Q3 EPS Forecast for Columbia Sportswear Reduced by Analyst

Columbia Sportswear (NASDAQ:COLM - Free Report) - Analysts at Seaport Res Ptn cut their Q3 2024 EPS estimates for shares of Columbia Sportswear in a research report issued on Tuesday, October 22nd. Seaport Res Ptn analyst M. Kummetz now expects that the textile maker will post earnings of $1.40 per share for the quarter, down from their prior forecast of $1.43. The consensus estimate for Columbia Sportswear's current full-year earnings is $3.84 per share. Seaport Res Ptn also issued estimates for Columbia Sportswear's Q4 2024 earnings at $1.75 EPS, FY2024 earnings at $3.65 EPS and FY2025 earnings at $3.97 EPS.

Several other brokerages also recently weighed in on COLM. StockNews.com downgraded Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Saturday, October 5th. Wedbush reiterated a "neutral" rating and issued a $80.00 price objective on shares of Columbia Sportswear in a research report on Thursday, July 18th. Finally, Stifel Nicolaus upgraded shares of Columbia Sportswear from a "hold" rating to a "buy" rating and upped their price objective for the stock from $84.00 to $92.00 in a research report on Monday, July 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $77.00.

Columbia Sportswear Trading Down 1.5 %

Shares of NASDAQ COLM traded down $1.16 during midday trading on Thursday, reaching $76.78. 364,573 shares of the company were exchanged, compared to its average volume of 453,686. The stock has a market cap of $4.54 billion, a P/E ratio of 18.73, a PEG ratio of 3.00 and a beta of 0.92. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $87.23. The stock has a fifty day simple moving average of $81.42 and a 200 day simple moving average of $80.73.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $570.20 million for the quarter, compared to analyst estimates of $569.37 million. During the same period in the previous year, the business posted $0.14 earnings per share. Columbia Sportswear's quarterly revenue was down 8.2% on a year-over-year basis.

Institutional Trading of Columbia Sportswear

Several hedge funds have recently modified their holdings of the business. Blue Trust Inc. boosted its holdings in 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 buying an additional 225 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Columbia Sportswear by 51.3% during the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker's stock valued at $35,000 after acquiring an additional 142 shares during the period. Headlands Technologies LLC boosted its stake in shares of Columbia Sportswear by 174.8% during the 1st quarter. Headlands Technologies LLC now owns 599 shares of the textile maker's stock worth $49,000 after acquiring an additional 381 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Columbia Sportswear in the 3rd quarter worth approximately $65,000. Finally, Dnca Finance purchased a new position in Columbia Sportswear in the 2nd quarter valued at approximately $68,000. 47.76% of the stock is owned by institutional investors and hedge funds.

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.