Columbia Sportswear (NASDAQ:COLM – Get Rating) will announce its earnings results after the market closes on Thursday, April 28th. Analysts expect the company to announce earnings of $0.86 per share for the quarter. Columbia Sportswear has set its FY22 guidance at $5.50-5.80 EPS.Investors interested in participating in the company’s conference call can do so using this link.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its quarterly earnings data on Thursday, February 3rd. The textile maker reported $2.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.61. Columbia Sportswear had a return on equity of 18.64% and a net margin of 11.33%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the business earned $1.44 earnings per share. On average, analysts expect Columbia Sportswear to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of NASDAQ:COLM opened at $89.78 on Thursday. The stock’s 50-day moving average is $91.16 and its 200 day moving average is $95.29. The company has a market cap of $5.79 billion, a PE ratio of 16.75, a P/E/G ratio of 1.71 and a beta of 0.90. Columbia Sportswear has a 1 year low of $83.61 and a 1 year high of $114.98.
The business also recently declared a quarterly dividend, which was paid on Monday, March 21st. Stockholders of record on Friday, March 11th were given a $0.30 dividend. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 10th. Columbia Sportswear’s payout ratio is currently 22.39%.
Hedge funds have recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Columbia Sportswear during the 4th quarter worth approximately $275,000. Lombard Odier Asset Management USA Corp acquired a new stake in shares of Columbia Sportswear in the 4th quarter worth $283,000. LPL Financial LLC increased its holdings in shares of Columbia Sportswear by 12.8% in the 4th quarter. LPL Financial LLC now owns 6,010 shares of the textile maker’s stock valued at $588,000 after purchasing an additional 680 shares in the last quarter. Metropolitan Life Insurance Co NY increased its holdings in shares of Columbia Sportswear by 9.2% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 6,389 shares of the textile maker’s stock valued at $623,000 after purchasing an additional 536 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Columbia Sportswear by 27.7% in the 4th quarter. Sei Investments Co. now owns 17,744 shares of the textile maker’s stock valued at $1,733,000 after purchasing an additional 3,845 shares in the last quarter. Hedge funds and other institutional investors own 53.95% of the company’s stock.
Several research firms recently issued reports on COLM. CL King raised Columbia Sportswear to a “buy” rating and set a $117.00 price objective on the stock in a research report on Friday, February 4th. StockNews.com initiated coverage on shares of Columbia Sportswear in a report on Thursday, March 31st. They issued a “buy” rating for the company. Cowen increased their price objective on shares of Columbia Sportswear from $110.00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, February 9th. Wolfe Research downgraded shares of Columbia Sportswear to a “neutral” rating in a report on Tuesday, January 4th. Finally, Zacks Investment Research downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating and set a $92.00 price target for the company. in a report on Tuesday, April 12th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $109.57.
Columbia Sportswear Company Profile (Get Rating)
Columbia Sportswear Company, together with its subsidiaries, designs, sources, 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 that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.
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