Wall Street brokerages forecast that Columbia Sportswear (NASDAQ:COLM) will announce sales of $867.95 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Columbia Sportswear’s earnings, with estimates ranging from $855.90 million to $880.00 million. Columbia Sportswear posted sales of $701.09 million in the same quarter last year, which suggests a positive year over year growth rate of 23.8%. The business is expected to report its next earnings results on Thursday, November 4th.
On average, analysts expect that Columbia Sportswear will report full-year sales of $3.17 billion for the current financial year, with estimates ranging from $3.16 billion to $3.19 billion. For the next financial year, analysts expect that the firm will post sales of $3.49 billion, with estimates ranging from $3.42 billion to $3.55 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Sunday, August 1st. The textile maker reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.69. The firm had revenue of $566.37 million during the quarter, compared to analysts’ expectations of $503.02 million. Columbia Sportswear had a net margin of 9.08% and a return on equity of 14.00%. The firm’s revenue for the quarter was up 78.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.77) EPS.
In related news, EVP Lisa Kulok sold 525 shares of the business’s stock in a transaction dated Tuesday, August 31st. The shares were sold at an average price of $103.13, for a total value of $54,143.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 40.33% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Columbia Sportswear by 0.5% in the 2nd quarter. BlackRock Inc. now owns 3,243,958 shares of the textile maker’s stock valued at $319,076,000 after purchasing an additional 15,659 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Columbia Sportswear by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,081,536 shares of the textile maker’s stock valued at $303,100,000 after acquiring an additional 139,818 shares during the last quarter. Invesco Ltd. increased its stake in shares of Columbia Sportswear by 17.2% during the 2nd quarter. Invesco Ltd. now owns 1,332,213 shares of the textile maker’s stock valued at $131,037,000 after acquiring an additional 195,058 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Columbia Sportswear by 4.2% during the 2nd quarter. Victory Capital Management Inc. now owns 920,862 shares of the textile maker’s stock valued at $90,576,000 after acquiring an additional 37,282 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Columbia Sportswear by 20.3% during the 2nd quarter. State Street Corp now owns 843,215 shares of the textile maker’s stock valued at $82,939,000 after acquiring an additional 142,542 shares during the last quarter. 46.64% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:COLM traded down $1.17 during trading hours on Friday, hitting $102.40. The company’s stock had a trading volume of 1,484 shares, compared to its average volume of 361,241. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 27.04, a P/E/G ratio of 0.66 and a beta of 0.87. Columbia Sportswear has a 52 week low of $73.11 and a 52 week high of $114.98. The firm’s fifty day moving average price is $101.29 and its 200 day moving average price is $103.46.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 26th. Investors of record on Thursday, August 12th were given a $0.26 dividend. The ex-dividend date was Wednesday, August 11th. This represents a $1.04 annualized dividend and a dividend yield of 1.02%. Columbia Sportswear’s dividend payout ratio is presently 64.20%.
Columbia Sportswear Company Profile
Columbia Sportswear Co engages in designing, sourcing, marketing, and distributing outdoor and active lifestyle apparel, footwear, accessories, and equipment. It operates through the following geographical segments: the United States; Latin America and Asia Pacific; Europe, Middle East, and Africa; and Canada.
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