Columbia Sportswear to Post Q3 2024 Earnings of $1.51 Per Share, Zacks Research Forecasts (NASDAQ:COLM)

Columbia Sportswear (NASDAQ:COLM - Free Report) - Equities research analysts at Zacks Research dropped their Q3 2024 earnings per share (EPS) estimates for shares of Columbia Sportswear in a research report issued on Thursday, May 16th. Zacks Research analyst V. Bagree now expects that the textile maker will earn $1.51 per share for the quarter, down from their prior estimate of $1.58. The consensus estimate for Columbia Sportswear's current full-year earnings is $3.83 per share. Zacks Research also issued estimates for Columbia Sportswear's FY2024 earnings at $3.83 EPS, Q1 2025 earnings at $0.61 EPS, Q4 2025 earnings at $2.22 EPS, FY2025 earnings at $4.33 EPS and FY2026 earnings at $4.56 EPS.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share (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 business had revenue of $769.98 million for the quarter, compared to the consensus estimate of $740.62 million. During the same quarter in the prior year, the company earned $0.74 EPS. The business's revenue was down 6.2% compared to the same quarter last year.

A number of other equities research analysts also recently weighed in on the company. UBS Group dropped their price objective on Columbia Sportswear from $62.00 to $59.00 and set a "sell" rating on the stock in a research report on Friday, February 2nd. Stifel Nicolaus raised their price objective on Columbia Sportswear from $75.00 to $84.00 and gave the company a "hold" rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $75.75.

Columbia Sportswear Trading Down 0.5 %

Shares of COLM traded down $0.40 during midday trading on Friday, reaching $83.61. 318,927 shares of the stock were exchanged, compared to its average volume of 504,893. Columbia Sportswear has a 52 week low of $66.01 and a 52 week high of $86.73. The company's 50 day moving average is $79.17 and its two-hundred day moving average is $79.08. The company has a market capitalization of $4.94 billion, a P/E ratio of 20.39, a PEG ratio of 3.48 and a beta of 0.94.

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Wednesday, May 15th. Columbia Sportswear's dividend payout ratio (DPR) is presently 29.27%.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Sabrina Simmons sold 523 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total value of $42,729.10. Following the completion of the sale, the director now directly owns 6,483 shares in the company, valued at $529,661.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Ronald E. Nelson sold 5,768 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 16,857 shares in the company, valued at $1,383,116.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sabrina Simmons sold 523 shares of the firm's stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total value of $42,729.10. Following the completion of the transaction, the director now owns 6,483 shares of the company's stock, valued at $529,661.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,490 shares of company stock worth $1,073,916. 44.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Morgan Stanley grew its holdings in Columbia Sportswear by 9.2% during the third quarter. Morgan Stanley now owns 4,352,622 shares of the textile maker's stock worth $322,530,000 after acquiring an additional 366,854 shares during the period. Boston Trust Walden Corp grew its holdings in Columbia Sportswear by 30.9% during the fourth quarter. Boston Trust Walden Corp now owns 1,294,410 shares of the textile maker's stock worth $102,957,000 after acquiring an additional 305,592 shares during the period. Norges Bank acquired a new stake in Columbia Sportswear during the fourth quarter worth about $22,526,000. Invesco Ltd. grew its holdings in Columbia Sportswear by 89.5% during the third quarter. Invesco Ltd. now owns 475,945 shares of the textile maker's stock worth $35,268,000 after acquiring an additional 224,755 shares during the period. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in Columbia Sportswear by 13.4% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,469,768 shares of the textile maker's stock worth $108,910,000 after acquiring an additional 173,291 shares during the period. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

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.