Research Analysts Offer Predictions for Columbia Sportswear's Q1 2024 Earnings (NASDAQ:COLM)

Columbia Sportswear (NASDAQ:COLM - Free Report) - Research analysts at Seaport Res Ptn lowered their Q1 2024 earnings per share estimates for shares of Columbia Sportswear in a research report issued to clients and investors on Monday, April 22nd. Seaport Res Ptn analyst M. Kummetz now expects that the textile maker will post earnings per share of $0.38 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 - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.08 billion. Columbia Sportswear had a net margin of 7.21% and a return on equity of 14.11%.

Other analysts have also recently issued reports about the company. UBS Group reduced their price target on Columbia Sportswear from $62.00 to $59.00 and set a "sell" rating for the company in a report on Friday, February 2nd. StockNews.com lowered shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, Columbia Sportswear presently has an average rating of "Hold" and an average price target of $78.00.

Columbia Sportswear Stock Up 1.0 %

NASDAQ COLM traded up $0.79 during trading hours on Wednesday, hitting $79.78. 546,385 shares of the stock were exchanged, compared to its average volume of 498,295. Columbia Sportswear has a 12-month low of $66.01 and a 12-month high of $89.11. The stock has a 50-day moving average of $78.91 and a 200 day moving average of $77.90. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 3.15 and a beta of 0.94.

Columbia Sportswear Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.50%. Columbia Sportswear's payout ratio is 29.06%.

Insider Activity at Columbia Sportswear

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,411 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $80.98, for a total transaction of $195,242.78. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In other Columbia Sportswear news, Director Stephen E. Babson sold 2,411 shares of the firm's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $80.98, for a total transaction of $195,242.78. Following the sale, the director now directly owns 122,879 shares of the company's stock, valued at approximately $9,950,741.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald E. Nelson sold 5,768 shares of Columbia Sportswear stock in a transaction dated Thursday, February 22nd. The stock was 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 owned by corporate insiders.

Institutional Investors Weigh In On Columbia Sportswear

Several hedge funds have recently made changes to their positions in COLM. Venturi Wealth Management LLC grew its stake in shares of Columbia Sportswear by 76.2% during the 4th quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker's stock valued at $36,000 after buying an additional 195 shares during the period. TFO Wealth Partners LLC raised its holdings in shares of Columbia Sportswear by 11,725.0% in the 4th quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker's stock worth $38,000 after purchasing an additional 469 shares during the period. Fifth Third Bancorp raised its holdings in shares of Columbia Sportswear by 44.3% in the 3rd quarter. Fifth Third Bancorp now owns 502 shares of the textile maker's stock worth $37,000 after purchasing an additional 154 shares during the period. Signaturefd LLC lifted its stake in shares of Columbia Sportswear by 125.7% in the 3rd quarter. Signaturefd LLC now owns 607 shares of the textile maker's stock valued at $45,000 after purchasing an additional 338 shares in the last quarter. Finally, Quent Capital LLC grew its holdings in shares of Columbia Sportswear by 79.6% during the 4th quarter. Quent Capital LLC now owns 616 shares of the textile maker's stock worth $49,000 after purchasing an additional 273 shares during the period. Institutional investors and hedge funds 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.