Columbia Sportswear (NASDAQ:COLM) Expected to Post Earnings of $1.54 Per Share

Equities analysts expect that Columbia Sportswear (NASDAQ:COLM) will announce earnings of $1.54 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Columbia Sportswear’s earnings. The lowest EPS estimate is $1.52 and the highest is $1.57. Columbia Sportswear reported earnings per share of $1.41 in the same quarter last year, which indicates a positive year-over-year growth rate of 9.2%. The business is scheduled to announce its next earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Columbia Sportswear will report full year earnings of $4.72 per share for the current year, with EPS estimates ranging from $4.64 to $4.80. For the next fiscal year, analysts anticipate that the business will post earnings of $5.20 per share, with EPS estimates ranging from $5.09 to $5.32. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Columbia Sportswear.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.23 EPS for the quarter, beating the consensus estimate of $0.01 by $0.22. The business had revenue of $526.21 million for the quarter, compared to analysts’ expectations of $507.16 million. Columbia Sportswear had a net margin of 10.73% and a return on equity of 18.14%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS.

Several research firms have recently weighed in on COLM. Bank of America upgraded shares of Columbia Sportswear from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $112.00 to $130.00 in a research note on Tuesday, July 23rd. B. Riley set a $109.00 price objective on shares of Columbia Sportswear and gave the stock a “hold” rating in a research note on Friday, July 26th. Pivotal Research restated a “buy” rating and set a $125.00 price objective (up from $120.00) on shares of Columbia Sportswear in a research note on Friday, July 26th. Wedbush boosted their price objective on shares of Columbia Sportswear from $118.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus set a $129.00 price objective on shares of Columbia Sportswear and gave the stock a “buy” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $118.00.

In other Columbia Sportswear news, CAO Peter J. Bragdon sold 10,838 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $107.40, for a total value of $1,164,001.20. Following the completion of the transaction, the chief accounting officer now directly owns 27,733 shares in the company, valued at approximately $2,978,524.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Douglas H. Morse sold 2,620 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $105.00, for a total transaction of $275,100.00. Following the completion of the transaction, the senior vice president now owns 3,553 shares of the company’s stock, valued at $373,065. The disclosure for this sale can be found here. In the last three months, insiders sold 78,938 shares of company stock valued at $8,461,381. 56.57% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in COLM. Atlanta Capital Management Co. L L C increased its position in Columbia Sportswear by 14.2% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 2,971,514 shares of the textile maker’s stock valued at $297,627,000 after acquiring an additional 369,222 shares during the period. Allianz Asset Management GmbH increased its position in shares of Columbia Sportswear by 221.8% during the second quarter. Allianz Asset Management GmbH now owns 430,356 shares of the textile maker’s stock worth $43,104,000 after buying an additional 296,619 shares during the period. Handelsbanken Fonder AB increased its position in shares of Columbia Sportswear by 308.6% during the second quarter. Handelsbanken Fonder AB now owns 364,100 shares of the textile maker’s stock worth $36,468,000 after buying an additional 275,000 shares during the period. South Texas Money Management Ltd. acquired a new stake in shares of Columbia Sportswear during the second quarter worth $18,265,000. Finally, Marshall Wace North America L.P. increased its position in shares of Columbia Sportswear by 726.8% during the first quarter. Marshall Wace North America L.P. now owns 186,536 shares of the textile maker’s stock worth $19,433,000 after buying an additional 163,975 shares during the period. Hedge funds and other institutional investors own 38.67% of the company’s stock.

COLM stock traded up $0.92 during midday trading on Friday, hitting $93.02. The company’s stock had a trading volume of 220,000 shares, compared to its average volume of 343,360. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.88 and a quick ratio of 1.57. Columbia Sportswear has a twelve month low of $80.03 and a twelve month high of $109.74. The company’s fifty day moving average price is $101.48 and its 200 day moving average price is $100.73. The stock has a market capitalization of $6.22 billion, a P/E ratio of 23.20, a PEG ratio of 1.76 and a beta of 0.67.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.03%. The ex-dividend date is Wednesday, August 14th. Columbia Sportswear’s payout ratio is 23.94%.

About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East and Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.

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