What is Zacks Research’s Estimate for COLM FY2024 Earnings?

Columbia Sportswear (NASDAQ:COLM) – Research analysts at Zacks Research boosted their FY2024 earnings per share estimates for Columbia Sportswear in a report issued on Tuesday, November 19th. Zacks Research analyst V. Bagree now anticipates that the textile maker will post earnings per share of $3.86 for the year, up from their prior estimate of $3.81. The consensus estimate for Columbia Sportswear’s current full-year earnings is $3.86 per share. Zacks Research also issued estimates for Columbia Sportswear’s Q4 2024 earnings at $1.79 EPS, Q1 2025 earnings at $0.64 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $1.22 EPS, Q4 2025 earnings at $2.10 EPS, FY2025 earnings at $4.13 EPS, Q1 2026 earnings at $0.76 EPS, Q2 2026 earnings at $0.14 EPS, Q3 2026 earnings at $1.32 EPS and FY2026 earnings at $4.48 EPS.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.20. The company had revenue of $931.80 million for the quarter, compared to analyst estimates of $937.17 million. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.70 EPS.

Separately, StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $77.00.

Columbia Sportswear Price Performance

Shares of NASDAQ:COLM opened at $83.48 on Thursday. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 3.47 and a beta of 0.92. Columbia Sportswear has a 1 year low of $73.04 and a 1 year high of $87.23. The business’s 50-day moving average is $81.42 and its 200-day moving average is $81.24.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in COLM. Vanguard Group Inc. raised its stake in shares of Columbia Sportswear by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock valued at $257,373,000 after acquiring an additional 21,104 shares during the period. Tidal Investments LLC bought a new stake in shares of Columbia Sportswear in the 1st quarter valued at about $845,000. Impax Asset Management Group plc lifted its holdings in 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 during the period. International Assets Investment Management LLC bought a new stake in Columbia Sportswear during the third quarter valued at about $7,676,000. Finally, Pacer Advisors Inc. grew its position in shares of Columbia Sportswear by 44.3% in the 2nd quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock worth $117,107,000 after buying an additional 454,738 shares during the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, November 20th. Columbia Sportswear’s payout ratio is currently 33.15%.

Columbia Sportswear Company Profile

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.