Columbia Sportswear (NASDAQ:COLM) – Analysts at DA Davidson boosted their Q1 2018 EPS estimates for shares of Columbia Sportswear in a research note issued on Friday. DA Davidson analyst A. Burns now expects that the textile maker will post earnings per share of $0.61 for the quarter, up from their previous estimate of $0.60. DA Davidson has a “Buy” rating and a $77.00 price objective on the stock. DA Davidson also issued estimates for Columbia Sportswear’s Q3 2018 earnings at $1.38 EPS, Q4 2018 earnings at $1.36 EPS, FY2018 earnings at $3.24 EPS and FY2019 earnings at $3.64 EPS.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, February 8th. The textile maker reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.16. The company had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $762.18 million. Columbia Sportswear had a net margin of 4.26% and a return on equity of 12.73%. Columbia Sportswear’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 earnings per share.
Several other research analysts have also recently weighed in on the stock. Robert W. Baird upped their price objective on shares of Columbia Sportswear from $84.00 to $87.00 and gave the stock an “outperform” rating in a research report on Friday. Buckingham Research upped their price objective on shares of Columbia Sportswear from $67.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday. Canaccord Genuity set a $70.00 price objective on shares of Columbia Sportswear and gave the stock a “hold” rating in a research report on Thursday. Citigroup upped their price objective on shares of Columbia Sportswear from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday. Finally, B. Riley upped their price objective on shares of Columbia Sportswear from $76.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $75.80.
Columbia Sportswear (COLM) opened at $76.70 on Monday. The firm has a market cap of $5,359.49, a P/E ratio of 51.48, a P/E/G ratio of 2.54 and a beta of 0.95. Columbia Sportswear has a 52-week low of $51.56 and a 52-week high of $79.21.
A number of hedge funds and other institutional investors have recently modified their holdings of COLM. Nationwide Fund Advisors grew its position in Columbia Sportswear by 3.7% during the second quarter. Nationwide Fund Advisors now owns 16,454 shares of the textile maker’s stock valued at $955,000 after acquiring an additional 591 shares during the last quarter. BlackRock Inc. grew its position in Columbia Sportswear by 6.0% during the second quarter. BlackRock Inc. now owns 1,733,820 shares of the textile maker’s stock valued at $100,665,000 after acquiring an additional 98,264 shares during the last quarter. Amalgamated Bank bought a new position in Columbia Sportswear during the second quarter valued at approximately $214,000. UBS Asset Management Americas Inc. grew its position in Columbia Sportswear by 31.9% during the second quarter. UBS Asset Management Americas Inc. now owns 16,049 shares of the textile maker’s stock valued at $932,000 after acquiring an additional 3,877 shares during the last quarter. Finally, Citigroup Inc. grew its position in Columbia Sportswear by 8.5% during the second quarter. Citigroup Inc. now owns 8,253 shares of the textile maker’s stock valued at $479,000 after acquiring an additional 644 shares during the last quarter. Institutional investors and hedge funds own 38.91% of the company’s stock.
In other Columbia Sportswear news, Director Walter Klenz sold 11,608 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $66.05, for a total transaction of $766,708.40. Following the transaction, the director now directly owns 21,619 shares in the company, valued at $1,427,934.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 58.86% of the stock is owned by company insiders.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Friday, March 9th will be given a dividend of $0.22 per share. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Thursday, March 8th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 51.01%.
About Columbia Sportswear
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
Receive News & Ratings for Columbia Sportswear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Sportswear and related companies with MarketBeat.com's FREE daily email newsletter.