Columbia sportswear

Columbia Sportswear (NASDAQ:COLM) is expected to post earnings of $1.67 per share in the third quarter of 2022

Columbia Sportswear (NASDAQ:COLM – Get Rating) – Analysts at Seaport Res Ptn have cut their third quarter 2022 earnings estimates for Columbia Sportswear in a research report released Thursday, July 28. Seaport Res Ptn analyst Mr. Kummetz now expects the textile maker to post earnings of $1.67 per share for the quarter, down from its previous estimate of $2.28. The consensus estimate for Columbia Sportswear’s current annual earnings is $5.83 per share. Seaport Res Ptn also released estimates for Columbia Sportswear’s fiscal year 2022 earnings at $5.20 EPS, fiscal year 2023 earnings at $6.48 EPS and fiscal year 2024 earnings at $7. EPS $04.

Columbia Sportswear (NASDAQ:COLM – Get Rating) last reported results on Wednesday, July 27. The textile maker reported EPS of $0.11 for the quarter, beating consensus analyst estimates of $0.04 by $0.07. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. The company posted revenue of $578.06 million for the quarter, versus $592.35 million expected by analysts. During the same period a year earlier, the company posted earnings per share of $0.61. The company’s revenue for the quarter increased by 2.1% compared to the same quarter last year.

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Several other analysts have also recently released reports on the stock. StockNews.com moved shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a report released Thursday. Stifel Nicolaus cut his price target on Columbia Sportswear shares from $100.00 to $81.00 in a Wednesday, July 20 report. Citigroup cut its price target on shares of Columbia Sportswear from $98.00 to $80.00 in a report on Thursday. Bank of America slashed Columbia Sportswear shares from a ‘neutral’ to an ‘underperforming’ rating and cut its price target for the company from $108.00 to $80.00 in a Friday report April 29. Finally, Robert W. Baird lowered his target price on Columbia Sportswear shares from $85.00 to $82.00 and set a “neutral” rating for the company in a research note on Thursday. One analyst rated the stock with a sell rating, four gave the company a hold rating and four gave the company a buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $89.38.

Columbia Sportswear trades up 0.5%

NASDAQ COLM opened at $74.01 on Monday. The company’s fifty-day simple moving average is $74.59 and its 200-day simple moving average is $83.88. Columbia Sportswear has a 52-week low of $68.29 and a 52-week high of $107.50. The stock has a market capitalization of $4.65 billion, a P/E ratio of 13.34, a PEG ratio of 1.47 and a beta of 0.91.

Columbia Sportswear Institutional Trade

A number of hedge funds have recently bought and sold shares of COLM. Meeder Asset Management Inc. acquired a new stake in Columbia Sportswear during the first quarter worth approximately $27,000. Exchange Traded Concepts LLC purchased a new stake in Columbia Sportswear during the first quarter worth approximately $31,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Columbia Sportswear in the fourth quarter worth approximately $43,000. Lazard Asset Management LLC bought a new stake in shares of Columbia Sportswear in the first quarter worth about $45,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Columbia Sportswear in the second quarter worth approximately $49,000. 48.65% of the shares are held by hedge funds and other institutional investors.

Insider Activity at Columbia Sportswear

Separately, director Ronald E. Nelson sold 3,706 shares in a trade dated Thursday, May 5. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. 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 the completion of the sale, the director now directly owns 112,627 shares of the company, valued at approximately $9,138,554.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, director Ronald E. Nelson sold 3,706 shares of the company in a trade dated Thursday, May 5. The shares were sold at an average price of $80.16, for a total transaction of $297,072.96. Following the completion of the sale, the director now directly owns 14,402 shares of the company, valued at $1,154,464.32. The disclosure of this sale can be found here. 42.37% of the shares are currently held by insiders.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31. Shareholders of record on Wednesday August 17 will receive a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 16. This represents an annualized dividend of $1.20 and a dividend yield of 1.62%. Columbia Sportswear’s dividend payout ratio is currently 21.62%.

Columbia Sportswear Company Profile

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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.

Further reading

Earnings history and estimates for Columbia Sportswear (NASDAQ:COLM)

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