FY2024 Earnings Forecast for Columbia Sportswear (NASDAQ:COLM) Issued By Zacks Research

Columbia Sportswear (NASDAQ:COLM - Free Report) - Investment analysts at Zacks Research cut their FY2024 earnings per share (EPS) estimates for Columbia Sportswear in a research note issued on Wednesday, August 14th. Zacks Research analyst V. Bagree now forecasts that the textile maker will post earnings per share of $3.81 for the year, down from their prior forecast of $3.83. 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 2025 earnings at $2.20 EPS and Q1 2026 earnings at $0.79 EPS.

Several other analysts also recently weighed in on COLM. Stifel Nicolaus upgraded Columbia Sportswear from a "hold" rating to a "buy" rating and lifted their target price for the stock from $84.00 to $92.00 in a research report on Monday, July 8th. StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Monday, July 29th. Finally, Wedbush reiterated a "neutral" rating and issued a $80.00 target price on shares of Columbia Sportswear in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $77.00.

Columbia Sportswear Price Performance

Shares of NASDAQ:COLM traded down $0.01 on Monday, hitting $80.07. 271,376 shares of the company's stock were exchanged, compared to its average volume of 491,028. Columbia Sportswear has a 12 month low of $66.01 and a 12 month high of $87.23. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. The business's 50 day simple moving average is $79.61 and its two-hundred day simple moving average is $80.15.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its earnings results on Thursday, July 25th. The textile maker reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.14. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The business had revenue of $570.20 million during the quarter, compared to the consensus estimate of $569.37 million. During the same period last year, the company earned $0.14 earnings per share. The business's revenue for the quarter was down 8.2% compared to the same quarter last year.

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders 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 payout ratio is 29.27%.

Institutional Investors Weigh In On Columbia Sportswear

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Columbia Sportswear by 116.6% during the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker's stock worth $34,000 after purchasing an additional 225 shares during the period. TFO Wealth Partners LLC lifted its holdings in Columbia Sportswear by 11,725.0% in the fourth quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker's stock valued at $38,000 after acquiring an additional 469 shares during the period. Headlands Technologies LLC lifted its holdings in Columbia Sportswear by 174.8% in the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker's stock valued at $49,000 after acquiring an additional 381 shares during the period. Northwest Investment Counselors LLC acquired a new position in Columbia Sportswear in the first quarter valued at approximately $64,000. Finally, Dnca Finance acquired a new position in Columbia Sportswear in the second quarter valued at approximately $68,000. Institutional investors and hedge funds own 47.76% of the company's stock.

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.