Columbia Sportswear (COLM) to Post Q1 2019 Earnings of $0.84 Per Share, Wedbush Forecasts

Columbia Sportswear (NASDAQ:COLM) – Wedbush issued their Q1 2019 EPS estimates for Columbia Sportswear in a research report issued to clients and investors on Friday, February 8th. Wedbush analyst C. Svezia anticipates that the textile maker will earn $0.84 per share for the quarter. Wedbush has a “Outperform” rating on the stock. Wedbush also issued estimates for Columbia Sportswear’s Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $1.57 EPS, FY2019 earnings at $4.42 EPS and FY2020 earnings at $4.91 EPS.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, February 7th. The textile maker reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.41. The company had revenue of $917.60 million during the quarter, compared to analysts’ expectations of $859.06 million. Columbia Sportswear had a return on equity of 16.83% and a net margin of 9.57%. Columbia Sportswear’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.31 EPS.

COLM has been the subject of a number of other reports. Buckingham Research upped their price target on Columbia Sportswear from $84.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 17th. Zacks Investment Research cut Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Macquarie set a $118.00 price target on Columbia Sportswear and gave the company a “buy” rating in a research note on Friday. Pivotal Research upped their price target on Columbia Sportswear from $94.00 to $97.00 in a research note on Monday, October 29th. Finally, BidaskClub raised Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $106.53.

Shares of COLM stock opened at $106.97 on Monday. The stock has a market capitalization of $7.37 billion, a PE ratio of 26.68, a P/E/G ratio of 2.25 and a beta of 0.68. Columbia Sportswear has a one year low of $70.36 and a one year high of $109.74.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Thursday, March 7th will be paid a dividend of $0.24 per share. The ex-dividend date is Wednesday, March 6th. This represents a $0.96 dividend on an annualized basis and a yield of 0.90%. Columbia Sportswear’s payout ratio is 23.94%.

In related news, Director Sarah Bany sold 19,946 shares of the stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $88.91, for a total transaction of $1,773,398.86. Following the completion of the sale, the director now directly owns 11,610 shares of the company’s stock, valued at approximately $1,032,245.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 56.68% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. boosted its position in Columbia Sportswear by 143.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 973,401 shares of the textile maker’s stock worth $89,955,000 after acquiring an additional 573,517 shares during the last quarter. Marshall Wace LLP acquired a new position in Columbia Sportswear during the 3rd quarter worth approximately $25,380,000. Acadian Asset Management LLC boosted its position in Columbia Sportswear by 28.5% during the 3rd quarter. Acadian Asset Management LLC now owns 985,761 shares of the textile maker’s stock worth $91,741,000 after acquiring an additional 218,489 shares during the last quarter. AQR Capital Management LLC boosted its position in Columbia Sportswear by 383.5% during the 3rd quarter. AQR Capital Management LLC now owns 200,189 shares of the textile maker’s stock worth $18,631,000 after acquiring an additional 158,787 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Columbia Sportswear during the 4th quarter worth approximately $11,213,000. 37.21% of the stock is owned by institutional investors and hedge funds.

About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active 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 that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.

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Earnings History and Estimates for Columbia Sportswear (NASDAQ:COLM)

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