ:COLM) Releases Fiscal 22 Revenue Forecast

Columbia Sportswear (NASDAQ:COLM – Get a rating) released an update to its FY22 earnings forecast Thursday morning. The company provided EPS guidance of $5.00-5.40 for the period, compared to the consensus EPS estimate of $5.16. The company released a revenue forecast of $3.44 to $3.50, compared to the consensus revenue estimate of $3.47 billion.

Columbia Sportswear is trading down 1.2%

COLM opened at $70.04 on Thursday. The company has a market capitalization of $4.40 billion, a P/E ratio of 13.87, a P/E/G ratio of 1.69 and a beta of 0.88. Columbia Sportswear has a 12 month minimum of $68.29 and a 12 month maximum of $107.50. The stock has a 50-day moving average of $73.89 and a 200-day moving average of $78.84.

Columbia Sportswear (NASDAQ:COLM – Get a rating) last released its quarterly 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 in the quarter, versus analyst estimates of $592.35 million. Columbia Sportswear had a return on equity of 17.87% and a net margin of 10.13%. The company’s revenue increased 2.1% year over year. In the same quarter last year, the company posted earnings per share of $0.61. On average, research analysts expect Columbia Sportswear to post earnings per share of 5.18 for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31. Shareholders of record on Wednesday August 17 received a dividend of $0.30. This represents an annualized dividend of $1.20 and a yield of 1.71%. The ex-dividend date was Tuesday, August 16. Columbia Sportswear’s payout ratio is currently 23.76%.

A Wall Street analyst gives his opinion

Several analysts have published reports on COLM shares. Citigroup lowered its price target on shares of Columbia Sportswear from $98.00 to $80.00 in a Thursday, July 28 research note. StockNews.com downgraded shares of Columbia Sportswear from a buy rating to a hold rating in a Friday, Aug. 5 research rating. Stifel Nicolaus cut his price target on Columbia Sportswear shares from $100.00 to $81.00 in a Wednesday, July 20 research note. UBS Group cut its price target on Columbia Sportswear shares from $83.00 to $80.00 and set a neutral rating for the company in a Thursday, July 28 research note. Finally, Cowen reduced his price target on shares of Columbia Sportswear to $95.00 in a Monday, July 25 research note. One financial analyst has assigned the stock a sell rating, five have issued a hold rating and three have assigned the stock a buy rating. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $89.38.

Insider buying and selling

In other Columbia Sportswear news, Chief Financial Officer Jim A. Swanson acquired 500 shares of Columbia Sportswear in a transaction that took place on Monday, August 29. The stock was purchased at an average price of $72.99 per share, with a total value of $36,495.00. Following the completion of the purchase, the CFO now directly owns 5,197 shares of the company, valued at approximately $379,329.03. The purchase was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. 42.37% of the shares are currently held by insiders.

Hedge funds weigh on Columbia Sportswear

Major investors have recently been buying and selling shares of the company. BlackRock Inc. increased its holdings in Columbia Sportswear by 0.9% in the first quarter. BlackRock Inc. now owns 2,948,229 shares of the textile maker worth $266,903,000 after buying an additional 25,416 shares in the last quarter. State Street Corp increased its stake in Columbia Sportswear by 5.5% in the first quarter. State Street Corp now owns 981,366 shares of the textile maker worth $88,843,000 after buying an additional 50,938 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Columbia Sportswear by 52.9% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 730,724 shares of the textile maker worth $66,152,000 after buying an additional 252,733 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Columbia Sportswear by 5.3% in the first quarter. Dimensional Fund Advisors LP now owns 706,770 shares of the textile maker worth $63,994,000 after buying an additional 35,690 shares in the last quarter. Finally, Robeco Schweiz AG increased its stake in Columbia Sportswear by 1.7% in the first quarter. Robeco Schweiz AG now owns 411,286 shares of the textile maker worth $37,234,000 after buying an additional 6,795 shares in the last quarter. Institutional investors hold 48.56% of the company’s shares.

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

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