Columbia Sportswear (COLM) Expected to Post Quarterly Sales of $761.69 Million

Analysts forecast that Columbia Sportswear (NASDAQ:COLM) will post sales of $761.69 million for the current quarter, Zacks reports. Seven analysts have provided estimates for Columbia Sportswear’s earnings, with the highest sales estimate coming in at $767.50 million and the lowest estimate coming in at $751.00 million. Columbia Sportswear reported sales of $717.45 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.2%. The firm is expected to report its next quarterly earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Columbia Sportswear will report full year sales of $761.69 million for the current year, with estimates ranging from $2.44 billion to $2.46 billion. For the next financial year, analysts forecast that the firm will post sales of $2.58 billion per share, with estimates ranging from $2.57 billion to $2.61 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Columbia Sportswear.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.10. The company had revenue of $747.37 million during the quarter, compared to the consensus estimate of $735.67 million. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.18 earnings per share.

A number of research analysts recently weighed in on COLM shares. Robert W. Baird reaffirmed a “buy” rating and issued a $68.00 target price on shares of Columbia Sportswear in a research report on Sunday, September 17th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 target price on shares of Columbia Sportswear in a research report on Wednesday, October 4th. Pivotal Research started coverage on shares of Columbia Sportswear in a research report on Thursday, October 5th. They issued a “buy” rating and a $72.00 target price for the company. Zacks Investment Research raised shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $68.00 target price on shares of Columbia Sportswear in a research report on Friday, October 27th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $69.93.

Columbia Sportswear (NASDAQ COLM) opened at $72.00 on Friday. The firm has a market cap of $5,032.50, a price-to-earnings ratio of 25.81, a P/E/G ratio of 2.38 and a beta of 0.88. Columbia Sportswear has a 12-month low of $51.56 and a 12-month high of $73.59.

In other Columbia Sportswear news, Director Malia H. Wasson sold 900 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $61.68, for a total value of $55,512.00. Following the completion of the sale, the director now owns 1,089 shares in the company, valued at $67,169.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Walter Klenz sold 11,608 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $66.05, for a total transaction of $766,708.40. Following the completion of the sale, the director now owns 21,619 shares of the company’s stock, valued at approximately $1,427,934.95. The disclosure for this sale can be found here. Company insiders own 58.86% of the company’s stock.

A number of hedge funds have recently made changes to their positions in COLM. Schwab Charles Investment Management Inc. lifted its stake in shares of Columbia Sportswear by 3.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 204,514 shares of the textile maker’s stock worth $11,875,000 after buying an additional 6,649 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Columbia Sportswear by 6.4% during the 2nd quarter. First Trust Advisors LP now owns 35,154 shares of the textile maker’s stock worth $2,041,000 after buying an additional 2,125 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Columbia Sportswear by 9.0% during the 2nd quarter. Rhumbline Advisers now owns 36,942 shares of the textile maker’s stock worth $2,145,000 after buying an additional 3,039 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Columbia Sportswear by 4.8% during the 2nd quarter. Legal & General Group Plc now owns 10,352 shares of the textile maker’s stock worth $601,000 after buying an additional 471 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Columbia Sportswear by 247.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,237 shares of the textile maker’s stock worth $246,000 after buying an additional 3,017 shares during the last quarter. Hedge funds and other institutional investors own 38.80% of the company’s stock.

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Columbia Sportswear Company Profile

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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