Wall Street analysts expect Columbia Sportswear (NASDAQ:COLM – Get Rating) to report $595.13 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have released earnings estimates for Columbia Sportswear, with estimates ranging from $591.80 million to $597.90 million. Columbia Sportswear recorded sales of $566.37 million in the same quarter last year, indicating a positive growth rate of 5.1% year over year. The company is due to release its next results on Monday, January 1.
On average, analysts expect Columbia Sportswear to record annual sales of $3.67 billion for the current year, with estimates ranging from $3.63 billion to $3.69 billion. For the next fiscal 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 sell-side research companies that provide coverage for Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its quarterly results on Thursday, April 28. The textile maker reported earnings per share of $1.03 for the quarter, beating consensus analyst estimates of $0.85 from $0.18. The company posted revenue of $761.50 million for the quarter, versus a consensus estimate of $762.88 million. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. The company’s revenue for the quarter increased by 21.7% compared to the same quarter last year. In the same period a year earlier, the company had earned earnings per share of $0.84.
A number of research analysts have weighed in on the company recently. StockNews.com upgraded Columbia Sportswear from a “buy” to a “hold” rating in a Friday, April 29 research report. TheStreet downgraded shares of Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 report. Robert W. Baird cut his price target on Columbia Sportswear stock from $110.00 to $100.00 in a Friday, April 29 report. Bank of America downgraded shares of Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its price target for the stock from $108.00 to $80.00 in a rating of research from Friday, April 29. Finally, Seaport Res Ptn upgraded Columbia Sportswear from a “neutral” rating to a “buy” rating in a Friday, January 28 report. One analyst rated the stock with a sell rating, six issued a hold rating and three gave the stock a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $104.57.
In other Columbia Sportswear news, director Stephen E. Babson sold 2,568 shares of the company in a trade dated Tuesday, May 3. The shares were sold at an average price of $81.14, for a total value of $208,367.52. Following completion of 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 legal filing with the SEC, which is available on the SEC’s website. Additionally, manager Ronald E. Nelson sold 3,706 shares of Columbia Sportswear in a trade that took place on Thursday, May 5. The shares were sold at an average price of $80.16, for a total value of $297,072.96. As a result of the sale, the administrator now directly owns 14,402 shares of the company, valued at approximately $1,154,464.32. The disclosure of this sale can be found here. 40.33% of the shares are held by insiders of the company.
A number of hedge funds have recently changed their positions in COLM. O Shares Investment Advisers LLC increased its stake in Columbia Sportswear by 2.3% during the fourth quarter. O Shares Investment Advisers LLC now owns 5,610 shares of the textile maker worth $547,000 after buying 128 additional shares last quarter. Mutual of America Capital Management LLC increased its stake in Columbia Sportswear shares by 0.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 30,923 shares of the textile maker worth $3,013,000 after buying 151 additional shares last quarter. The Swiss National Bank increased its holdings of Columbia Sportswear shares by 0.3% in the third quarter. The Swiss National Bank now owns 73,400 shares of the textile maker valued at $7,035,000 after buying an additional 200 shares during the period. Louisiana State Employees Retirement System increased its stake in Columbia Sportswear by 2.2% during the first quarter. The Louisiana State Employees Retirement System now owns 9,100 shares of the textile maker valued at $817,000 after buying 200 more shares last quarter. Finally, First Manhattan Co. increased its holdings in Columbia Sportswear by 304.9% during the third quarter. First Manhattan Co. now owns 332 shares of the textile maker worth $31,000 after acquiring an additional 250 shares during the period. Institutional investors hold 48.65% of the company’s shares.
Shares of COLM opened at $75.84 on Tuesday. The stock has a fifty-day moving average price of $88.19 and a 200-day moving average price of $94.09. The stock has a market capitalization of $4.77 billion, a PE ratio of 13.66, a P/E/G ratio of 1.54 and a beta of 0.90. Columbia Sportswear has a 1-year low of $74.49 and a 1-year high of $108.47.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 2. Investors of record on Thursday, May 19 will receive a dividend of $0.30. The ex-dividend date is Wednesday, May 18. This represents an annualized dividend of $1.20 and a yield of 1.58%. Columbia Sportswear’s dividend payout ratio is currently 21.62%.
Columbia Sportswear Company Profile (Get a rating)
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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