Seaport Res Ptn Issues Pessimistic Outlook for COLM Earnings

Columbia Sportswear (NASDAQ:COLM - Free Report) - Equities research analysts at Seaport Res Ptn cut 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 EPS for the quarter, topping the consensus estimate of $1.36 by $0.20. Columbia Sportswear had a return on equity of 12.31% and a net margin of 6.42%. The firm had revenue of $931.80 million during the quarter, compared to analyst estimates of $937.17 million. During the same period in the previous year, the company posted $1.70 EPS. The business's revenue for the quarter was down 5.5% compared to the same quarter last year.

Several other equities research analysts also recently weighed in on the stock. StockNews.com downgraded shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Saturday, October 5th. Wedbush reissued 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 raised Columbia Sportswear from a "hold" rating to a "buy" rating and upped their target price for the company 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 issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $77.00.

Columbia Sportswear Trading Down 0.0 %

Shares of NASDAQ:COLM traded down $0.01 during trading on Friday, reaching $80.46. The stock had a trading volume of 269,229 shares, compared to its average volume of 459,344. The company has a market capitalization of $4.71 billion, a P/E ratio of 22.23, a PEG ratio of 2.87 and a beta of 0.92. The firm's 50-day simple moving average is $81.01 and its 200 day simple moving average is $80.76. Columbia Sportswear has a one year low of $73.04 and a one year high of $87.23.

Institutional Investors Weigh In On Columbia Sportswear

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

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a yield of 1.49%. Columbia Sportswear's payout ratio is 33.15%.

Columbia Sportswear Company Profile

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.