Seaport Res Ptn Analysts Lower Earnings Estimates for COLM

Columbia Sportswear (NASDAQ:COLM) – Equities researchers at Seaport Res Ptn cut their Q3 2024 earnings per share (EPS) estimates for shares of Columbia Sportswear in a report released on Tuesday, October 22nd. Seaport Res Ptn analyst M. Kummetz now anticipates that the textile maker will post earnings of $1.40 per share for the quarter, down from their previous forecast of $1.43. The consensus estimate for Columbia Sportswear’s current full-year earnings is $3.84 per share. Seaport Res Ptn also issued estimates for Columbia Sportswear’s Q4 2024 earnings at $1.75 EPS, FY2024 earnings at $3.65 EPS and FY2025 earnings at $3.97 EPS.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.14. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The firm had revenue of $570.20 million during the quarter, compared to the consensus estimate of $569.37 million. During the same period in the previous year, the firm posted $0.14 EPS. The company’s quarterly revenue was down 8.2% compared to the same quarter last year.

Several other research analysts also recently issued reports on the company. Stifel Nicolaus upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $84.00 to $92.00 in a research report on Monday, July 8th. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. Finally, Wedbush reiterated a “neutral” rating and issued a $80.00 price target on shares of Columbia Sportswear in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Columbia Sportswear has a consensus rating of “Hold” and an average target price of $77.00.

Columbia Sportswear Price Performance

Shares of Columbia Sportswear stock opened at $76.78 on Thursday. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $87.23. The company has a market capitalization of $4.54 billion, a P/E ratio of 18.73, a P/E/G ratio of 3.00 and a beta of 0.92. The business has a 50 day moving average price of $81.42 and a 200 day moving average price of $80.73.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of COLM. State of Michigan Retirement System raised its holdings in Columbia Sportswear by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 8,474 shares of the textile maker’s stock valued at $688,000 after acquiring an additional 200 shares during the last quarter. Leeward Investments LLC MA grew its stake in shares of Columbia Sportswear by 4.0% during the 1st quarter. Leeward Investments LLC MA now owns 141,853 shares of the textile maker’s stock valued at $11,516,000 after buying an additional 5,444 shares during the period. Principal Financial Group Inc. grew its stake in shares of Columbia Sportswear by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 129,929 shares of the textile maker’s stock valued at $10,548,000 after buying an additional 3,231 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Columbia Sportswear during the 1st quarter valued at $970,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Columbia Sportswear by 67.5% during the 1st quarter. BNP Paribas Financial Markets now owns 97,166 shares of the textile maker’s stock valued at $7,888,000 after buying an additional 39,150 shares during the period. 47.76% of the stock is currently owned by institutional investors and hedge funds.

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.