September 29, 2022

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Columbia Sportswear (COLM) Set to Announce Quarterly Earnings on Wednesday

Columbia Sportswear (NASDAQ:COLM – Get Rating) will issue its quarterly earnings data after the market closes on Wednesday, July 27th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Columbia Sportswear has set its FY22 guidance at $5.70-6.00 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Columbia Sportswear (NASDAQ:COLM – Get Rating) last posted its quarterly earnings results on Thursday, April 28th. The textile maker reported $1.03 EPS for the quarter, beating the consensus estimate of $0.86 by $0.17. The business had revenue of $761.50 million during the quarter, compared to analysts’ expectations of $762.88 million. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period last year, the firm earned $0.84 EPS. On average, analysts expect Columbia Sportswear to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Columbia Sportswear Price Performance

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COLM opened at $75.67 on Wednesday. The business has a 50 day simple moving average of $74.92 and a 200-day simple moving average of $85.04. The stock has a market capitalization of $4.76 billion, a P/E ratio of 13.63, a P/E/G ratio of 1.48 and a beta of 0.91. Columbia Sportswear has a 12 month low of $68.29 and a 12 month high of $107.50.

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 2nd. Stockholders of record on Thursday, May 19th were issued a $0.30 dividend. The ex-dividend date was Wednesday, May 18th. This represents a $1.20 annualized dividend and a dividend yield of 1.59%. Columbia Sportswear’s dividend payout ratio is currently 21.62%.

Insider Transactions at Columbia Sportswear

In other news, Director Ronald E. Nelson sold 3,706 shares of Columbia Sportswear stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $80.16, for a total value of $297,072.96. Following the completion of the sale, the director now owns 14,402 shares of the company’s stock, valued at $1,154,464.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Stephen E. Babson sold 2,568 shares of Columbia Sportswear stock in a transaction on Tuesday, May 3rd. The stock was sold at an average price of $81.14, for a total value of $208,367.52. Following the completion of the sale, the director now owns 112,627 shares of the company’s stock, valued at $9,138,554.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ronald E. Nelson sold 3,706 shares of Columbia Sportswear stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $80.16, for a total value of $297,072.96. Following the completion of the sale, the director now directly owns 14,402 shares of the company’s stock, valued at approximately $1,154,464.32. The disclosure for this sale can be found here. Insiders own 42.37% of the company’s stock.

Institutional Investors Weigh In On Columbia Sportswear

A number of institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE grew its position in Columbia Sportswear by 19.8% during the first quarter. US Bancorp DE now owns 823 shares of the textile maker’s stock valued at $75,000 after acquiring an additional 136 shares during the period. PNC Financial Services Group Inc. grew its position in Columbia Sportswear by 14.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,112 shares of the textile maker’s stock valued at $192,000 after acquiring an additional 264 shares during the period. Yousif Capital Management LLC grew its position in Columbia Sportswear by 1.9% during the first quarter. Yousif Capital Management LLC now owns 18,561 shares of the textile maker’s stock valued at $1,680,000 after acquiring an additional 353 shares during the period. Lazard Asset Management LLC purchased a new stake in Columbia Sportswear during the first quarter valued at about $45,000. Finally, Graham Capital Management L.P. grew its position in Columbia Sportswear by 30.0% during the first quarter. Graham Capital Management L.P. now owns 2,680 shares of the textile maker’s stock valued at $242,000 after acquiring an additional 619 shares during the period. Hedge funds and other institutional investors own 48.65% of the company’s stock.

Analyst Ratings Changes

COLM has been the subject of several research reports. Bank of America cut Columbia Sportswear from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $108.00 to $80.00 in a report on Friday, April 29th. Cowen reduced their price objective on Columbia Sportswear from $116.00 to $100.00 in a report on Friday, May 13th. TheStreet cut Columbia Sportswear from a “b” rating to a “c+” rating in a report on Thursday, April 28th. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Wednesday, July 6th. Finally, Cowen reduced their price objective on Columbia Sportswear from $116.00 to $100.00 in a report on Friday, May 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $103.43.

Columbia Sportswear Company Profile

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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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Earnings History for Columbia Sportswear (NASDAQ:COLM)

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