Brokerages predict that Columbia Sportswear (NASDAQ:COLM) will report $580.95 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Columbia Sportswear’s earnings, with estimates ranging from $574.35 million to $587.30 million. Columbia Sportswear posted sales of $543.79 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.8%. The business is expected to announce its next earnings results on Thursday, April 26th.
On average, analysts expect that Columbia Sportswear will report full year sales of $580.95 million for the current year, with estimates ranging from $2.59 billion to $2.64 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.77 billion per share, with estimates ranging from $2.72 billion to $2.84 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, February 8th. The textile maker reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.16. Columbia Sportswear had a return on equity of 12.65% and a net margin of 4.26%. The company had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $762.18 million. During the same quarter last year, the business earned $1.20 earnings per share. Columbia Sportswear’s revenue was up 8.2% on a year-over-year basis.
In related news, Director Sarah Bany sold 11,846 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $74.24, for a total value of $879,447.04. Following the sale, the director now directly owns 2 shares of the company’s stock, valued at $148.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward S. George sold 11,608 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $76.52, for a total value of $888,244.16. The disclosure for this sale can be found here. Insiders sold 44,400 shares of company stock worth $3,330,033 over the last ninety days. 58.86% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC boosted its stake in shares of Columbia Sportswear by 1,788.8% during the fourth quarter. Advisory Services Network LLC now owns 2,021 shares of the textile maker’s stock valued at $145,000 after purchasing an additional 1,914 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Columbia Sportswear by 10.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock valued at $149,000 after purchasing an additional 234 shares in the last quarter. Martingale Asset Management L P acquired a new stake in shares of Columbia Sportswear during the fourth quarter valued at about $202,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Columbia Sportswear during the fourth quarter valued at about $213,000. Finally, Invictus RG acquired a new stake in shares of Columbia Sportswear during the third quarter valued at about $207,000. 37.67% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Columbia Sportswear (NASDAQ:COLM) traded down $1.23 during midday trading on Friday, hitting $75.58. The company had a trading volume of 205,821 shares, compared to its average volume of 258,323. Columbia Sportswear has a 52 week low of $51.56 and a 52 week high of $79.21. The company has a market capitalization of $5,310.00, a PE ratio of 47.12, a P/E/G ratio of 2.49 and a beta of 0.95.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Friday, March 9th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from Columbia Sportswear’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 1.16%. Columbia Sportswear’s dividend payout ratio (DPR) is 46.63%.
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About Columbia Sportswear
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
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