Columbia Sportswear Company (NASDAQ:COLM) – Analysts at KeyCorp lowered their FY2017 EPS estimates for Columbia Sportswear in a report released on Thursday. KeyCorp analyst E. Yruma now expects that the textile maker will post earnings of $2.70 per share for the year, down from their previous estimate of $2.78. KeyCorp also issued estimates for Columbia Sportswear’s Q1 2018 earnings at $0.58 EPS, Q3 2018 earnings at $1.36 EPS, Q4 2018 earnings at $1.22 EPS and FY2018 earnings at $3.02 EPS.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.10. The company had revenue of $747.37 million for the quarter, compared to the consensus estimate of $735.67 million. Columbia Sportswear had a return on equity of 12.45% and a net margin of 8.18%. Columbia Sportswear’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.18 earnings per share.
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Several other equities analysts have also recently issued reports on COLM. Robert W. Baird reiterated a “buy” rating and set a $68.00 target price on shares of Columbia Sportswear in a research report on Sunday, October 22nd. Pivotal Research reiterated a “buy” rating and set a $74.00 target price (up previously from $72.00) on shares of Columbia Sportswear in a research report on Friday. Stifel Nicolaus boosted their target price on Columbia Sportswear from $60.00 to $62.00 and gave the stock a “hold” rating in a research report on Friday. FBR & Co reiterated a “buy” rating and set a $68.00 target price on shares of Columbia Sportswear in a research report on Friday. Finally, Canaccord Genuity set a $60.00 target price on Columbia Sportswear and gave the stock a “hold” rating in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.92.
Columbia Sportswear (NASDAQ COLM) opened at 63.59 on Monday. The stock has a market cap of $4.44 billion, a P/E ratio of 23.18 and a beta of 0.82. The firm’s 50-day moving average price is $60.70 and its 200-day moving average price is $57.91. Columbia Sportswear has a 12 month low of $51.56 and a 12 month high of $67.60.
Several large investors have recently made changes to their positions in the company. Alps Advisors Inc. boosted its stake in shares of Columbia Sportswear by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 8,532 shares of the textile maker’s stock worth $495,000 after acquiring an additional 22 shares in the last quarter. Creative Planning boosted its stake in shares of Columbia Sportswear by 2.6% during the 2nd quarter. Creative Planning now owns 2,826 shares of the textile maker’s stock worth $164,000 after acquiring an additional 72 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Columbia Sportswear by 4.1% during the 2nd quarter. Stifel Financial Corp now owns 4,122 shares of the textile maker’s stock worth $240,000 after acquiring an additional 162 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Columbia Sportswear by 10.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock worth $149,000 after acquiring an additional 234 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Columbia Sportswear by 5.6% during the 2nd quarter. Prudential Financial Inc. now owns 5,143 shares of the textile maker’s stock worth $299,000 after acquiring an additional 275 shares in the last quarter. 38.94% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Edward S. George sold 6,664 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $56.90, for a total transaction of $379,181.60. Following the sale, the director now owns 8,664 shares of the company’s stock, valued at approximately $492,981.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 58.86% of the stock is owned by insiders.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.19 per share. This is a positive change from Columbia Sportswear’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, November 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.20%. Columbia Sportswear’s payout ratio is 25.81%.
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.
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