Columbia Sportswear (NASDAQ:COLM) – Equities researchers at Wedbush boosted their Q2 2018 earnings per share (EPS) estimates for Columbia Sportswear in a research note issued on Tuesday, June 26th. Wedbush analyst C. Svezia now anticipates that the textile maker will post earnings of ($0.05) per share for the quarter, up from their prior estimate of ($0.07). Wedbush has a “Outperform” rating on the stock. Wedbush also issued estimates for Columbia Sportswear’s Q3 2018 earnings at $1.43 EPS.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, April 26th. The textile maker reported $0.77 EPS for the quarter, beating the consensus estimate of $0.58 by $0.19. The company had revenue of $607.31 million for the quarter, compared to the consensus estimate of $581.16 million. Columbia Sportswear had a net margin of 4.52% and a return on equity of 13.58%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS.
Several other equities analysts also recently commented on COLM. Robert W. Baird upped their price target on shares of Columbia Sportswear from $87.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, April 12th. BidaskClub downgraded shares of Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 17th. Needham & Company LLC initiated coverage on shares of Columbia Sportswear in a report on Monday, April 23rd. They set a “buy” rating and a $87.00 price target on the stock. Pivotal Research upped their price target on shares of Columbia Sportswear from $83.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, April 25th. Finally, CL King downgraded shares of Columbia Sportswear to a “hold” rating in a report on Friday, April 27th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $83.13.
Shares of Columbia Sportswear opened at $91.47 on Thursday, MarketBeat Ratings reports. The stock has a market cap of $6.36 billion, a P/E ratio of 30.69, a PEG ratio of 2.43 and a beta of 0.89. Columbia Sportswear has a 12 month low of $54.89 and a 12 month high of $94.33.
Institutional investors and hedge funds have recently made changes to their positions in the company. Mount Yale Investment Advisors LLC purchased a new stake in shares of Columbia Sportswear in the 1st quarter worth approximately $109,000. Martingale Asset Management L P bought a new position in shares of Columbia Sportswear during the 4th quarter worth approximately $202,000. Xact Kapitalforvaltning AB bought a new position in shares of Columbia Sportswear during the 4th quarter worth approximately $213,000. Commonwealth Equity Services LLC bought a new position in shares of Columbia Sportswear during the 1st quarter worth approximately $219,000. Finally, CIBC World Markets Inc. bought a new position in shares of Columbia Sportswear during the 1st quarter worth approximately $233,000. 38.86% of the stock is owned by hedge funds and other institutional investors.
In other news, COO Thomas B. Cusick sold 8,343 shares of the company’s stock in a transaction that occurred on Wednesday, April 11th. The shares were sold at an average price of $82.50, for a total value of $688,297.50. Following the completion of the sale, the chief operating officer now owns 52,606 shares of the company’s stock, valued at approximately $4,339,995. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andy D. Bryant sold 19,946 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $85.35, for a total transaction of $1,702,391.10. Following the completion of the sale, the director now directly owns 46,277 shares of the company’s stock, valued at approximately $3,949,741.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,294 shares of company stock valued at $3,460,214. 56.68% of the stock is owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Thursday, May 17th were given a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, May 16th. This represents a $0.88 annualized dividend and a yield of 0.96%. Columbia Sportswear’s dividend payout ratio (DPR) is 29.53%.
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, 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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