What is Seaport Res Ptn’s Estimate for COLM FY2024 Earnings?

Columbia Sportswear (NASDAQ:COLM) – Investment analysts at Seaport Res Ptn raised their FY2024 EPS estimates for Columbia Sportswear in a research note issued to investors on Wednesday, January 29th. Seaport Res Ptn analyst M. Kummetz now forecasts that the textile maker will earn $4.05 per share for the year, up from their prior estimate of $3.72. The consensus estimate for Columbia Sportswear’s current full-year earnings is $3.89 per share. Seaport Res Ptn also issued estimates for Columbia Sportswear’s FY2025 earnings at $4.51 EPS, FY2026 earnings at $4.87 EPS and FY2027 earnings at $5.21 EPS.

Several other research analysts also recently commented on COLM. StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Stifel Nicolaus increased their target price on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, TD Cowen lifted their price target on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $80.75.

Columbia Sportswear Stock Up 2.1 %

NASDAQ:COLM opened at $90.36 on Friday. The company’s 50 day moving average is $86.56 and its 200-day moving average is $82.85. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $91.30. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 24.96, a P/E/G ratio of 3.40 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.20. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The business had revenue of $931.80 million for the quarter, compared to analyst estimates of $937.17 million. During the same quarter in the prior year, the firm posted $1.70 EPS. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis.

Hedge Funds Weigh In On Columbia Sportswear

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. acquired a new stake in Columbia Sportswear in the fourth quarter worth about $6,356,000. Impax Asset Management Group plc boosted its position in shares of Columbia Sportswear by 79.2% in the 3rd quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker’s stock worth $7,530,000 after purchasing an additional 40,000 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Columbia Sportswear during the third quarter worth $7,676,000. Impact Partnership Wealth LLC bought a new stake in Columbia Sportswear in the fourth quarter valued at about $240,000. Finally, MQS Management LLC acquired a new position in Columbia Sportswear in the third quarter valued at about $499,000. Institutional investors and hedge funds own 47.76% of the company’s stock.

About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.