Wall Street analysts expect Columbia Sportswear (NASDAQ:COLM – Get Rating) to earn $595.13 million in revenue for the current fiscal quarter, Zacks reports. Three analysts released earnings estimates for Columbia Sportswear, with the highest sales estimate at $597.90 million and the lowest estimate at $591.80 million. Columbia Sportswear posted sales of $566.37 million in the same quarter last year, indicating a positive year-over-year growth rate of 5.1%. The company is expected to release its next quarterly results on Monday, January 1.
On average, analysts expect Columbia Sportswear to record annual sales of $3.67 billion for the current fiscal year, with estimates ranging from $3.63 billion to $3.69 billion. For next year, analysts expect the company to post sales of $3.89 billion, with estimates ranging from $3.83 billion to $3.98 billion. Zacks Investment Research sales calculations are an average based on a survey of analysts who cover Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its results on Thursday, April 28. The textile maker reported earnings per share of $1.03 for the quarter, beating the consensus estimate of $0.86 by $0.17. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. The company posted revenue of $761.50 million for the quarter, versus a consensus estimate of $762.88 million. In the same quarter of the previous year, the company made earnings per share of $0.84. The company’s quarterly revenue increased by 21.7% compared to the same quarter last year.
COLM has been the subject of a number of recent research reports. CL King raised shares of Columbia Sportswear to a “buy” rating and set a target price of $117.00 on the stock in a research report on Friday, February 4. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a Friday, April 29 research report. Cowen cut his price target on shares of Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research report. Cowen cut his price target on shares of Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research note. Finally, TheStreet downgraded shares of Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 research report. One analyst gave the stock a sell rating, six gave the company a hold rating and three gave the company a buy rating. According to data from MarketBeat, Columbia Sportswear currently has a consensus rating of “Hold” and an average target price of $102.00.
In other Columbia Sportswear news, Director Stephen E. Babson sold 2,568 shares in a trade on Tuesday, May 3. The stock was sold at an average price of $81.14, for a total transaction of $208,367.52. Following the transaction, the administrator now owns 112,627 shares of the company, valued at approximately $9,138,554.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Additionally, director Ronald E. Nelson sold 3,706 shares of the company in a trade on Thursday, May 5. The stock was sold at an average price of $80.16, for a total value of $297,072.96. Following completion of the transaction, the administrator now owns 14,402 shares of the company, valued at approximately $1,154,464.32. The disclosure of this sale can be found here. Company insiders own 40.33% of the company’s shares.
Several institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its equity position in Columbia Sportswear by 10.3% during the third quarter. The Manufacturers Life Insurance Company now owns 236,686 shares of the textile maker valued at $22,684,000 after acquiring 22,167 additional shares last quarter. Teacher Retirement System of Texas increased its position in Columbia Sportswear by 31.5% in the fourth quarter. Teacher Retirement System of Texas now owns 7,035 shares of the textile maker worth $685,000 after buying 1,687 additional shares in the last quarter. Pictet Asset Management SA increased its position in Columbia Sportswear by 32.8% in the fourth quarter. Pictet Asset Management SA now owns 464,750 shares of the textile maker worth $45,285,000 after buying an additional 114,671 shares in the last quarter. Aviva PLC increased its position in Columbia Sportswear by 20.7% in the fourth quarter. Aviva PLC now owns 35,769 shares of the textile maker worth $3,485,000 after buying an additional 6,145 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Columbia Sportswear during the 4th quarter at a value of $1,622,000. 48.65% of the shares are currently held by institutional investors.
Shares of COLM opened at $77.25 on Tuesday. The company has a 50-day moving average of $84.05 and a two-hundred-day moving average of $91.21. The stock has a market capitalization of $4.86 billion, a P/E ratio of 13.92, a PEG ratio of 1.56 and a beta of 0.90. Columbia Sportswear has a 12 month minimum of $70.91 and a 12 month maximum of $107.50.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2. Shareholders of record on Thursday, May 19 will receive a dividend of $0.30. This represents an annualized dividend of $1.20 and a yield of 1.55%. The ex-dividend date is Wednesday, May 18. Columbia Sportswear’s payout ratio is 21.62%.
About Columbia Sportswear (Get an assessment)
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia-Pacific, Europe, the Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.
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