Q2 2024 Earnings Forecast for Columbia Sportswear (NASDAQ:COLM) Issued By Zacks Research

Columbia Sportswear (NASDAQ:COLM) – Zacks Research decreased their Q2 2024 earnings per share (EPS) estimates for Columbia Sportswear in a research note issued to investors on Thursday, May 16th. Zacks Research analyst V. Bagree now anticipates that the textile maker will post earnings per share of ($0.28) for the quarter, down from their prior forecast of ($0.14). The consensus estimate for Columbia Sportswear’s current full-year earnings is $3.86 per share. Zacks Research also issued estimates for Columbia Sportswear’s Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $1.34 EPS and Q1 2026 earnings at $0.81 EPS.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, April 25th. The textile maker reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.36. Columbia Sportswear had a return on equity of 13.98% and a net margin of 7.20%. The business had revenue of $769.98 million for the quarter, compared to analysts’ expectations of $740.62 million. During the same period in the previous year, the business posted $0.74 EPS. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year.

Other research analysts also recently issued reports about the stock. UBS Group decreased their price target on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a research note on Friday, February 2nd. Stifel Nicolaus raised their target price on shares of Columbia Sportswear from $75.00 to $84.00 and gave the stock a “hold” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, Columbia Sportswear has an average rating of “Hold” and an average price target of $75.75.

Columbia Sportswear Price Performance

Shares of COLM opened at $85.83 on Monday. The firm’s 50 day simple moving average is $79.39 and its 200 day simple moving average is $79.27. The company has a market capitalization of $5.07 billion, a P/E ratio of 20.93, a P/E/G ratio of 3.45 and a beta of 0.94. Columbia Sportswear has a 1-year low of $66.01 and a 1-year high of $86.73.

Hedge Funds Weigh In On Columbia Sportswear

Hedge funds have recently bought and sold shares of the business. Morgan Stanley increased its position in shares of Columbia Sportswear by 9.2% during the 3rd quarter. Morgan Stanley now owns 4,352,622 shares of the textile maker’s stock valued at $322,530,000 after purchasing an additional 366,854 shares during the last quarter. Vanguard Group Inc. raised its holdings in Columbia Sportswear by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock valued at $257,373,000 after buying an additional 21,104 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in Columbia Sportswear by 13.4% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,469,768 shares of the textile maker’s stock valued at $108,910,000 after buying an additional 173,291 shares during the period. Boston Trust Walden Corp raised its holdings in Columbia Sportswear by 30.9% during the 4th quarter. Boston Trust Walden Corp now owns 1,294,410 shares of the textile maker’s stock valued at $102,957,000 after buying an additional 305,592 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Columbia Sportswear by 10.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,128,258 shares of the textile maker’s stock worth $89,745,000 after purchasing an additional 104,100 shares during the period. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Insider Activity at Columbia Sportswear

In related news, Director Sabrina Simmons sold 523 shares of Columbia Sportswear stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total value of $42,729.10. Following the sale, the director now owns 6,483 shares in the company, valued at $529,661.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Sabrina Simmons sold 523 shares of Columbia Sportswear stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total value of $42,729.10. Following the sale, the director now owns 6,483 shares in the company, valued at $529,661.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jim A. Swanson sold 7,199 shares of Columbia Sportswear stock in a transaction on Monday, April 29th. The shares were sold at an average price of $77.50, for a total transaction of $557,922.50. Following the completion of the sale, the chief financial officer now owns 9,423 shares in the company, valued at approximately $730,282.50. The disclosure for this sale can be found here. Insiders have sold a total of 13,490 shares of company stock worth $1,073,916 over the last quarter. Corporate insiders own 44.70% of the company’s stock.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, May 15th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 29.27%.

Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday 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 for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.