Zacks: Analysts expect Columbia Sportswear (NASDAQ:COLM) to report earnings of $1.78 per share

Wall Street brokers expect Columbia Sportswear (NASDAQ:COLM) to report earnings per share of $1.78 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have released earnings estimates for Columbia Sportswear. The lowest EPS estimate is $1.70 and the highest is $1.84. Columbia Sportswear posted earnings per share of $1.44 in the same quarter last year, which would indicate a positive growth rate of 23.6% year over year. The company is expected to announce its next earnings report after the market closes on Thursday, February 3.

According to Zacks, analysts expect Columbia Sportswear to report annual earnings of $4.73 per share for the current year, with EPS estimates ranging from $4.65 to $4.80. For the next fiscal year, analysts expect the company to post earnings of $5.34 per share, with EPS estimates ranging from $5.10 to $5.52. Zacks Investment Research’s earnings per share calculations are an average average based on a survey of research analysts who track Columbia Sportswear.

Columbia Sportswear Inc (NASDAQ:COLM) last reported results on Thursday, October 28. The textile maker reported EPS of $1.52 for the quarter, beating Thomson Reuters consensus estimate of $1.31 by $0.21. The company posted revenue of $804.70 million in the quarter, versus analyst estimates of $862.03 million. Columbia Sportswear had a return on equity of 15.74% and a net margin of 10.06%. The company’s quarterly revenue increased by 14.8% compared to the same quarter last year. In the same period a year earlier, the company posted earnings of $0.94 per share.

COLM has been the subject of several analyst reports. Seaport Res Ptn reaffirmed a “neutral” rating on Columbia Sportswear shares in a Tuesday, January 18 research report. Zacks Investment Research downgraded Columbia Sportswear from a “hold” rating to a “sell” rating and set a target price of $104.00 for the company. in a research report on Tuesday, January 4. Robert W. Baird downgraded Columbia Sportswear from an “outperforming” rating to a “neutral” rating and lowered its target price for the stock from $130.00 to $107.00 in a Tuesday, January 4 research report . Bank of America downgraded Columbia Sportswear from a “buy” rating to a “neutral” rating and lowered its share price target from $137.00 to $108.00 in a Tuesday, October 5 research report . Finally, Stifel Nicolaus downgraded Columbia Sportswear from a “buy” rating to a “hold” rating and lowered his price target for the stock from $126.00 to $111.00 in a Thursday, Dec. 16 report. One analyst rated the stock with a sell rating, six gave the stock a hold rating and one gave the stock a buy rating. According to MarketBeat, Columbia Sportswear currently has an average rating of “Hold” and a consensus target price of $112.67.

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COLM stock opened at $89.70 on Wednesday. The stock has a 50-day moving average price of $96.65 and a 200-day moving average price of $99.28. Columbia Sportswear has a 12 month minimum of $85.28 and a 12 month maximum of $114.98. The company has a market capitalization of $5.85 billion, a PE ratio of 20.34, a growth price-earnings ratio of 0.51 and a beta of 0.90.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 2. Shareholders of record on Thursday, November 18 received a dividend of $0.26 per share. This represents an annualized dividend of $1.04 and a dividend yield of 1.16%. The ex-dividend date was Wednesday, November 17. Columbia Sportswear’s dividend payout ratio (DPR) is 23.58%.

In related news, the director Walter Klenz sold 1,192 shares of the company in a transaction dated Friday, November 12. The shares were sold at an average price of $105.97, for a total value of $126,316.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Insiders hold 41.15% of the shares of the company.

A number of hedge funds and other institutional investors have recently changed their holdings in the company. Hillsdale Investment Management Inc. increased its holdings in Columbia Sportswear by 2.3% in the third quarter. Hillsdale Investment Management Inc. now owns 5,320 shares of the textile maker valued at $510,000 after acquiring 120 more shares in the last quarter. The Swiss National Bank increased its holdings in Columbia Sportswear by 0.3% in the third quarter. The Swiss National Bank now owns 73,400 shares of the textile maker valued at $7,035,000 after acquiring 200 more shares in the last quarter. First Manhattan Co. increased its stake in Columbia Sportswear by 304.9% in the third quarter. First Manhattan Co. now owns 332 shares of the textile maker valued at $31,000 after acquiring 250 additional shares in the last quarter. First Republic Investment Management Inc. increased its stake in Columbia Sportswear by 7.5% in the third quarter. First Republic Investment Management Inc. now owns 3,940 shares of the textile maker valued at $378,000 after acquiring 275 additional shares in the last quarter. Finally, the State Board of Administration of Florida Retirement System increased its stake in Columbia Sportswear by 0.9% in the third quarter. The Florida Retirement System State Board of Directors now owns 31,510 shares of the textile maker valued at $3,020,000 after acquiring 280 additional shares in the last quarter. 52.84% of the shares are held by institutional investors.

About Columbia Sportswear

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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