Columbia Sportswear (NASDAQ: COLM) anticipated gross sales of $ 583.33 million this quarter

Wall Road brokers predict that Columbia Sportswear (NASDAQ: COLM) could have income of $ 583.33 million for the present fiscal quarter, Zacks studies. Three analysts have launched earnings estimates for Columbia Sportswear. The bottom gross sales estimate is $ 563.90 million and the very best is $ 599.00 million. Columbia Sportswear posted gross sales of $ 568.23 million in the identical quarter final yr, suggesting a constructive development charge of two.7% yr over yr. The corporate is predicted to launch its subsequent quarterly outcomes on Thursday, April 29.

In accordance with Zacks, analysts anticipate Columbia Sportswear to put up income of $ 3.01 billion for the present yr, with estimates starting from $ 2.98 billion to $ 3.04 billion. {dollars}. For the subsequent fiscal yr, analysts predict the corporate could have gross sales of $ 3.29 billion, with estimates starting from $ 3.19 billion to $ 3.43 billion. Zacks Funding Analysis’s gross sales calculations are a mean primarily based on a survey of analysis analysts who cowl Columbia Sportswear.

Columbia Sportswear (NASDAQ: COLM) final launched its quarterly outcomes on Thursday, February 4. The textile maker reported earnings per share (EPS) of $ 1.44 for the quarter, beating analyst consensus estimates of $ 1.21 by $ 0.23. The corporate posted income of $ 915.62 million within the quarter, in comparison with analysts’ estimates of $ 866.40 million. Columbia Sportswear reported a return on fairness of seven.30% and a web margin of 4.97%.

COLM has been the topic of a number of analyst studies. Robert W. Baird reiterated a “purchase” word on Columbia Sportswear inventory in a analysis report on Sunday, February 21. Pivotal Analysis elevated its worth goal on Columbia Sportswear from $ 90.00 to $ 92.00 and gave the inventory a “maintain” score in a analysis report on Tuesday, February 2. TheStreet upgraded Columbia Sportswear from a “c +” score to a “b-” score in a analysis report on Thursday, February 4. Zacks funding analysis upgraded Columbia Sportswear from a “promote” score to a “maintain” score and set a worth goal of $ 108.00 for the corporate in a analysis report on Tuesday, February 9. Lastly, Financial institution of America upgraded Columbia Sportswear from a “impartial” score to a “purchase” score and raised its share worth goal from $ 108.00 to $ 128.00 in a analysis report. Monday March 29. Six analysts rated the inventory with a sustaining score and 6 issued a purchase score to the corporate. The inventory at present has a mean score of “Purchase” and a mean goal worth of $ 106.10.

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As well as, SVP Douglas H. Morse bought 6,549 shares in a transaction on Friday March 19. The inventory was bought for a mean worth of $ 108.00, for a complete worth of $ 707,292.00. Following the sale, the Senior Vice-President now immediately owns 3,250 shares of the corporate, valued at $ 351,000. The sale was disclosed in a authorized deposit with the SEC, accessible by way of this hyperlink. Moreover, supervisor Ronald E. Nelson bought 3,486 shares of the inventory in a commerce on Wednesday, February 24. The shares had been bought for a mean worth of $ 105.52, for a complete worth of $ 367,842.72. Following the closing of the sale, the director now owns 10,938 shares of the corporate, valued at $ 1,154,177.76. Disclosure of this sale may be discovered right here. Over the past quarter, insiders bought 302,666 shares of the corporate valued at $ 30,967,992. Insiders personal 41.15% of the shares of the corporate.

Hedge funds and different institutional traders have just lately modified their positions within the firm. Heritage Wealth Advisors acquired a brand new stake in Columbia Sportswear shares within the fourth quarter valued at $ 26,000. Twin Tree Administration LP acquired a brand new stake in Columbia Sportswear within the fourth quarter valued at $ 35,000. Grant Road Asset Administration Inc. acquired a brand new stake in Columbia Sportswear within the fourth quarter valued at $ 89,000. The Canada Pension Plan Funding Board acquired a brand new stake in Columbia Sportswear within the fourth quarter valued at $ 90,000. Lastly, Alpha Paradigm Companions LLC acquired a brand new stake in Columbia Sportswear within the fourth quarter valued at $ 91,000. Institutional traders and hedge funds maintain 40.64% of the corporate’s shares.

Columbia Sportswear inventory opened at $ 106.75 on Tuesday. The corporate has a market cap of $ 7.09 billion, a worth / earnings ratio of 58.02, a PEG ratio of 8.42 and a beta of 0.72. Columbia Sportswear has a 52 week low of $ 57.16 and a 52 week excessive of $ 112.40. The inventory has a 50-day shifting common of $ 105.11 and a 200-day shifting common of $ 93.34.

The corporate additionally just lately disclosed a quarterly dividend, which was paid on Monday, March 22. Shareholders of file on Tuesday March 9 obtained a dividend of $ 0.26. This represents an annualized dividend of $ 1.04 and a dividend yield of 0.97%. The ex-dividend date of this dividend was Monday March 8. Columbia Sportswear’s payout ratio is at present 22.03%.

Columbia Sportswear introduced that its board of administrators launched a share buyback plan on Thursday, February 4 that authorizes the corporate to repurchase $ 400.00 million in excellent shares. This buyback authorization authorizes the textile producer to purchase again as much as 6.4% of its inventory by means of purchases on the open market. Share buyback plans often point out that firm administration believes its shares are undervalued.

About Columbia Sportswear

Columbia Sportswear Firm, along with its subsidiaries, designs, provides, markets and distributes out of doors, lively and on a regular basis attire, footwear, equipment and tools in america, Latin America, Asia Pacific, Europe, the Center East, Africa and Canada. The corporate supplies clothes, equipment and tools that are utilized in varied actions, corresponding to snowboarding, snowboarding, mountain climbing, climbing, mountaineering, tenting, looking, fishing, working on path, water sports activities, yoga, golf and journey journey.

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