Columbia Sportswear Company (NASDAQ:COLM) – Analysts at Forward View dropped their Q3 2017 EPS estimates for shares of Columbia Sportswear in a report released on Sunday. Forward View analyst N. Yates now expects that the textile maker will post earnings of $1.18 per share for the quarter, down from their prior estimate of $1.29. Forward View currently has a “Hold” rating on the stock. Forward View also issued estimates for Columbia Sportswear’s Q4 2017 earnings at $1.29 EPS, Q3 2018 earnings at $1.26 EPS and FY2018 earnings at $2.96 EPS.
Several other analysts have also recently weighed in on COLM. Canaccord Genuity set a $60.00 price target on Columbia Sportswear and gave the stock a “hold” rating in a report on Tuesday, July 25th. Stifel Nicolaus set a $60.00 price target on Columbia Sportswear and gave the stock a “hold” rating in a report on Sunday. B. Riley restated a “neutral” rating and set a $61.00 price target on shares of Columbia Sportswear in a report on Tuesday, April 25th. Zacks Investment Research cut Columbia Sportswear from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Cowen and Company set a $58.00 price target on Columbia Sportswear and gave the stock a “hold” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $63.45.
Shares of Columbia Sportswear (NASDAQ:COLM) opened at 60.58 on Tuesday. The firm’s 50-day moving average is $57.10 and its 200-day moving average is $56.50. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 22.09 and a beta of 0.79. Columbia Sportswear has a one year low of $51.56 and a one year high of $63.55.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, July 27th. The textile maker reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.03. Columbia Sportswear had a net margin of 8.01% and a return on equity of 12.32%. The firm had revenue of $398.90 million for the quarter, compared to analyst estimates of $394.53 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. The company’s revenue was up 2.6% on a year-over-year basis.
Several institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. raised its position in shares of Columbia Sportswear by 440.7% in the fourth quarter. Macquarie Group Ltd. now owns 31,900 shares of the textile maker’s stock worth $1,860,000 after buying an additional 26,000 shares during the last quarter. Creative Planning raised its position in shares of Columbia Sportswear by 0.6% in the first quarter. Creative Planning now owns 2,754 shares of the textile maker’s stock worth $162,000 after buying an additional 17 shares during the last quarter. Gotham Asset Management LLC purchased a new position in shares of Columbia Sportswear during the first quarter worth $5,195,000. JPMorgan Chase & Co. raised its position in shares of Columbia Sportswear by 10.7% in the first quarter. JPMorgan Chase & Co. now owns 1,509,656 shares of the textile maker’s stock worth $88,693,000 after buying an additional 145,729 shares during the last quarter. Finally, Alambic Investment Management L.P. raised its position in shares of Columbia Sportswear by 10.9% in the first quarter. Alambic Investment Management L.P. now owns 10,370 shares of the textile maker’s stock worth $609,000 after buying an additional 1,020 shares during the last quarter. 39.60% of the stock is currently owned by institutional investors.
In other news, Director Edward S. George sold 1,776 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $53.59, for a total transaction of $95,175.84. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $107,180. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 58.86% of the stock is owned by corporate insiders.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Tuesday, August 15th. Columbia Sportswear’s payout ratio is 26.47%.
About Columbia Sportswear
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
What are top analysts saying about Columbia Sportswear Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Columbia Sportswear Company and related companies.