FY2024 Earnings Forecast for COLM Issued By Seaport Res Ptn

Columbia Sportswear (NASDAQ:COLM) – Stock analysts at Seaport Res Ptn upped their FY2024 EPS estimates for shares of Columbia Sportswear in a research note issued on Wednesday, October 30th. Seaport Res Ptn analyst M. Kummetz now expects 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.

COLM has been the topic of several other research reports. Wedbush reiterated a “neutral” rating and issued a $80.00 price target on shares of Columbia Sportswear in a report on Thursday, July 18th. Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and lifted their price target for the stock from $84.00 to $92.00 in a research report on Monday, July 8th. Finally, StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $77.00.

Columbia Sportswear Stock Performance

Shares of COLM opened at $80.35 on Monday. The business’s fifty day moving average price is $80.95 and its two-hundred day moving average price is $80.89. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 2.96 and a beta of 0.92. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results 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 company had revenue of $931.80 million for the quarter, compared to analyst estimates of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. Columbia Sportswear’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.70 earnings per share.

Columbia Sportswear Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Duality Advisers LP boosted its position in shares of Columbia Sportswear by 225.2% during the first quarter. Duality Advisers LP now owns 40,244 shares of the textile maker’s stock worth $3,267,000 after purchasing an additional 27,868 shares in the last quarter. Quantbot Technologies LP grew its stake in Columbia Sportswear by 1,964.4% in the first quarter. Quantbot Technologies LP now owns 10,322 shares of the textile maker’s stock valued at $838,000 after acquiring an additional 9,822 shares during the period. Vanguard Group Inc. increased its holdings in shares of Columbia Sportswear by 0.7% in the first 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 in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Columbia Sportswear during the first quarter worth about $3,806,000. Finally, Entropy Technologies LP bought a new position in shares of Columbia Sportswear during the 1st quarter valued at about $604,000. Institutional investors and hedge funds 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.