Wall Street brokerages expect Columbia Sportswear (NASDAQ:COLM) to report sales of $507.43 million for the current quarter, Zacks reports. Five analysts have provided estimates for Columbia Sportswear’s earnings, with estimates ranging from $503.07 million to $510.10 million. Columbia Sportswear posted sales of $481.62 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.4%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Thursday, July 25th.
On average, analysts expect that Columbia Sportswear will report full-year sales of $3.02 billion for the current year, with estimates ranging from $3.02 billion to $3.04 billion. For the next financial year, analysts expect that the company will post sales of $3.22 billion, with estimates ranging from $3.20 billion to $3.26 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, April 25th. The textile maker reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.23. Columbia Sportswear had a return on equity of 17.89% and a net margin of 10.43%. The firm had revenue of $654.61 million during the quarter, compared to analyst estimates of $646.77 million. During the same period in the previous year, the company earned $0.77 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis.
Several research analysts have commented on COLM shares. Zacks Investment Research raised Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Monday, April 29th. Pivotal Research restated a “buy” rating and set a $117.00 price objective (up from $112.00) on shares of Columbia Sportswear in a research report on Tuesday, April 23rd. DA Davidson reiterated a “neutral” rating on shares of IDEX in a research report on Friday, April 26th. Wedbush upped their price target on Columbia Sportswear from $111.00 to $113.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Finally, Citigroup began coverage on Oxford Industries in a research note on Tuesday, April 16th. They issued a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $108.93.
In other Columbia Sportswear news, EVP Joseph P. Boyle sold 13,013 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $106.00, for a total value of $1,379,378.00. Following the transaction, the executive vice president now owns 2,313,048 shares of the company’s stock, valued at $245,183,088. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Murrey R. Albers sold 11,608 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $97.32, for a total value of $1,129,690.56. Following the completion of the transaction, the director now directly owns 39,350 shares in the company, valued at approximately $3,829,542. The disclosure for this sale can be found here. Corporate insiders own 56.57% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in COLM. Amalgamated Bank grew its holdings in shares of Columbia Sportswear by 4.9% during the fourth quarter. Amalgamated Bank now owns 5,856 shares of the textile maker’s stock worth $492,000 after buying an additional 276 shares in the last quarter. Murphy Pohlad Asset Management LLC acquired a new position in Columbia Sportswear during the fourth quarter valued at approximately $42,000. First Midwest Bank Trust Division boosted its position in Columbia Sportswear by 9.4% during the first quarter. First Midwest Bank Trust Division now owns 6,292 shares of the textile maker’s stock valued at $656,000 after purchasing an additional 540 shares during the last quarter. Quadrant Capital Group LLC acquired a new position in Columbia Sportswear during the first quarter valued at approximately $61,000. Finally, Creative Planning boosted its position in Columbia Sportswear by 18.8% during the first quarter. Creative Planning now owns 4,177 shares of the textile maker’s stock valued at $435,000 after purchasing an additional 662 shares during the last quarter. 37.42% of the stock is currently owned by hedge funds and other institutional investors.
COLM traded up $2.55 on Friday, hitting $102.27. The company had a trading volume of 148,928 shares, compared to its average volume of 232,435. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.33 and a current ratio of 3.41. The stock’s fifty day simple moving average is $98.24. The company has a market capitalization of $6.99 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 2.45 and a beta of 0.70. Columbia Sportswear has a 1-year low of $80.03 and a 1-year high of $109.74.
Columbia Sportswear Company Profile
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 and 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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