Q1 2024 Earnings Forecast for Columbia Sportswear Issued By Seaport Res Ptn (NASDAQ:COLM)

Columbia Sportswear (NASDAQ:COLM) – Research analysts at Seaport Res Ptn decreased their Q1 2024 earnings estimates for Columbia Sportswear in a note issued to investors on Monday, April 22nd. Seaport Res Ptn analyst M. Kummetz now forecasts that the textile maker will post earnings of $0.38 per share for the quarter, down from their prior estimate of $0.41. The consensus estimate for Columbia Sportswear’s current full-year earnings is $3.70 per share. Seaport Res Ptn also issued estimates for Columbia Sportswear’s Q3 2024 earnings at $1.50 EPS, FY2024 earnings at $3.65 EPS, FY2025 earnings at $4.10 EPS and FY2026 earnings at $4.58 EPS.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, February 1st. The textile maker reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.14). Columbia Sportswear had a return on equity of 14.11% and a net margin of 7.21%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.08 billion.

A number of other brokerages have also weighed in on COLM. UBS Group dropped their price target on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a research note on Friday, February 2nd. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $78.00.

Columbia Sportswear Stock Performance

Shares of COLM stock opened at $78.99 on Wednesday. Columbia Sportswear has a fifty-two week low of $66.01 and a fifty-two week high of $90.04. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 3.13 and a beta of 0.94. The stock’s 50-day simple moving average is $78.93 and its 200-day simple moving average is $77.85.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a $0.30 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.52%. Columbia Sportswear’s dividend payout ratio is currently 29.06%.

Insider Activity at Columbia Sportswear

In related news, Director Stephen E. Babson sold 2,411 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $80.98, for a total value of $195,242.78. Following the sale, the director now owns 122,879 shares in the company, valued at $9,950,741.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Columbia Sportswear news, Director Stephen E. Babson sold 2,411 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $80.98, for a total value of $195,242.78. Following the sale, the director now owns 122,879 shares in the company, valued at approximately $9,950,741.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ronald E. Nelson sold 5,768 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total value of $473,264.40. Following the completion of the sale, the director now owns 16,857 shares in the company, valued at approximately $1,383,116.85. The disclosure for this sale can be found here. 43.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Columbia Sportswear

Several hedge funds have recently bought and sold shares of COLM. SG Americas Securities LLC raised its stake in shares of Columbia Sportswear by 10.7% during the 3rd quarter. SG Americas Securities LLC now owns 22,811 shares of the textile maker’s stock worth $1,690,000 after buying an additional 2,209 shares during the period. GHP Investment Advisors Inc. raised its stake in shares of Columbia Sportswear by 1.9% during the 3rd quarter. GHP Investment Advisors Inc. now owns 25,889 shares of the textile maker’s stock worth $1,858,000 after buying an additional 478 shares during the period. Boston Trust Walden Corp raised its stake in shares of Columbia Sportswear by 3.9% during the 3rd quarter. Boston Trust Walden Corp now owns 988,818 shares of the textile maker’s stock worth $73,271,000 after buying an additional 36,689 shares during the period. Handelsbanken Fonder AB raised its stake in shares of Columbia Sportswear by 10.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 8,658 shares of the textile maker’s stock worth $642,000 after buying an additional 800 shares during the period. Finally, Hunter Perkins Capital Management LLC raised its stake in shares of Columbia Sportswear by 30.5% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 4,535 shares of the textile maker’s stock worth $336,000 after buying an additional 1,060 shares during the period. Hedge funds and other institutional investors own 47.76% of the company’s stock.

About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.