Q4 EPS Forecast for Columbia Sportswear Decreased by Analyst

Columbia Sportswear (NASDAQ:COLM) – Seaport Res Ptn dropped their Q4 2024 earnings per share estimates for shares of Columbia Sportswear in a research report issued to clients and investors on Wednesday, October 30th. Seaport Res Ptn analyst M. Kummetz now forecasts that the textile maker will post earnings of $1.70 per share for the quarter, down from their prior estimate of $1.75. The consensus estimate for Columbia Sportswear’s current full-year earnings is $3.80 per share.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. The business had revenue of $931.80 million for the quarter, compared to the consensus estimate of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.31%. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.70 EPS.

COLM has been the subject of several other research reports. Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and upped their price target for the company from $84.00 to $92.00 in a research report on Monday, July 8th. Wedbush restated a “neutral” rating and issued a $80.00 target price on shares of Columbia Sportswear in a report on Thursday, July 18th. Finally, StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Friday. One research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $77.00.

Columbia Sportswear Stock Down 0.1 %

Shares of Columbia Sportswear stock opened at $80.35 on Friday. Columbia Sportswear has a 12-month low of $73.04 and a 12-month high of $87.23. The firm has a market capitalization of $4.70 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.87 and a beta of 0.92. The stock’s fifty day moving average is $81.01 and its 200-day moving average is $80.76.

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be paid 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 1.49%. Columbia Sportswear’s dividend payout ratio is currently 33.15%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COLM. Blue Trust Inc. boosted its stake in Columbia Sportswear by 116.6% in the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after purchasing an additional 225 shares in the last quarter. GAMMA Investing LLC lifted its position in Columbia Sportswear by 51.3% during the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock worth $35,000 after buying an additional 142 shares in the last quarter. Headlands Technologies LLC lifted its position in Columbia Sportswear by 174.8% during the 1st quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock worth $49,000 after buying an additional 381 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in Columbia Sportswear in the 3rd quarter valued at about $65,000. Finally, Dnca Finance bought a new position in shares of Columbia Sportswear in the second quarter worth about $68,000. 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.