Seaport Res Ptn Has Strong Estimate for COLM FY2024 Earnings

Columbia Sportswear (NASDAQ:COLM - Free Report) - Analysts at Seaport Res Ptn increased their FY2024 earnings per share (EPS) estimates for Columbia Sportswear in a research note issued on Wednesday, October 30th. Seaport Res Ptn analyst M. Kummetz now forecasts that the textile maker will earn $3.72 per share for the year, up from their previous forecast of $3.65. The consensus estimate for Columbia Sportswear's current full-year earnings is $3.90 per share. Seaport Res Ptn also issued estimates for Columbia Sportswear's FY2025 earnings at $4.10 EPS and FY2026 earnings at $4.45 EPS.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.20. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The company had revenue of $931.80 million during the quarter, compared to analyst estimates of $937.17 million. During the same period in the prior year, the company posted $1.70 earnings per share. Columbia Sportswear's quarterly revenue was down 5.5% on a year-over-year basis.

Several other equities research analysts also recently issued reports on COLM. StockNews.com upgraded Columbia Sportswear from a "hold" rating to a "buy" rating in a research report on Friday. Wedbush restated a "neutral" rating and set a $80.00 target price on shares of Columbia Sportswear in a research report on Thursday, July 18th. Finally, Stifel Nicolaus upgraded Columbia Sportswear from a "hold" rating to a "buy" rating and increased their target price 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, one has issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Columbia Sportswear currently has a consensus rating of "Hold" and a consensus target price of $77.00.

Columbia Sportswear Stock Up 1.8 %

Columbia Sportswear stock traded up $1.43 during trading on Monday, hitting $81.78. The stock had a trading volume of 611,075 shares, compared to its average volume of 462,796. Columbia Sportswear has a 1 year low of $73.04 and a 1 year high of $87.23. The stock's 50 day moving average is $80.95 and its two-hundred day moving average is $80.89. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 2.96 and a beta of 0.92.

Institutional Trading of Columbia Sportswear

Several institutional investors and hedge funds have recently modified their holdings of COLM. State of Michigan Retirement System increased its position in shares of Columbia Sportswear by 2.4% in the first quarter. State of Michigan Retirement System now owns 8,474 shares of the textile maker's stock worth $688,000 after purchasing an additional 200 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Columbia Sportswear in the first quarter worth approximately $970,000. BNP Paribas Financial Markets increased its position in shares of Columbia Sportswear by 67.5% in the first quarter. BNP Paribas Financial Markets now owns 97,166 shares of the textile maker's stock worth $7,888,000 after purchasing an additional 39,150 shares during the last quarter. FORA Capital LLC bought a new position in shares of Columbia Sportswear in the first quarter worth approximately $354,000. Finally, Central Pacific Bank Trust Division bought a new position in shares of Columbia Sportswear in the first quarter worth approximately $445,000. Hedge funds and other institutional investors own 47.76% of the company's stock.

Columbia Sportswear Dividend Announcement

The firm also recently announced 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 yield of 1.47%. The ex-dividend date is Wednesday, November 20th. Columbia Sportswear's payout ratio is 33.15%.

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.