Q4 EPS Forecast for Columbia Sportswear Boosted by Analyst

Columbia Sportswear (NASDAQ:COLM - Free Report) - Stock analysts at Seaport Res Ptn upped their Q4 2024 earnings estimates for Columbia Sportswear in a research report issued on Wednesday, January 29th. Seaport Res Ptn analyst M. Kummetz now forecasts that the textile maker will post earnings of $2.03 per share for the quarter, up from their prior forecast of $1.70. The consensus estimate for Columbia Sportswear's current full-year earnings is $3.96 per share.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus boosted their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. TD Cowen lifted their price target on Columbia Sportswear from $70.00 to $84.00 and gave the company a "hold" rating in a research note on Tuesday, November 26th. Finally, StockNews.com downgraded Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday.

Columbia Sportswear Trading Down 1.6 %

Columbia Sportswear stock traded down $1.31 during mid-day trading on Monday, hitting $79.66. The company had a trading volume of 916,247 shares, compared to its average volume of 514,098. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 3.32 and a beta of 0.93. Columbia Sportswear has a 12-month low of $73.04 and a 12-month high of $91.30. The company's fifty day moving average is $86.46 and its 200-day moving average is $83.05.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its earnings results on Tuesday, February 4th. The textile maker reported $1.80 EPS for the quarter, missing analysts' consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%.

Institutional Investors Weigh In On Columbia Sportswear

Several institutional investors and hedge funds have recently added to or reduced their stakes in COLM. Smartleaf Asset Management LLC raised its position in shares of Columbia Sportswear by 184.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock valued at $25,000 after buying an additional 194 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Columbia Sportswear by 51.3% in the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker's stock worth $35,000 after acquiring an additional 142 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Columbia Sportswear by 68.7% during the 3rd quarter. Blue Trust Inc. now owns 705 shares of the textile maker's stock worth $56,000 after acquiring an additional 287 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of Columbia Sportswear during the 3rd quarter valued at about $65,000. Finally, nVerses Capital LLC acquired a new stake in Columbia Sportswear during the third quarter worth about $75,000. Institutional investors and hedge funds own 47.76% of the company's stock.

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Monday, March 10th. Columbia Sportswear's dividend payout ratio is currently 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.