Columbia Sportswear (NASDAQ:COLM) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $4.30-4.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.09. The company issued revenue guidance of $2.97-3.03 billion, compared to the consensus revenue estimate of $2.95 billion.Columbia Sportswear also updated its FY 2019 guidance to $4.30-4.45 EPS.
COLM traded up $14.41 on Friday, reaching $106.86. 1,700,796 shares of the company traded hands, compared to its average volume of 294,108. Columbia Sportswear has a 52-week low of $70.36 and a 52-week high of $109.74. The company has a market capitalization of $6.38 billion, a PE ratio of 26.65, a PEG ratio of 2.07 and a beta of 0.68.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, February 7th. The textile maker reported $1.68 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.41. Columbia Sportswear had a net margin of 9.57% and a return on equity of 16.83%. The firm had revenue of $917.60 million for the quarter, compared to the consensus estimate of $859.06 million. During the same period in the previous year, the firm posted $1.31 earnings per share. The firm’s revenue was up 18.2% on a year-over-year basis. As a group, equities analysts predict that Columbia Sportswear will post 4.1 earnings per share for the current year.
A number of research analysts recently commented on COLM shares. Pivotal Research boosted their price objective on shares of Columbia Sportswear from $94.00 to $97.00 in a research report on Monday, October 29th. Buckingham Research boosted their price objective on shares of Columbia Sportswear from $84.00 to $85.00 and gave the company a neutral rating in a research report on Wednesday, October 17th. Macquarie set a $106.00 price objective on shares of Columbia Sportswear and gave the company a hold rating in a research report on Friday, October 26th. Stifel Nicolaus raised shares of Columbia Sportswear from a hold rating to a buy rating and boosted their price objective for the company from $93.00 to $103.00 in a research report on Friday, October 26th. Finally, Needham & Company LLC downgraded shares of Columbia Sportswear from a buy rating to a hold rating in a research report on Thursday, January 10th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $106.53.
In other Columbia Sportswear news, Director Sarah Bany sold 19,946 shares of the business’s stock in a transaction that occurred on Tuesday, November 27th. The shares were sold at an average price of $88.91, for a total value 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 $1,032,245.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 56.68% of the company’s stock.
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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