Zacks Research Has Strong Estimate for COLM FY2024 Earnings

Columbia Sportswear (NASDAQ:COLM - Free Report) - Equities researchers at Zacks Research upped their FY2024 earnings per share (EPS) estimates for shares of Columbia Sportswear in a report released on Tuesday, November 19th. Zacks Research analyst V. Bagree now expects that the textile maker will earn $3.86 per share for the year, up from their prior estimate of $3.81. The consensus estimate for Columbia Sportswear's current full-year earnings is $3.86 per share. Zacks Research also issued estimates for Columbia Sportswear's Q4 2024 earnings at $1.79 EPS, Q1 2025 earnings at $0.64 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $1.22 EPS, Q4 2025 earnings at $2.10 EPS, FY2025 earnings at $4.13 EPS, Q1 2026 earnings at $0.76 EPS, Q2 2026 earnings at $0.14 EPS, Q3 2026 earnings at $1.32 EPS and FY2026 earnings at $4.48 EPS.

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

Separately, StockNews.com upgraded shares of Columbia Sportswear from a "hold" rating to a "buy" rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $77.00.

Columbia Sportswear Stock Down 2.1 %

Shares of COLM opened at $80.10 on Thursday. Columbia Sportswear has a twelve month low of $73.04 and a twelve month high of $87.23. The stock has a market capitalization of $4.58 billion, a P/E ratio of 22.13, a P/E/G ratio of 3.54 and a beta of 0.92. The company has a 50 day moving average of $81.43 and a 200-day moving average of $81.24.

Institutional Trading of Columbia Sportswear

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted 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 valued at $257,373,000 after purchasing an additional 21,104 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Columbia Sportswear in the first quarter valued at approximately $845,000. Impax Asset Management Group plc boosted its stake in shares of Columbia Sportswear by 79.2% during the 3rd quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker's stock worth $7,530,000 after acquiring an additional 40,000 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Columbia Sportswear during the 3rd quarter worth approximately $7,676,000. Finally, Pacer Advisors Inc. raised its stake in Columbia Sportswear by 44.3% in the 2nd quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker's stock valued at $117,107,000 after acquiring an additional 454,738 shares during the period. Institutional investors and hedge funds own 47.76% of the company's stock.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a yield of 1.50%. 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.

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