Zacks Research Has Negative Outlook of COLM FY2027 Earnings

Columbia Sportswear (NASDAQ:COLM - Free Report) - Investment analysts at Zacks Research reduced their FY2027 earnings per share estimates for shares of Columbia Sportswear in a report released on Wednesday, May 21st. Zacks Research analyst R. Department now expects that the textile maker will post earnings per share of $4.44 for the year, down from their prior estimate of $4.83. The consensus estimate for Columbia Sportswear's current full-year earnings is $4.10 per share.

Several other research analysts have also recently weighed in on the stock. Citigroup reissued a "neutral" rating and set a $68.00 price objective (down from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. Stifel Nicolaus decreased their target price on shares of Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. UBS Group raised their price target on Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a research note on Monday, April 14th. StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Barclays lowered their target price on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $70.00.

Columbia Sportswear Stock Performance

COLM opened at $64.75 on Thursday. The company's 50-day simple moving average is $68.32 and its two-hundred day simple moving average is $79.49. The stock has a market capitalization of $3.57 billion, a P/E ratio of 16.73, a P/E/G ratio of 2.54 and a beta of 1.00. Columbia Sportswear has a 52-week low of $58.44 and a 52-week high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The textile maker reported $0.75 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07. Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. The company had revenue of $778.45 million for the quarter, compared to analysts' expectations of $763.50 million. During the same period last year, the firm posted $0.71 earnings per share. Columbia Sportswear's revenue was up 1.1% compared to the same quarter last year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 1.85%. Columbia Sportswear's dividend payout ratio is currently 30.69%.

Insider Buying and Selling

In related news, EVP Richelle T. Luther sold 4,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total value of $369,440.00. Following the completion of the sale, the executive vice president now directly owns 14,283 shares of the company's stock, valued at approximately $1,319,177.88. This represents a 21.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen E. Babson sold 2,776 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $65.94, for a total transaction of $183,049.44. Following the sale, the director now owns 128,309 shares in the company, valued at approximately $8,460,695.46. The trade was a 2.12% decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Columbia Sportswear

A number of hedge funds have recently modified their holdings of COLM. Impact Partnership Wealth LLC purchased a new position in shares of Columbia Sportswear during the 4th quarter valued at $240,000. Blue Trust Inc. raised its holdings in Columbia Sportswear by 33.6% during the fourth quarter. Blue Trust Inc. now owns 942 shares of the textile maker's stock valued at $78,000 after acquiring an additional 237 shares during the period. KBC Group NV lifted its position in shares of Columbia Sportswear by 26.8% in the fourth quarter. KBC Group NV now owns 1,975 shares of the textile maker's stock valued at $166,000 after acquiring an additional 418 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Columbia Sportswear by 1.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 32,691 shares of the textile maker's stock valued at $2,744,000 after acquiring an additional 404 shares in the last quarter. Finally, Cairn Investment Group Inc. boosted its stake in shares of Columbia Sportswear by 0.3% in the fourth quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker's stock worth $3,750,000 after acquiring an additional 145 shares during the period. 47.76% of the stock is currently owned by 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.

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