Columbia Sportswear (NASDAQ:COLM – Get Rating) is expected to report earnings after the market closes Thursday, October 27. Analysts expect the company to report earnings of $1.67 per share for the quarter. Columbia Sportswear set its guidance for FY22 at EPS $5.00-5.40. Those wishing to listen to the company’s earnings conference call can do so using this link.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released quarterly earnings data on Wednesday, July 27. The textile maker reported earnings per share (EPS) of $0.11 for the quarter, beating the consensus estimate of $0.04 by $0.07. The company posted revenue of $578.06 million for the quarter, versus $592.35 million expected by analysts. Columbia Sportswear had a return on equity of 17.87% and a net margin of 10.13%. The company’s quarterly revenue increased 2.1% year over year. During the same period a year earlier, the company posted EPS of $0.61. On average, analysts expect Columbia Sportswear to post EPS of $5 for the current fiscal year and EPS of $6 for the next fiscal year.
Columbia Sportswear is trading down 0.7%
COLM stock opened at $72.68 on Thursday. The stock has a market capitalization of $4.57 billion, a PE ratio of 14.28, a growth price-earnings ratio of 1.38 and a beta of 0.86. Columbia Sportswear has a 12 month minimum of $65.02 and a 12 month maximum of $107.50. The stock’s 50-day simple moving average is $72.56 and its 200-day simple moving average is $76.06.
Columbia Sportswear Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 31. Shareholders of record on Wednesday August 17 received a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 16. This represents a dividend of $1.20 on an annualized basis and a yield of 1.65%. Columbia Sportswear’s dividend payout ratio is currently 23.76%.
Insiders place their bets
Separately, Chief Financial Officer Jim A. Swanson acquired 500 shares of the company in a transaction on Monday, August 29. The shares were acquired at an average price of $72.99 per share, with a total value of $36,495.00. Following the acquisition, the CFO now directly owns 5,197 shares of the company, valued at $379,329.03. The purchase was disclosed in a legal filing with the SEC, accessible via this link. 42.37% of the shares are currently held by insiders of the company.
Institutional entries and exits
Several hedge funds and other institutional investors have recently changed their positions in the stock. US Bancorp DE increased its stake in Columbia Sportswear shares by 19.8% in the 1st quarter. US Bancorp DE now owns 823 shares of the textile maker valued at $75,000 after buying 136 additional shares in the last quarter. PNC Financial Services Group Inc. increased its equity stake in Columbia Sportswear by 14.3% in Q1. PNC Financial Services Group Inc. now owns 2,112 shares of the textile maker valued at $192,000 after acquiring 264 additional shares in the last quarter. Credit Suisse AG increased its equity stake in Columbia Sportswear by 0.8% in the second quarter. Credit Suisse AG now owns 32,444 shares of the textile maker worth $2,322,000 after acquiring 264 more shares in the last quarter. Yousif Capital Management LLC increased its equity stake in Columbia Sportswear by 1.9% in Q1. Yousif Capital Management LLC now owns 18,561 shares of the textile maker valued at $1,680,000 after acquiring 353 additional shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Columbia Sportswear in Q1 valued at around $45,000. Institutional investors hold 48.56% of the company’s shares.
Analysts set new price targets
A number of equity research analysts have weighed in on the stock. Robert W. Baird lowered his price target on Columbia Sportswear shares from $85.00 to $82.00 and set a “neutral” rating for the company in a Thursday, July 28 research note. Stifel Nicolaus reduced his price target on Columbia Sportswear from $100.00 to $81.00 in a Wednesday, July 20 research note. Citigroup reduced its price target on Columbia Sportswear from $98.00 to $80.00 in a Thursday, July 28 research note. StockNews.com began covering Columbia Sportswear in a research note on Wednesday, October 12. They issued a “hold” rating for the company. Finally, Cowen raised its price target on Columbia Sportswear from $85.00 to $86.00 and gave the stock an “outperform” rating in a Tuesday, September 27 research note. One equity research analyst gave the stock a sell rating, five issued a hold rating and four issued a buy rating for the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $86.50.
About Columbia Sportswear
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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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