Columbia Sportswear (NASDAQ:COLM – Get Rating) issued an update on its FY 2025 earnings guidance on Saturday morning. The company provided EPS guidance of $7.35-$7.95 for the period. The company issued revenue guidance of $4.50 billion-$4.70 billion. Columbia Sportswear also updated its FY 2022 guidance to $5.00-$5.40 EPS.
Columbia Sportswear Stock Down 1.0 %
COLM stock traded down $0.70 during trading on Friday, hitting $67.46. The company had a trading volume of 573,020 shares, compared to its average volume of 313,409. The firm has a 50-day moving average price of $73.67 and a 200-day moving average price of $78.61. Columbia Sportswear has a 12 month low of $66.53 and a 12 month high of $107.50. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 1.62 and a beta of 0.88.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The textile maker reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. Columbia Sportswear had a net margin of 10.13% and a return on equity of 17.87%. The firm had revenue of $578.06 million during the quarter, compared to analysts’ expectations of $592.35 million. During the same quarter in the previous year, the company posted $0.61 EPS. Columbia Sportswear’s revenue was up 2.1% on a year-over-year basis. Equities analysts expect that Columbia Sportswear will post 5.18 EPS for the current year.
Columbia Sportswear Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Tuesday, August 16th. Columbia Sportswear’s dividend payout ratio is presently 23.76%.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Stifel Nicolaus lowered their target price on shares of Columbia Sportswear from $100.00 to $81.00 in a report on Wednesday, July 20th. Citigroup lowered their target price on shares of Columbia Sportswear from $98.00 to $80.00 in a report on Thursday, July 28th. Robert W. Baird decreased their price target on shares of Columbia Sportswear from $85.00 to $82.00 and set a neutral rating for the company in a report on Thursday, July 28th. UBS Group decreased their price target on shares of Columbia Sportswear from $83.00 to $80.00 and set a neutral rating for the company in a report on Thursday, July 28th. Finally, Cowen decreased their price target on shares of Columbia Sportswear to $95.00 in a report on Monday, July 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Columbia Sportswear currently has an average rating of Hold and an average price target of $89.38.
In related news, CFO Jim A. Swanson purchased 500 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were acquired at an average price of $72.99 per share, for a total transaction of $36,495.00. Following the purchase, the chief financial officer now owns 5,197 shares in the company, valued at $379,329.03. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.37% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in COLM. Raymond James & Associates boosted its position in shares of Columbia Sportswear by 23.4% during the 1st quarter. Raymond James & Associates now owns 18,898 shares of the textile maker’s stock worth $1,711,000 after acquiring an additional 3,588 shares in the last quarter. US Bancorp DE boosted its position in shares of Columbia Sportswear by 19.8% during the 1st quarter. US Bancorp DE now owns 823 shares of the textile maker’s stock worth $75,000 after acquiring an additional 136 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Columbia Sportswear by 14.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,112 shares of the textile maker’s stock worth $192,000 after acquiring an additional 264 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Columbia Sportswear by 34.6% during the 1st quarter. MetLife Investment Management LLC now owns 22,554 shares of the textile maker’s stock worth $2,042,000 after acquiring an additional 5,803 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Columbia Sportswear by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,668 shares of the textile maker’s stock worth $1,147,000 after acquiring an additional 1,208 shares in the last quarter. Institutional investors and hedge funds own 48.56% of the company’s stock.
About Columbia Sportswear
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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