Brokerages expect Columbia Sportswear Company (NASDAQ:COLM) to announce $762.76 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Columbia Sportswear’s earnings, with estimates ranging from $743.00 million to $769.90 million. Columbia Sportswear reported sales of $717.45 million in the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The company is scheduled to announce its next quarterly earnings report on Thursday, February 8th.
On average, analysts expect that Columbia Sportswear will report full-year sales of $762.76 million for the current fiscal year, with estimates ranging from $2.42 billion to $2.45 billion. For the next financial year, analysts anticipate that the firm will post sales of $2.57 billion per share, with estimates ranging from $2.54 billion to $2.62 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.10. The business had revenue of $747.37 million during the quarter, compared to the consensus estimate of $735.67 million. Columbia Sportswear had a return on equity of 12.31% and a net margin of 8.01%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $1.18 EPS.
COLM has been the subject of a number of recent research reports. Cowen and Company set a $58.00 target price on Columbia Sportswear and gave the stock a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised Columbia Sportswear from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Buckingham Research reissued a “neutral” rating and issued a $58.00 target price on shares of Columbia Sportswear in a research report on Monday, July 17th. Robert W. Baird reissued a “buy” rating and issued a $68.00 target price on shares of Columbia Sportswear in a research report on Sunday, September 17th. Finally, Canaccord Genuity reissued a “neutral” rating on shares of Columbia Sportswear in a research report on Wednesday, July 26th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $64.92.
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Columbia Sportswear (NASDAQ COLM) traded up 1.27% during mid-day trading on Tuesday, reaching $65.14. The company had a trading volume of 386,796 shares. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 23.75 and a beta of 0.82. Columbia Sportswear has a 12-month low of $51.56 and a 12-month high of $67.60. The stock has a 50-day moving average of $60.21 and a 200 day moving average of $57.79.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be issued a $0.19 dividend. This is a positive change from Columbia Sportswear’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.17%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 26.47%.
In related news, Director Edward S. George sold 6,664 shares of Columbia Sportswear stock in a transaction on Monday, August 28th. The stock was sold at an average price of $56.90, for a total transaction of $379,181.60. Following the completion of the sale, the director now owns 8,664 shares of the company’s stock, valued at $492,981.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 58.86% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of COLM. SG Americas Securities LLC bought a new stake in Columbia Sportswear during the first quarter valued at $114,000. Ameritas Investment Partners Inc. boosted its stake in Columbia Sportswear by 10.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock valued at $149,000 after buying an additional 234 shares during the period. Creative Planning boosted its stake in Columbia Sportswear by 2.6% during the second quarter. Creative Planning now owns 2,826 shares of the textile maker’s stock valued at $164,000 after buying an additional 72 shares during the period. Advisor Group Inc. boosted its stake in Columbia Sportswear by 11.2% during the second quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock valued at $195,000 after buying an additional 339 shares during the period. Finally, US Bancorp DE boosted its stake in Columbia Sportswear by 36.1% during the second quarter. US Bancorp DE now owns 3,564 shares of the textile maker’s stock valued at $207,000 after buying an additional 946 shares during the period. 38.65% of the stock is owned by institutional investors.
Columbia Sportswear Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
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