Wall Street brokerages expect that Columbia Sportswear (NASDAQ:COLM) will report earnings per share (EPS) of $0.58 for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Columbia Sportswear’s earnings. The lowest EPS estimate is $0.52 and the highest is $0.61. Columbia Sportswear reported earnings per share of $0.51 during the same quarter last year, which suggests a positive year over year growth rate of 13.7%. The business is expected to issue its next earnings report on Thursday, April 26th.
On average, analysts expect that Columbia Sportswear will report full-year earnings of $3.25 per share for the current year, with EPS estimates ranging from $3.21 to $3.30. For the next year, analysts anticipate that the business will post earnings of $3.58 per share, with EPS estimates ranging from $3.50 to $3.75. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, February 8th. The textile maker reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.16. The company had revenue of $776.00 million during the quarter, compared to analyst estimates of $762.18 million. Columbia Sportswear had a return on equity of 12.65% and a net margin of 4.26%. Columbia Sportswear’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 earnings per share.
A number of research firms recently weighed in on COLM. Zacks Investment Research downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Pivotal Research restated a “buy” rating and issued a $85.00 target price (up previously from $74.00) on shares of Columbia Sportswear in a research report on Wednesday, February 7th. Canaccord Genuity set a $70.00 target price on Columbia Sportswear and gave the stock a “hold” rating in a research report on Thursday, February 8th. B. Riley boosted their target price on Columbia Sportswear from $76.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, Stifel Nicolaus set a $74.00 target price on Columbia Sportswear and gave the stock a “hold” rating in a research report on Friday, December 15th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Columbia Sportswear has an average rating of “Buy” and a consensus price target of $76.87.
In other Columbia Sportswear news, CAO Peter J. Bragdon sold 3,969 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $78.50, for a total value of $311,566.50. Following the completion of the sale, the chief accounting officer now owns 21,816 shares in the company, valued at $1,712,556. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Thomas B. Cusick sold 23,120 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $78.49, for a total value of $1,814,688.80. Following the completion of the sale, the chief operating officer now owns 42,788 shares of the company’s stock, valued at approximately $3,358,430.12. The disclosure for this sale can be found here. Insiders sold 87,495 shares of company stock valued at $6,716,761 in the last quarter. Corporate insiders own 58.86% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC increased its stake in shares of Columbia Sportswear by 1,788.8% during the fourth quarter. Advisory Services Network LLC now owns 2,021 shares of the textile maker’s stock valued at $145,000 after buying an additional 1,914 shares during the period. Martingale Asset Management L P purchased a new position in shares of Columbia Sportswear during the fourth quarter valued at approximately $202,000. Xact Kapitalforvaltning AB purchased a new position in shares of Columbia Sportswear during the fourth quarter valued at approximately $213,000. Invictus RG purchased a new position in shares of Columbia Sportswear during the third quarter valued at approximately $207,000. Finally, Sawgrass Asset Management LLC purchased a new position in shares of Columbia Sportswear during the fourth quarter valued at approximately $248,000. Hedge funds and other institutional investors own 38.94% of the company’s stock.
COLM stock traded down $0.77 during trading hours on Monday, reaching $77.16. The company had a trading volume of 243,256 shares, compared to its average volume of 251,607. The company has a market cap of $5,456.42, a P/E ratio of 51.79, a price-to-earnings-growth ratio of 2.50 and a beta of 0.91. Columbia Sportswear has a one year low of $51.56 and a one year high of $79.38.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Friday, March 9th will be given a $0.22 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.88 annualized dividend and a yield of 1.14%. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.19. Columbia Sportswear’s payout ratio is presently 59.06%.
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Columbia Sportswear Company Profile
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.
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