Brokerages expect Columbia Sportswear (NASDAQ:COLM) to post $947.33 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Columbia Sportswear’s earnings. The highest sales estimate is $953.80 million and the lowest is $934.80 million. Columbia Sportswear reported sales of $899.28 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.3%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 6th.

According to Zacks, analysts expect that Columbia Sportswear will report full-year sales of $3.03 billion for the current financial year, with estimates ranging from $3.02 billion to $3.04 billion. For the next fiscal year, analysts expect that the business will post sales of $3.21 billion, with estimates ranging from $3.11 billion to $3.27 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Columbia Sportswear.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Wednesday, October 30th. The textile maker reported $1.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.20. The firm had revenue of $906.80 million during the quarter, compared to analyst estimates of $883.31 million. Columbia Sportswear had a net margin of 10.97% and a return on equity of 19.14%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 earnings per share.

A number of research firms recently weighed in on COLM. Pivotal Research lowered their price objective on shares of Columbia Sportswear from $125.00 to $117.00 and set a “buy” rating for the company in a research note on Monday, October 28th. ValuEngine lowered shares of Columbia Sportswear from a “hold” rating to a “sell” rating in a research note on Tuesday. B. Riley set a $109.00 price objective on shares of Columbia Sportswear and gave the stock a “hold” rating in a research note on Tuesday, August 20th. Zacks Investment Research raised shares of Columbia Sportswear from a “hold” rating to a “strong-buy” rating and set a $106.00 price objective for the company in a research note on Monday, October 21st. Finally, BidaskClub lowered shares of Columbia Sportswear from a “hold” rating to a “sell” rating in a research note on Saturday, November 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $119.15.

In other Columbia Sportswear news, Director Sarah Bany sold 10,663 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $91.61, for a total value of $976,837.43. Following the completion of the transaction, the director now directly owns 1,154,136 shares in the company, valued at $105,730,398.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Gertrude Boyle Trust sold 50,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $93.63, for a total transaction of $4,681,500.00. Following the completion of the transaction, the insider now owns 9,014,559 shares of the company’s stock, valued at $844,033,159.17. The disclosure for this sale can be found here. Insiders sold 150,918 shares of company stock valued at $13,994,289 over the last quarter. 56.57% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Cullen Frost Bankers Inc. acquired a new position in shares of Columbia Sportswear during the third quarter valued at about $47,000. Private Capital Group LLC increased its holdings in Columbia Sportswear by 46.7% in the 2nd quarter. Private Capital Group LLC now owns 531 shares of the textile maker’s stock worth $49,000 after buying an additional 169 shares during the period. Financial Gravity Wealth Inc. increased its holdings in Columbia Sportswear by 4,581.8% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 515 shares of the textile maker’s stock worth $52,000 after buying an additional 504 shares during the period. Quest Capital Management Inc. ADV acquired a new position in Columbia Sportswear in the 3rd quarter worth approximately $60,000. Finally, Machina Capital S.A.S. increased its holdings in Columbia Sportswear by 17.9% in the 2nd quarter. Machina Capital S.A.S. now owns 1,000 shares of the textile maker’s stock worth $100,000 after buying an additional 152 shares during the period. Institutional investors and hedge funds own 37.82% of the company’s stock.

Shares of COLM opened at $90.28 on Tuesday. The firm has a market capitalization of $6.17 billion, a P/E ratio of 22.51, a P/E/G ratio of 1.77 and a beta of 0.67. Columbia Sportswear has a 12-month low of $80.03 and a 12-month high of $109.74. The company has a current ratio of 3.04, a quick ratio of 1.76 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average price of $94.99 and a 200-day moving average price of $97.37.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Wednesday, November 20th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 23.94%.

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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