Columbia Sportswear (NASDAQ:COLM - Free Report) - Equities researchers at Seaport Res Ptn decreased their Q4 2024 earnings estimates for Columbia Sportswear in a report released on Wednesday, October 30th. Seaport Res Ptn analyst M. Kummetz now expects that the textile maker will post earnings per share of $1.70 for the quarter, down from their previous forecast of $1.75. The consensus estimate for Columbia Sportswear's current full-year earnings is $3.80 per share.
Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.20. The firm had revenue of $931.80 million for the quarter, compared to the consensus estimate of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.31%. The firm's quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 EPS.
Several other equities research analysts also recently issued reports on the company. Stifel Nicolaus upgraded Columbia Sportswear from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $84.00 to $92.00 in a report on Monday, July 8th. StockNews.com cut shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Saturday, October 5th. Finally, Wedbush reiterated a "neutral" rating and set a $80.00 price objective on shares of Columbia Sportswear in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $77.00.
Get Our Latest Stock Analysis on COLM
Columbia Sportswear Stock Performance
Shares of NASDAQ COLM traded down $0.12 during midday trading on Friday, reaching $80.35. 852,835 shares of the company's stock were exchanged, compared to its average volume of 462,096. The stock has a market capitalization of $4.70 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 2.87 and a beta of 0.92. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $87.23. The business's fifty day moving average price is $81.01 and its two-hundred day moving average price is $80.76.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of COLM. Impax Asset Management Group plc grew its holdings in shares of Columbia Sportswear by 79.2% during the third quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker's stock valued at $7,530,000 after purchasing an additional 40,000 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Columbia Sportswear by 1.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 32,287 shares of the textile maker's stock worth $2,686,000 after buying an additional 506 shares during the last quarter. New York State Common Retirement Fund increased its position in Columbia Sportswear by 39.6% in the third quarter. New York State Common Retirement Fund now owns 259,406 shares of the textile maker's stock worth $21,580,000 after buying an additional 73,602 shares during the period. GHP Investment Advisors Inc. lifted its stake in Columbia Sportswear by 1.0% in the third quarter. GHP Investment Advisors Inc. now owns 28,355 shares of the textile maker's stock valued at $2,359,000 after buying an additional 275 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Columbia Sportswear by 75.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,623 shares of the textile maker's stock valued at $468,000 after acquiring an additional 2,425 shares during the period. 47.76% of the stock is currently owned by institutional investors.
Columbia Sportswear Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, November 20th. Columbia Sportswear's dividend payout ratio is currently 33.15%.
About Columbia Sportswear
(
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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.
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