Columbia Sportswear to Post Q1 2018 Earnings of $0.59 Per Share, KeyCorp Forecasts (COLM)

Columbia Sportswear (NASDAQ:COLM) – KeyCorp lifted their Q1 2018 EPS estimates for Columbia Sportswear in a research report issued on Wednesday. KeyCorp analyst E. Yruma now anticipates that the textile maker will earn $0.59 per share for the quarter, up from their previous estimate of $0.58. KeyCorp also issued estimates for Columbia Sportswear’s Q4 2018 earnings at $1.39 EPS and FY2018 earnings at $3.24 EPS.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, February 8th. The textile maker reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.16. Columbia Sportswear had a return on equity of 12.73% and a net margin of 4.26%. The business had revenue of $776.00 million for the quarter, compared to analyst estimates of $762.18 million. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.20 earnings per share.

A number of other equities analysts also recently commented on COLM. Zacks Investment Research upgraded Columbia Sportswear from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Robert W. Baird reiterated a “buy” rating and issued a $68.00 price target on shares of Columbia Sportswear in a research note on Sunday, October 22nd. FBR & Co reiterated a “buy” rating and issued a $68.00 price target on shares of Columbia Sportswear in a research note on Friday, October 27th. Pivotal Research reiterated a “buy” rating and issued a $74.00 price target (up from $72.00) on shares of Columbia Sportswear in a research note on Friday, October 27th. Finally, Stifel Nicolaus lifted their price target on Columbia Sportswear from $60.00 to $62.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. 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’s stock. The company presently has an average rating of “Buy” and a consensus target price of $76.87.

Columbia Sportswear (NASDAQ COLM) opened at $74.70 on Friday. The company has a market capitalization of $5,323.89, a PE ratio of 26.27, a P/E/G ratio of 2.45 and a beta of 0.95. Columbia Sportswear has a 52 week low of $51.56 and a 52 week high of $79.21.

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in shares of Columbia Sportswear by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 1,789,254 shares of the textile maker’s stock valued at $108,662,000 after buying an additional 148,269 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Columbia Sportswear by 14.8% during the third quarter. Victory Capital Management Inc. now owns 1,072,520 shares of the textile maker’s stock valued at $66,046,000 after buying an additional 137,900 shares during the last quarter. BlackRock Inc. raised its holdings in shares of 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 buying an additional 98,264 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Columbia Sportswear by 19.1% during the fourth quarter. Westwood Holdings Group Inc. now owns 490,247 shares of the textile maker’s stock valued at $35,239,000 after buying an additional 78,554 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Columbia Sportswear by 100.6% during the fourth quarter. Deutsche Bank AG now owns 116,724 shares of the textile maker’s stock valued at $8,388,000 after buying an additional 58,538 shares during the last quarter. Institutional investors own 38.32% of the company’s stock.

In other Columbia Sportswear news, Director Edward S. George sold 11,608 shares of Columbia Sportswear stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $76.52, for a total value of $888,244.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Franco Fogliato sold 9,252 shares of Columbia Sportswear stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $72.97, for a total value of $675,118.44. Following the completion of the transaction, the executive vice president now owns 16,806 shares of the company’s stock, valued at $1,226,333.82. The disclosure for this sale can be found here. Insiders own 58.86% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Friday, March 9th will be paid a $0.22 dividend. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Thursday, March 8th. Columbia Sportswear’s payout ratio is presently 51.01%.

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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.

Earnings History and Estimates for Columbia Sportswear (NASDAQ:COLM)

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