Columbia Sportswear (NASDAQ:COLM – Get Rating) – Equity researchers at Seaport Res Ptn cut their fiscal year 2023 earnings per share estimates for Columbia Sportswear shares in a research note released to investors on Thursday, September 22 . Seaport Res Ptn analyst Mr. Kummetz now expects the textile maker to post earnings per share of $6.31 for the year, down from its previous estimate of $6.48. The consensus estimate for Columbia Sportswear’s current annual earnings is $5.18 per share.
Several other equity research analysts have also recently weighed in on COLM. Cowen cut his price target on Columbia Sportswear to $95.00 in a Monday, July 25 report. Stifel Nicolaus reduced his price target on Columbia Sportswear from $100.00 to $81.00 in a Wednesday, July 20 report. Robert W. Baird cut his price target on Columbia Sportswear from $85.00 to $82.00 and set a “neutral” rating on the stock in a Thursday, July 28 report. UBS Group cut its price target on Columbia Sportswear from $83.00 to $80.00 and set a “neutral” rating on the stock in a Thursday, July 28 report. Finally, Citigroup reduced its price target on Columbia Sportswear from $98.00 to $80.00 in a Thursday, July 28 report. One investment analyst gave the stock a sell rating, five gave the company a hold rating and three gave the company a buy rating. Based on data from MarketBeat, Columbia Sportswear currently has a consensus rating of “Hold” and an average price target of $89.38.
Columbia sportswear stock down 1.0%
NASDAQ COLM opened at $67.46 on Monday. Columbia Sportswear has a twelve month low of $66.53 and a twelve month high of $107.50. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 13.36, a growth price-to-earnings ratio of 1.61 and a beta of 0.88. The company’s 50-day moving average is $73.67 and its 200-day moving average is $78.49.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last reported results on Wednesday, July 27. The textile maker reported earnings per share of $0.11 for the quarter, beating analysts’ consensus estimate of $0.04 by $0.07. The company posted revenue of $578.06 million for 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 increased by 2.1% compared to the same quarter last year. In the same quarter last year, the company posted EPS of $0.61.
Columbia Sportswear Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31. Shareholders of record on Wednesday August 17 received a dividend of $0.30. This represents an annualized dividend of $1.20 and a dividend yield of 1.78%. The ex-dividend date was Tuesday, August 16. Columbia Sportswear’s dividend payout ratio (DPR) is currently 23.76%.
Insider Trading at Columbia Sportswear
In other Columbia Sportswear news, Chief Financial Officer Jim A. Swanson acquired 500 shares in a trade dated Monday, August 29. The shares were purchased at an average cost of $72.99 per share, with a total value of $36,495.00. Following the transaction, the CFO now owns 5,197 shares of the company, valued at approximately $379,329.03. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 42.37% of the company’s shares.
Columbia Sportswear Institutional Trade
Major investors have recently changed their positions in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Columbia Sportswear by 233.0% in Q1. Northwestern Mutual Wealth Management Co. now owns 716 shares of the textile maker valued at $65,000 after buying an additional 501 shares during the period. Citigroup Inc. increased its stake in shares of Columbia Sportswear by 28.0% in the fourth quarter. Citigroup Inc. now owns 13,222 shares of the textile maker valued at $1,288,000 after buying 2,896 additional shares during the period. Fox Run Management LLC acquired a new stake in shares of Columbia Sportswear in Q1 worth approximately $442,000. Bank of New York Mellon Corp increased its stake in shares of Columbia Sportswear by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 410,312 shares of the textile maker valued at $37,146,000 after buying 2,388 additional shares during the period. Finally, Aptus Capital Advisors LLC increased its stake in Columbia Sportswear shares by 8.9% in Q1. Aptus Capital Advisors LLC now owns 20,170 shares of the textile maker valued at $1,826,000 after buying an additional 1,640 shares during the period. 48.56% of the shares are currently held by institutional investors and hedge funds.
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.
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