FY2024 Earnings Forecast for COLM Issued By Seaport Res Ptn

Columbia Sportswear (NASDAQ:COLM - Free Report) - Research analysts at Seaport Res Ptn lifted their FY2024 earnings per share (EPS) estimates for Columbia Sportswear in a report released on Wednesday, January 29th. Seaport Res Ptn analyst M. Kummetz now forecasts that the textile maker will earn $4.05 per share for the year, up from their previous estimate of $3.72. The consensus estimate for Columbia Sportswear's current full-year earnings is $3.96 per share. Seaport Res Ptn also issued estimates for Columbia Sportswear's FY2025 earnings at $4.51 EPS, FY2026 earnings at $4.87 EPS and FY2027 earnings at $5.21 EPS.

Other analysts have also issued reports about the stock. StockNews.com raised shares of Columbia Sportswear from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. Stifel Nicolaus raised 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. Finally, TD Cowen boosted their price target on Columbia Sportswear from $70.00 to $84.00 and gave the stock a "hold" rating in a research report on Tuesday, November 26th.

Columbia Sportswear Trading Up 1.0 %

Shares of Columbia Sportswear stock traded up $0.88 on Friday, reaching $86.07. 516,430 shares of the company were exchanged, compared to its average volume of 427,177. Columbia Sportswear has a one year low of $73.04 and a one year high of $91.30. The company has a 50-day moving average of $86.60 and a 200 day moving average of $83.01. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 3.32 and a beta of 0.93.

Institutional Trading of Columbia Sportswear

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Impact Partnership Wealth LLC bought a new position in Columbia Sportswear during the 4th quarter worth $240,000. Assenagon Asset Management S.A. bought a new position in shares of Columbia Sportswear during the fourth quarter worth approximately $6,356,000. Impax Asset Management Group plc raised its position in shares of Columbia Sportswear by 79.2% in 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 buying an additional 40,000 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Columbia Sportswear in the third quarter valued at approximately $7,676,000. Finally, MQS Management LLC acquired a new stake in Columbia Sportswear during the third quarter worth approximately $499,000. Institutional investors own 47.76% of the company's stock.

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.