Columbia Sportswear Company (COLM)

Columbia Sportswear (NASDAQ:COLM) Expected to Earn Q2 2024 Earnings of ($0.28) Per Share

Columbia Sportswear (NASDAQ:COLM – Free Report) – Investment analysts at Zacks Research decreased their Q2 2024 EPS estimates for Columbia Sportswear in a research note issued to investors on Thursday, May 16th. Zacks Research analyst V. Bagree now expects that the textile maker will post earnings per share of ($0.28) for the quarter, down from their previous estimate of ($0.14). The consensus estimate for Columbia Sportswear’s current full-year earnings is $3.86 per share. Zacks Research also issued estimates for Columbia Sportswear’s Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $1.34 EPS and Q1 2026 earnings at $0.81 EPS. Columbia Sportswear (NASDAQ:COLM – Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.36. The company had revenue of $769.98 million during the quarter, compared to the consensus estimate of $740.62 million. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.74 earnings per share. Several other equities research analysts also recently weighed in on COLM. Stifel Nicolaus raised their price target on shares of Columbia Sportswear from $75.00 to $84.00 and gave the company a “hold” rating in a research report on Friday, April 26th. UBS Group reduced their price target on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, Columbia Sportswear has an average rating of “Hold” and an average target price of $75.75. View Our Latest Analysis on Columbia Sportswear Columbia Sportswear Stock Down 0.5 % Shares of COLM opened at $83.61 on Monday. The company has a market capitalization of $4.94 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 3.45 and a beta of 0.94. The firm has a 50 day moving average of $79.17 and a 200 day moving average of $79.15. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $86.73. Institutional Inflows and Outflows Several institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley lifted its stake in shares of Columbia Sportswear by 9.2% during the 3rd quarter. Morgan Stanley now owns 4,352,622 shares of the textile maker’s stock valued at $322,530,000 after buying an additional 366,854 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in Columbia Sportswear by 30.9% in the 4th quarter. Boston Trust Walden Corp now owns 1,294,410 shares of the textile maker’s stock worth $102,957,000 after buying an additional 305,592 shares during the period. Norges Bank bought a new position in Columbia Sportswear in the 4th quarter worth $22,526,000. Invesco Ltd. boosted its holdings in Columbia Sportswear by 89.5% in the 3rd quarter. Invesco Ltd. now owns 475,945 shares of the textile maker’s stock worth $35,268,000 after buying an additional 224,755 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in Columbia Sportswear by 13.4% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,469,768 shares of the textile maker’s stock worth $108,910,000 after buying an additional 173,291 shares during the period. Hedge funds and other institutional investors own 47.76% of the company’s stock. Insiders Place Their Bets In other Columbia Sportswear news, Director Sabrina Simmons sold 523 shares of Columbia Sportswear stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total value of $42,729.10. Following the completion of the sale, the director now owns 6,483 shares of the company’s stock, valued at approximately $529,661.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Sabrina Simmons sold 523 shares of Columbia Sportswear stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total transaction of $42,729.10. Following the transaction, the director now owns 6,483 shares in the company, valued at approximately $529,661.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald E. Nelson sold 5,768 shares of Columbia Sportswear stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total transaction of $473,264.40. Following the transaction, the director now owns 16,857 shares in the company, valued at approximately $1,383,116.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,490 shares of company stock valued at $1,073,916. Company insiders own 44.70% of the company’s stock. Columbia Sportswear Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Wednesday, May 15th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 29.27%. Columbia Sportswear Company Profile (Get Free Report) 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.