Brokers Offer Predictions for Columbia Sportswear’s Q4 2024 Earnings (NASDAQ:COLM)

Columbia Sportswear (NASDAQ:COLM) – Analysts at Seaport Res Ptn upped their Q4 2024 EPS estimates for shares of Columbia Sportswear in a research note issued to investors on Thursday, April 25th. Seaport Res Ptn analyst M. Kummetz now anticipates that the textile maker will post earnings per share of $2.00 for the quarter, up from their prior forecast of $1.99. The consensus estimate for Columbia Sportswear’s current full-year earnings is $3.69 per share. Seaport Res Ptn also issued estimates for Columbia Sportswear’s FY2026 earnings at $4.52 EPS.

A number of other brokerages have also recently issued reports on COLM. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. UBS Group dropped their target price on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a research note on Friday, February 2nd. Finally, Stifel Nicolaus raised their price target on shares of Columbia Sportswear from $75.00 to $84.00 and gave the company a “hold” rating in a research report on Friday. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $75.75.

Columbia Sportswear Trading Down 1.1 %

NASDAQ COLM opened at $79.09 on Monday. Columbia Sportswear has a 12 month low of $66.01 and a 12 month high of $86.11. The stock’s fifty day moving average price is $78.76 and its 200-day moving average price is $78.15. The stock has a market cap of $4.70 billion, a P/E ratio of 19.29, a P/E/G ratio of 3.27 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, April 25th. The textile maker reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.36. Columbia Sportswear had a return on equity of 13.98% and a net margin of 7.20%. The firm had revenue of $769.98 million for the quarter, compared to analysts’ expectations of $740.62 million. During the same period in the previous year, the firm posted $0.74 EPS. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in COLM. Principal Financial Group Inc. increased its stake in shares of Columbia Sportswear by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 129,929 shares of the textile maker’s stock worth $10,548,000 after purchasing an additional 3,231 shares in the last quarter. New York State Teachers Retirement System lifted its position in Columbia Sportswear by 44.9% during the first quarter. New York State Teachers Retirement System now owns 7,891 shares of the textile maker’s stock valued at $641,000 after purchasing an additional 2,446 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in Columbia Sportswear by 2.1% during the first quarter. Louisiana State Employees Retirement System now owns 9,900 shares of the textile maker’s stock valued at $804,000 after purchasing an additional 200 shares during the period. Leeward Investments LLC MA grew its holdings in Columbia Sportswear by 4.0% during the first quarter. Leeward Investments LLC MA now owns 141,853 shares of the textile maker’s stock valued at $11,516,000 after purchasing an additional 5,444 shares during the period. Finally, State of Michigan Retirement System increased its position in Columbia Sportswear by 2.4% in the first quarter. State of Michigan Retirement System now owns 8,474 shares of the textile maker’s stock worth $688,000 after buying an additional 200 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Wednesday, May 15th. Columbia Sportswear’s dividend payout ratio is currently 29.27%.

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.