Columbia Sportswear (NASDAQ:COLM – Get Rating) – Equities research analysts at Seaport Res Ptn boosted their Q2 2022 earnings per share (EPS) estimates for shares of Columbia Sportswear in a research note issued to investors on Friday, April 29th. Seaport Res Ptn analyst M. Kummetz now anticipates that the textile maker will post earnings of $0.10 per share for the quarter, up from their previous forecast of $0.09. Seaport Res Ptn has a “Buy” rating on the stock. Seaport Res Ptn also issued estimates for Columbia Sportswear’s Q4 2022 earnings at $2.52 EPS, FY2022 earnings at $6.00 EPS, FY2023 earnings at $6.63 EPS and FY2024 earnings at $7.20 EPS.
Several other analysts have also issued reports on COLM. Zacks Investment Research lowered Columbia Sportswear from a “buy” rating to a “hold” rating and set a $92.00 target price on the stock. in a research note on Tuesday, April 12th. Wolfe Research cut Columbia Sportswear to a “neutral” rating in a research note on Tuesday, January 4th. StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Friday. Cowen boosted their price target on shares of Columbia Sportswear from $110.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday, February 9th. Finally, Robert W. Baird dropped their price target on shares of Columbia Sportswear from $110.00 to $100.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $104.57.
NASDAQ:COLM opened at $82.16 on Monday. Columbia Sportswear has a 12 month low of $80.02 and a 12 month high of $110.44. The firm’s 50 day moving average is $89.68 and its 200 day moving average is $94.82. The stock has a market capitalization of $5.17 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 1.71 and a beta of 0.90.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The textile maker reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.18. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.11%. The business had revenue of $761.50 million during the quarter, compared to the consensus estimate of $762.88 million. During the same quarter last year, the company posted $0.84 earnings per share. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year.
Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC grew its holdings in Columbia Sportswear by 102.9% in the 1st quarter. SG Americas Securities LLC now owns 15,226 shares of the textile maker’s stock worth $1,378,000 after acquiring an additional 7,722 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Columbia Sportswear during the first quarter worth about $195,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Columbia Sportswear in the first quarter worth about $972,000. Comerica Bank increased its holdings in Columbia Sportswear by 4.2% during the 1st quarter. Comerica Bank now owns 29,085 shares of the textile maker’s stock valued at $2,611,000 after purchasing an additional 1,165 shares during the period. Finally, New York State Teachers Retirement System raised its position in Columbia Sportswear by 22.7% during the 1st quarter. New York State Teachers Retirement System now owns 9,745 shares of the textile maker’s stock valued at $882,000 after purchasing an additional 1,800 shares during the last quarter. Institutional investors own 53.95% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Thursday, May 19th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, May 18th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 21.62%.
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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