Columbia Sportswear (NASDAQ:COLM) – Equities research analysts at Wedbush issued their Q1 2019 EPS estimates for Columbia Sportswear in a note issued to investors on Friday, February 8th. Wedbush analyst C. Svezia anticipates that the textile maker will post earnings per share of $0.84 for the quarter. Wedbush currently has a “Outperform” rating on the stock. Wedbush also issued estimates for Columbia Sportswear’s Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $1.57 EPS, FY2019 earnings at $4.42 EPS and FY2020 earnings at $4.91 EPS.
COLM has been the subject of several other reports. BidaskClub raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. Zacks Investment Research raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Tuesday, January 29th. Pivotal Research set a $94.00 price objective on shares of Columbia Sportswear and gave the stock a “hold” rating in a research report on Wednesday, October 24th. Macquarie set a $118.00 price objective on shares of Columbia Sportswear and gave the stock a “buy” rating in a research report on Friday. Finally, Cowen set a $118.00 price objective on shares of Columbia Sportswear and gave the stock a “buy” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $106.53.
Columbia Sportswear stock opened at $106.97 on Monday. The firm has a market cap of $7.37 billion, a PE ratio of 26.68, a PEG ratio of 2.25 and a beta of 0.68. Columbia Sportswear has a 12-month low of $70.36 and a 12-month high of $109.74.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, February 7th. The textile maker reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.41. The business had revenue of $917.60 million during the quarter, compared to analysts’ expectations of $859.06 million. Columbia Sportswear had a net margin of 9.57% and a return on equity of 16.83%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.31 EPS.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Bank of Australia acquired a new position in Columbia Sportswear in the third quarter valued at $111,000. Tower Research Capital LLC TRC increased its stake in Columbia Sportswear by 268.3% in the third quarter. Tower Research Capital LLC TRC now owns 1,536 shares of the textile maker’s stock valued at $143,000 after purchasing an additional 1,119 shares during the period. CENTRAL TRUST Co acquired a new position in Columbia Sportswear in the fourth quarter valued at $145,000. Benjamin F. Edwards & Company Inc. acquired a new position in Columbia Sportswear in the fourth quarter valued at $176,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Columbia Sportswear by 31.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,466 shares of the textile maker’s stock valued at $207,000 after purchasing an additional 588 shares during the period. Institutional investors own 37.21% of the company’s stock.
In related news, Director Sarah Bany sold 19,946 shares of the business’s stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $88.91, for a total value of $1,773,398.86. Following the completion of the sale, the director now directly owns 11,610 shares of the company’s stock, valued at $1,032,245.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 56.68% of the stock is owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Thursday, March 7th will be given a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $0.96 dividend on an annualized basis and a yield of 0.90%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 23.94%.
Columbia Sportswear Company Profile
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, 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.
See Also: Hedge Funds
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.