Seaport Res Ptn Has Bullish Outlook for COLM FY2024 Earnings

Columbia Sportswear (NASDAQ:COLM) – Stock analysts at Seaport Res Ptn raised their FY2024 EPS estimates for Columbia Sportswear in a research note issued 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 prior forecast of $3.72. The consensus estimate for Columbia Sportswear’s current full-year earnings is $3.89 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.

Columbia Sportswear (NASDAQ:COLM) last released 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%. The firm’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 EPS.

Several other research analysts have also recently commented on the company. Stifel Nicolaus boosted their target price on Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. TD Cowen boosted their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Finally, StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $80.75.

Columbia Sportswear Trading Down 2.3 %

Columbia Sportswear stock opened at $88.30 on Friday. The firm has a market capitalization of $5.05 billion, a P/E ratio of 24.39, a P/E/G ratio of 3.40 and a beta of 0.93. Columbia Sportswear has a twelve month low of $73.04 and a twelve month high of $91.30. The stock’s fifty day simple moving average is $86.66 and its 200-day simple moving average is $82.93.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in COLM. Sei Investments Co. raised its stake in Columbia Sportswear by 15.4% during the 2nd quarter. Sei Investments Co. now owns 7,654 shares of the textile maker’s stock worth $605,000 after acquiring an additional 1,024 shares in the last quarter. Algert Global LLC purchased a new position in shares of Columbia Sportswear during the second quarter worth about $286,000. Paragon Capital Management Inc. acquired a new stake in shares of Columbia Sportswear during the second quarter worth about $1,890,000. Handelsbanken Fonder AB lifted its holdings in shares of Columbia Sportswear by 18.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 10,258 shares of the textile maker’s stock valued at $853,000 after purchasing an additional 1,600 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position 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 valued at $35,000 after purchasing an additional 142 shares during the period. Hedge funds and other institutional investors own 47.76% of the company’s stock.

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.