Wall Street analysts forecast that Columbia Sportswear (NASDAQ:COLM) will post sales of $881.48 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Columbia Sportswear’s earnings. The highest sales estimate is $890.10 million and the lowest is $865.20 million. Columbia Sportswear posted sales of $795.80 million in the same quarter last year, which suggests a positive year over year growth rate of 10.8%. The company is scheduled to issue its next quarterly earnings results on Thursday, October 24th.
On average, analysts expect that Columbia Sportswear will report full-year sales of $3.03 billion for the current year, with estimates ranging from $3.02 billion to $3.05 billion. For the next year, analysts expect that the company will post sales of $3.22 billion, with estimates ranging from $3.16 billion to $3.27 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, July 25th. The textile maker reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.22. Columbia Sportswear had a return on equity of 18.14% and a net margin of 10.73%. The firm had revenue of $526.21 million during the quarter, compared to the consensus estimate of $507.16 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year.
A number of equities research analysts recently commented on the company. BidaskClub raised Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Wednesday, September 11th. Bank of America raised Columbia Sportswear from a “neutral” rating to a “buy” rating and boosted their price target for the company from $112.00 to $130.00 in a report on Tuesday, July 23rd. Wedbush boosted their price target on Columbia Sportswear from $118.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, July 26th. ValuEngine downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, B. Riley set a $109.00 price target on Columbia Sportswear and gave the company a “hold” rating in a report on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $118.00.
Shares of Columbia Sportswear stock traded down $0.14 on Wednesday, reaching $98.78. 1,467 shares of the stock were exchanged, compared to its average volume of 269,668. The company has a quick ratio of 1.57, a current ratio of 2.88 and a debt-to-equity ratio of 0.21. Columbia Sportswear has a twelve month low of $80.03 and a twelve month high of $109.74. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 1.92 and a beta of 0.72. The business has a 50 day moving average price of $97.64 and a two-hundred day moving average price of $99.97.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Wednesday, August 14th. Columbia Sportswear’s payout ratio is 23.94%.
In other news, SVP Douglas H. Morse sold 2,620 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $105.00, for a total transaction of $275,100.00. Following the completion of the transaction, the senior vice president now directly owns 3,553 shares of the company’s stock, valued at approximately $373,065. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Douglas H. Morse sold 5,597 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $107.00, for a total value of $598,879.00. Following the transaction, the senior vice president now directly owns 4,609 shares of the company’s stock, valued at $493,163. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,938 shares of company stock valued at $8,461,381. Corporate insiders own 56.57% of the company’s stock.
Several hedge funds have recently made changes to their positions in COLM. Atlanta Capital Management Co. L L C raised its stake in shares of Columbia Sportswear by 14.2% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 2,971,514 shares of the textile maker’s stock worth $297,627,000 after buying an additional 369,222 shares during the period. Allianz Asset Management GmbH raised its stake in shares of Columbia Sportswear by 221.8% during the 2nd quarter. Allianz Asset Management GmbH now owns 430,356 shares of the textile maker’s stock worth $43,104,000 after buying an additional 296,619 shares during the period. Handelsbanken Fonder AB raised its stake in shares of Columbia Sportswear by 308.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 364,100 shares of the textile maker’s stock worth $36,468,000 after buying an additional 275,000 shares during the period. South Texas Money Management Ltd. acquired a new position in shares of Columbia Sportswear during the 2nd quarter worth approximately $18,265,000. Finally, Marshall Wace North America L.P. raised its stake in shares of Columbia Sportswear by 726.8% during the 1st quarter. Marshall Wace North America L.P. now owns 186,536 shares of the textile maker’s stock worth $19,433,000 after buying an additional 163,975 shares during the period. 37.68% of the stock is owned by institutional investors and hedge funds.
About Columbia Sportswear
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East and Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.
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