Columbia Sportswear (NASDAQ:COLM – Free Report) – Investment analysts at Seaport Res Ptn boosted their FY2024 earnings estimates for shares of Columbia Sportswear in a report released on Wednesday, October 30th. Seaport Res Ptn analyst M. Kummetz now expects that the textile maker will post earnings of $3.72 per share for the year, up from their previous forecast of $3.65. The consensus estimate for Columbia Sportswear’s current full-year earnings is $3.86 per share. Seaport Res Ptn also issued estimates for Columbia Sportswear’s FY2025 earnings at $4.10 EPS and FY2026 earnings at $4.45 EPS.
Columbia Sportswear (NASDAQ:COLM – Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.20. The company had revenue of $931.80 million during the quarter, compared to the consensus estimate of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.70 earnings per share.
Check Out Our Latest Research Report on COLM
Columbia Sportswear Price Performance
Shares of NASDAQ COLM opened at $83.09 on Monday. The stock has a market capitalization of $4.86 billion, a PE ratio of 22.95, a P/E/G ratio of 3.40 and a beta of 0.92. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week high of $87.23. The business has a fifty day moving average price of $80.92 and a two-hundred day moving average price of $80.98.
Institutional Trading of Columbia Sportswear
Large investors have recently bought and sold shares of the business. MQS Management LLC acquired a new stake in shares of Columbia Sportswear in the 3rd quarter valued at approximately $499,000. Versor Investments LP bought a new position in Columbia Sportswear in the 3rd quarter valued at approximately $358,000. State of New Jersey Common Pension Fund D boosted its position in Columbia Sportswear by 2.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 23,795 shares of the textile maker’s stock valued at $1,980,000 after buying an additional 538 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Columbia Sportswear by 113.7% during the third quarter. Crossmark Global Holdings Inc. now owns 36,481 shares of the textile maker’s stock worth $3,034,000 after buying an additional 19,413 shares during the last quarter. Finally, Impax Asset Management Group plc increased its holdings in shares of Columbia Sportswear by 79.2% during the third quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker’s stock worth $7,530,000 after buying an additional 40,000 shares in the last quarter. 47.76% of the stock is owned by institutional investors and hedge funds.
Columbia Sportswear Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.44%. Columbia Sportswear’s dividend payout ratio is currently 33.15%.
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.
Featured Articles
- Five stocks we like better than Columbia Sportswear
- What Is WallStreetBets and What Stocks Are They Targeting?
- Palantir Cracks $50, Is There Still Time to Get on Board?
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Insider Buying Signals Upside for These 3 Stocks
- Learn Technical Analysis Skills to Master the Stock Market
- These 2 Big Players Are Set to Compete With Elon Musk’s Starlink
Receive News & Ratings for Columbia Sportswear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Sportswear and related companies with MarketBeat.com's FREE daily email newsletter.