Zacks Research Has Strong Estimate for COLM FY2024 Earnings

Columbia Sportswear (NASDAQ:COLM) – Research analysts at Zacks Research upped their FY2024 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 post earnings per share of $3.86 for the year, up from their prior forecast 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) last issued its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.20. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The company had revenue of $931.80 million for the quarter, compared to the consensus estimate of $937.17 million. During the same period last year, the firm posted $1.70 EPS. Columbia Sportswear’s revenue for the quarter was down 5.5% on a year-over-year basis.

Separately, StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $77.00.

Columbia Sportswear Stock Performance

Shares of Columbia Sportswear stock opened at $81.09 on Thursday. Columbia Sportswear has a 1 year low of $73.04 and a 1 year high of $87.23. The company has a market capitalization of $4.64 billion, a P/E ratio of 22.42, a PEG ratio of 3.47 and a beta of 0.92. The company’s fifty day moving average is $81.43 and its two-hundred day moving average is $81.24.

Institutional Trading of Columbia Sportswear

Several hedge funds and other institutional investors have recently made changes to their positions in COLM. Blue Trust Inc. lifted its stake in shares of Columbia Sportswear by 116.6% in the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 225 shares during the period. GAMMA Investing LLC lifted its stake in shares of Columbia Sportswear by 51.3% in the third 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. Northwest Investment Counselors LLC acquired a new stake in shares of Columbia Sportswear in the third quarter valued at about $65,000. Dnca Finance acquired a new stake in shares of Columbia Sportswear in the second quarter valued at about $68,000. Finally, nVerses Capital LLC acquired a new stake in shares of Columbia Sportswear in the third quarter valued at about $75,000. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, November 20th. Columbia Sportswear’s payout ratio is 33.15%.

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.