Q3 2024 EPS Estimates for Columbia Sportswear Reduced by Analyst (NASDAQ:COLM)

Columbia Sportswear (NASDAQ:COLM - Free Report) - Analysts at Zacks Research cut their Q3 2024 earnings estimates for shares of Columbia Sportswear in a research report issued on Wednesday, August 14th. Zacks Research analyst V. Bagree now expects that the textile maker will earn $1.34 per share for the quarter, down from their previous estimate of $1.51. The consensus estimate for Columbia Sportswear's current full-year earnings is $3.85 per share. Zacks Research also issued estimates for Columbia Sportswear's Q4 2024 earnings at $1.95 EPS, Q1 2025 earnings at $0.62 EPS, Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $1.20 EPS, FY2025 earnings at $4.20 EPS and FY2026 earnings at $4.53 EPS.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, beating analysts' consensus estimates of ($0.34) by $0.14. Columbia Sportswear had a net margin of 6.72% and a return on equity of 13.01%. The firm had revenue of $570.20 million for the quarter, compared to analysts' expectations of $569.37 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The business's revenue for the quarter was down 8.2% on a year-over-year basis.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus raised Columbia Sportswear from a "hold" rating to a "buy" rating and increased their price objective for the company from $84.00 to $92.00 in a research report on Monday, July 8th. Wedbush reaffirmed a "neutral" rating and set a $80.00 price target on shares of Columbia Sportswear in a report on Thursday, July 18th. Finally, StockNews.com cut shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $77.00.

Columbia Sportswear Stock Up 0.2 %

Shares of Columbia Sportswear stock traded up $0.16 on Friday, reaching $80.08. The company's stock had a trading volume of 559,634 shares, compared to its average volume of 492,418. Columbia Sportswear has a 52 week low of $66.01 and a 52 week high of $87.23. The firm's fifty day simple moving average is $79.70 and its two-hundred day simple moving average is $80.17. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 2.94 and a beta of 0.94.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.50%. Columbia Sportswear's dividend payout ratio is currently 29.27%.

Institutional Trading of Columbia Sportswear

Several large investors have recently added to or reduced their stakes in COLM. Vanguard Group Inc. lifted its position in shares of Columbia Sportswear by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker's stock valued at $257,373,000 after buying an additional 21,104 shares in the last quarter. Pacer Advisors Inc. raised its stake in Columbia Sportswear by 44.3% during the 2nd quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker's stock worth $117,107,000 after acquiring an additional 454,738 shares during the period. Boston Trust Walden Corp lifted its holdings in Columbia Sportswear by 1.1% during the second quarter. Boston Trust Walden Corp now owns 1,304,761 shares of the textile maker's stock valued at $103,180,000 after purchasing an additional 13,636 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Columbia Sportswear by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,195,386 shares of the textile maker's stock worth $94,530,000 after purchasing an additional 56,348 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Columbia Sportswear by 153.3% in the second quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker's stock worth $48,722,000 after purchasing an additional 372,886 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors.

About Columbia Sportswear

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.