$507.43 Million in Sales Expected for Columbia Sportswear (NASDAQ:COLM) This Quarter

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Equities research analysts expect Columbia Sportswear (NASDAQ:COLM) to report sales of $507.43 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Columbia Sportswear’s earnings, with the highest sales estimate coming in at $510.10 million and the lowest estimate coming in at $503.07 million. Columbia Sportswear posted sales of $481.62 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.4%. The business is expected to announce its next earnings results after the market closes on Thursday, July 25th.

According to Zacks, 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 Investment Research’s sales averages are an average based on a survey of research firms that cover Columbia Sportswear.

Columbia Sportswear (NASDAQ:COLM) last released 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 for the quarter, compared to the consensus estimate of $646.77 million. During the same period in the prior year, the business posted $0.77 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year.

Several research firms recently weighed in on COLM. BidaskClub upgraded Kandi Technologies Group from a “strong sell” rating to a “sell” rating in a research report on Friday, May 17th. Canaccord Genuity set a $107.00 target price on Columbia Sportswear and gave the stock a “hold” rating in a research report on Friday, April 26th. Citigroup began coverage on Oxford Industries in a research report on Tuesday, April 16th. They set a “buy” rating on the stock. Wedbush increased their target price on Columbia Sportswear from $111.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Finally, ValuEngine downgraded Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $108.93.

In other 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 completion of the sale, the executive vice president now owns 2,313,048 shares in the company, valued at $245,183,088. The transaction was disclosed in a legal filing with the SEC, which is available through 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 sale, the director now owns 39,350 shares of the company’s stock, valued at approximately $3,829,542. The disclosure for this sale can be found here. Company insiders own 56.57% of the company’s stock.

Several hedge funds have recently bought and sold shares of COLM. Norges Bank acquired a new stake in shares of Columbia Sportswear in the fourth quarter valued at about $33,356,000. South Texas Money Management Ltd. acquired a new stake in shares of Columbia Sportswear in the second quarter valued at about $18,265,000. Marshall Wace North America L.P. grew its stake in shares of Columbia Sportswear by 726.8% in the first quarter. Marshall Wace North America L.P. now owns 186,536 shares of the textile maker’s stock valued at $19,433,000 after buying an additional 163,975 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Columbia Sportswear by 12.5% in the first quarter. Acadian Asset Management LLC now owns 1,178,817 shares of the textile maker’s stock valued at $122,808,000 after buying an additional 130,710 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of Columbia Sportswear by 103.9% in the fourth quarter. Two Sigma Investments LP now owns 250,073 shares of the textile maker’s stock valued at $21,029,000 after buying an additional 127,407 shares in the last quarter. Institutional investors and hedge funds own 37.42% of the company’s stock.

NASDAQ COLM traded up $0.22 during trading hours on Friday, hitting $99.89. 7,096 shares of the company’s stock were exchanged, compared to its average volume of 343,452. The stock has a 50 day simple moving average of $98.08. Columbia Sportswear has a 12-month low of $80.03 and a 12-month high of $109.74. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 2.48 and a beta of 0.70. The company has a quick ratio of 2.33, a current ratio of 3.41 and a debt-to-equity ratio of 0.20.

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 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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Earnings History and Estimates for Columbia Sportswear (NASDAQ:COLM)

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