Stock analysts predict Columbia Sportswear Inc (NASDAQ:COLM) will post earnings per share of $0.86 for the current quarter, Zacks reports. Three analysts have made earnings estimates for Columbia Sportswear. The highest EPS estimate is $1.01 and the lowest is $0.74. Columbia Sportswear reported earnings of $0.84 per share in the same quarter last year, indicating a positive growth rate of 2.4% year over year. The company is expected to release its next quarterly results on Thursday, May 5.
According to Zacks, analysts expect Columbia Sportswear to report annual earnings of $5.76 per share for the current fiscal year, with EPS estimates ranging from $5.67 to $5.80. For next year, analysts expect the company to post earnings of $6.36 per share, with EPS estimates ranging from $6.15 to $6.53. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research companies that track Columbia Sportswear.
Columbia Sportswear Inc (NASDAQ:COLM) last released quarterly earnings data on Thursday, February 3. The textile maker reported EPS of $2.39 for the quarter, beating consensus analyst estimates of $1.79 by $0.60. Columbia Sportswear had a net margin of 11.33% and a return on equity of 18.93%. During the same period last year, the company earned earnings per share of $1.44.
Several research companies have commented on COLM. Zacks Investment Research downgraded shares of Columbia Sportswear from a “hold” rating to a “sell” rating and set a price target of $104.00 for the stock. in a research note from Tuesday, January 4. Robert W. Baird downgraded Columbia Sportswear shares from an ‘outperforming’ rating to a ‘neutral’ rating and lowered their price target for the stock from $130.00 to $107.00 in a research note Tuesday, January 4. Wolfe Research downgraded shares of Columbia Sportswear to a “neutral” rating in a research note on Tuesday, January 4. Seaport Res Ptn moved shares of Columbia Sportswear from a “neutral” rating to a “buy” rating in a Friday, January 28 research note. Finally, CL King raised shares of Columbia Sportswear to a “buy” rating and set a target price of $117.00 on the stock in a research note on Friday, February 4. One analyst rated the stock with a sell rating, five gave the company a hold rating and three gave the company a buy rating. According to data from MarketBeat.com, Columbia Sportswear currently has an average rating of “Hold” and an average target price of $111.29.
A number of institutional investors have recently changed their holdings in COLM. JPMorgan Chase & Co. increased its position in Columbia Sportswear by 36.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,374,952 shares of the textile maker valued at $133,975,000 after purchasing an additional 366,034 shares during the period. AQR Capital Management LLC increased its position in Columbia Sportswear by 107.1% during the 2nd quarter. AQR Capital Management LLC now owns 572,238 shares of the textile maker valued at $56,285,000 after purchasing an additional 295,892 shares during the period. American Century Companies Inc. increased its position in Columbia Sportswear by 6,661.8% during the 4th quarter. American Century Companies Inc. now owns 227,806 shares of the textile maker valued at $22,197,000 after purchasing an additional 224,437 shares during the period. Prudential Financial Inc. increased its position in Columbia Sportswear by 907.4% during the second quarter. Prudential Financial Inc. now owns 225,920 shares of the textile maker valued at $22,222,000 after purchasing an additional 203,493 shares during the period. Finally, Invesco Ltd. increased its equity stake in Columbia Sportswear by 17.2% during the second quarter. Invesco Ltd. now owns 1,332,213 shares of the textile maker valued at $131,037,000 after buying an additional 195,058 shares last quarter. 52.84% of the shares are currently held by institutional investors and hedge funds.
Shares of Stock Columbia Sportswear opened at $96.06 on Tuesday. Columbia Sportswear has a 1-year low of $87.03 and a 1-year high of $114.98. The company has a market capitalization of $6.26 billion, a PE ratio of 17.92, a PEG ratio of 0.52 and a beta of 0.90. The company has a 50-day simple moving average of $94.68 and a two-hundred-day simple moving average of $98.75.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 21. Shareholders of record on Friday, March 11 will receive a dividend of $0.30 per share. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.26. This represents a dividend of $1.20 on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, March 10. Columbia Sportswear’s payout ratio is currently 19.40%.
Columbia Sportswear Company Profile
Columbia Sportswear Co engages in the design, supply, marketing and distribution of outdoor and active lifestyle apparel, footwear, accessories and equipment. It operates through the following geographic segments: United States; Latin America and Asia-Pacific; Europe, Middle East and Africa; and Canada.
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