Wall Street analysts expect Columbia Sportswear (NASDAQ:COLM – Get Rating) to earn $595.13 million in revenue for the current fiscal quarter, Zacks reports. Three analysts released earnings estimates for Columbia Sportswear, with the highest sales estimate at $597.90 million and the lowest estimate at $591.80 million. Columbia Sportswear posted sales of $566.37 million in the same quarter last year, indicating a positive year-over-year growth rate of 5.1%. The company is expected to release its next quarterly results on Monday, January 1.
On average, analysts expect Columbia Sportswear to record annual sales of $3.67 billion for the current fiscal year, with estimates ranging from $3.63 billion to $3.69 billion. For next year, analysts expect the company to post sales of $3.89 billion, with estimates ranging from $3.83 billion to $3.98 billion. Zacks Investment Research sales calculations are an average based on a survey of analysts who cover Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its results on Thursday, April 28. The textile maker reported earnings per share of $1.03 for the quarter, beating the consensus estimate of $0.86 by $0.17. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. The company posted revenue of $761.50 million for the quarter, versus a consensus estimate of $762.88 million. In the same quarter of the previous year, the company made earnings per share of $0.84. The company’s quarterly revenue increased by 21.7% compared to the same quarter last year.
COLM has been the subject of a number of recent research reports. CL King raised shares of Columbia Sportswear to a “buy” rating and set a target price of $117.00 on the stock in a research report on Friday, February 4. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a Friday, April 29 research report. Cowen cut his price target on shares of Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research report. Cowen cut his price target on shares of Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research note. Finally, TheStreet downgraded shares of Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 research report. One analyst gave the stock a sell rating, six gave the company a hold rating and three gave the company a buy rating. According to data from MarketBeat, Columbia Sportswear currently has a consensus rating of “Hold” and an average target price of $102.00.
In other Columbia Sportswear news, Director Stephen E. Babson sold 2,568 shares in a trade on Tuesday, May 3. The stock was sold at an average price of $81.14, for a total transaction of $208,367.52. Following the transaction, the administrator now owns 112,627 shares of the company, valued at approximately $9,138,554.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Additionally, director Ronald E. Nelson sold 3,706 shares of the company in a trade on Thursday, May 5. The stock was sold at an average price of $80.16, for a total value of $297,072.96. Following completion of the transaction, the administrator now owns 14,402 shares of the company, valued at approximately $1,154,464.32. The disclosure of this sale can be found here. Company insiders own 40.33% of the company’s shares.
Several institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its equity position in Columbia Sportswear by 10.3% during the third quarter. The Manufacturers Life Insurance Company now owns 236,686 shares of the textile maker valued at $22,684,000 after acquiring 22,167 additional shares last quarter. Teacher Retirement System of Texas increased its position in Columbia Sportswear by 31.5% in the fourth quarter. Teacher Retirement System of Texas now owns 7,035 shares of the textile maker worth $685,000 after buying 1,687 additional shares in the last quarter. Pictet Asset Management SA increased its position in Columbia Sportswear by 32.8% in the fourth quarter. Pictet Asset Management SA now owns 464,750 shares of the textile maker worth $45,285,000 after buying an additional 114,671 shares in the last quarter. Aviva PLC increased its position in Columbia Sportswear by 20.7% in the fourth quarter. Aviva PLC now owns 35,769 shares of the textile maker worth $3,485,000 after buying an additional 6,145 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Columbia Sportswear during the 4th quarter at a value of $1,622,000. 48.65% of the shares are currently held by institutional investors.
Shares of COLM opened at $77.25 on Tuesday. The company has a 50-day moving average of $84.05 and a two-hundred-day moving average of $91.21. The stock has a market capitalization of $4.86 billion, a P/E ratio of 13.92, a PEG ratio of 1.56 and a beta of 0.90. Columbia Sportswear has a 12 month minimum of $70.91 and a 12 month maximum of $107.50.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2. Shareholders of record on Thursday, May 19 will receive a dividend of $0.30. This represents an annualized dividend of $1.20 and a yield of 1.55%. The ex-dividend date is Wednesday, May 18. Columbia Sportswear’s payout ratio is 21.62%.
About Columbia Sportswear (Get a rating)
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia-Pacific, Europe, the Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.
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