Columbia Sportswear (COLM) is expected to report quarterly results on Thursday

Columbia Sportswear Inc (NASDAQ:COLM) is expected to release quarterly earnings data after market close on Thursday, February 3. Analysts expect the company to report earnings of $1.76 per share for the quarter. Parties wishing to register for the company’s conference call may do so using this link.

Columbia Sportswear Inc (NASDAQ:COLM) last reported results on Thursday, October 28. The textile maker reported earnings per share of $1.52 for the quarter, beating Thomson Reuters consensus estimate of $1.31 by $0.21. Columbia Sportswear had a return on equity of 15.74% and a net margin of 10.06%. The company posted revenue of $804.70 million in the quarter, versus a consensus estimate of $862.03 million. During the same period of the previous year, the company achieved EPS of $0.94. The company’s quarterly revenue increased 14.8% year over year. On average, analysts expect Columbia Sportswear to post EPS of $5 for the current fiscal year and EPS of $5 for the next fiscal year.

Shares of Columbia Sportswear opened at $87.11 on Thursday. Columbia Sportswear has a fifty-two week low of $85.28 and a fifty-two week high of $114.98. The company has a market capitalization of $5.68 billion, a P/E ratio of 19.75, a PEG ratio of 0.51 and a beta of 0.90. The stock has a 50-day simple moving average of $96.28 and a 200-day simple moving average of $99.20.

COLM has been the subject of several analyst reports. Robert W. Baird downgraded Columbia Sportswear from an “outperforming” rating to a “neutral” rating and lowered his price target for the company from $130.00 to $107.00 in a Tuesday 4 research note. January. Seaport Res Ptn reaffirmed a “neutral” rating on Columbia Sportswear shares in a Tuesday, January 18 research note. Bank of America downgraded Columbia Sportswear from a “buy” rating to a “neutral” rating and reduced its price target for the company from $137.00 to $108.00 in a Tuesday, October 5 research note . Wolfe Research downgraded Columbia Sportswear to a “neutral” rating in a research note on Tuesday, January 4. Finally, Stifel Nicolaus downgraded Columbia Sportswear from a “buy” rating to a “hold” rating and reduced his price target for the company from $126.00 to $111.00 in a Thursday 16 research note. December. One equity research analyst gave the stock a sell rating, six gave the company a hold rating and one gave the company a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $112.67.

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In other news, manager Walter Klenz sold 1,192 shares in a trade that took place on Friday, November 12. The stock was sold at an average price of $105.97, for a total transaction of $126,316.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Company insiders own 41.15% of the company’s shares.

A hedge fund recently increased its stake in shares of Columbia Sportswear. Morgan Stanley increased its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 106.0% during the second quarter, according to the company in its latest 13F filing with the SEC. The fund held 130,478 shares of the textile maker after buying an additional 67,154 shares during the quarter. Morgan Stanley owned approximately 0.20% of Columbia Sportswear worth $12,834,000 at the end of the last reporting period. Hedge funds and other institutional investors hold 52.84% of the company’s shares.

About Columbia Sportswear

Columbia Sportswear Co engages in the design, supply, marketing and distribution of outdoor and active lifestyle apparel, footwear, accessories and equipment. It operates through the following geographic segments: United States; Latin America and Asia-Pacific; Europe, Middle East and Africa; and Canada.

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Revenue History for Columbia Sportswear (NASDAQ:COLM)

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