Columbia Sportswear (NASDAQ:COLM – Get Rating) updated its earnings guidance for fiscal 2025 on Saturday. The company provided earnings guidance of $7.35 to $7.95 per share for the period. The company released revenue forecasts of $4.50 billion to $4.70 billion. Columbia Sportswear also updated its guidance for fiscal 2022 to $5.00 – $5.40 EPS.
A Wall Street analyst gives his opinion
A number of analysts have weighed in on the company. Robert W. Baird cut his price target on Columbia Sportswear from $85.00 to $82.00 and set a neutral rating for the company in a research report Thursday, July 28. Cowen raised its price target on Columbia Sportswear from $85.00 to $86.00 and gave the company an outperform rating in a Tuesday, September 27 report. Stifel Nicolaus reduced his price target on Columbia Sportswear from $100.00 to $81.00 in a Wednesday, July 20 report. StockNews.com upgraded Columbia Sportswear from a buy rating to a hold rating in a Friday, August 5, report. Finally, UBS Group reduced its price target on Columbia Sportswear from $83.00 to $80.00 and set a neutral rating for the company in a Thursday, July 28 report. One analyst rated the security with a sell rating, five assigned a hold rating and four assigned a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $86.50.
Columbia Sportswear Inventory Performance
Shares of Columbia Sportswear opened at $72.77 on Friday. The company has a market capitalization of $4.58 billion, a price-earnings ratio of 14.41, a PEG ratio of 1.45 and a beta of 0.86. Columbia Sportswear has a fifty-two week low of $65.02 and a fifty-two week high of $107.50. The stock has a fifty-day moving average of $72.80 and a two-hundred-day moving average of $77.23.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last reported quarterly earnings data on Wednesday, July 27. The textile maker reported EPS of $0.11 for the quarter, beating consensus analyst estimates of $0.04 from $0.07. The company posted revenue of $578.06 million in the quarter, versus a consensus estimate of $592.35 million. Columbia Sportswear had a return on equity of 17.87% and a net margin of 10.13%. The company’s revenue for the quarter increased 2.1% year over year. In the same quarter a year earlier, the company had earned earnings per share of $0.61. On average, analysts expect Columbia Sportswear to post an EPS of 5.17 for the current fiscal year.
Columbia Sportswear Announces Dividend
The company also recently declared 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. This represents a dividend of $1.20 on an annualized basis and a yield of 1.65%. The ex-dividend date was Tuesday, August 16. Columbia Sportswear’s dividend payout ratio (DPR) is currently 23.76%.
Insider Buying and Selling at Columbia Sportswear
Separately, Chief Financial Officer Jim A. Swanson acquired 500 shares of Columbia Sportswear in a transaction on Monday, August 29. The shares were purchased at an average price of $72.99 per share, for a total transaction of $36,495.00. Following the completion of the purchase, the CFO now directly owns 5,197 shares of the company, valued at approximately $379,329.03. The purchase was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. 42.37% of the shares are held by insiders of the company.
Institutional entries and exits
Several institutional investors have recently changed their stake in COLM. Raymond James & Associates increased its stake in shares of Columbia Sportswear by 23.4% in the first quarter. Raymond James & Associates now owns 18,898 shares of the textile maker worth $1,711,000 after acquiring 3,588 more shares last quarter. US Bancorp DE increased its stake in Columbia Sportswear by 19.8% in the first quarter. US Bancorp DE now owns 823 shares of the textile maker valued at $75,000 after buying 136 additional shares last quarter. PNC Financial Services Group Inc. increased its stake in Columbia Sportswear by 14.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,112 shares of the textile maker valued at $192,000 after buying an additional 264 shares last quarter. MetLife Investment Management LLC increased its stake in Columbia Sportswear by 34.6% in Q1. MetLife Investment Management LLC now owns 22,554 shares of the textile maker worth $2,042,000 after buying 5,803 additional shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Columbia Sportswear by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,668 shares of the textile maker worth $1,147,000 after buying 1,208 additional shares in the last quarter. Institutional investors and hedge funds hold 48.56% of the company’s shares.
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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