What is Seaport Res Ptn’s Estimate for COLM FY2024 Earnings?

Columbia Sportswear (NASDAQ:COLM) – 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) 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.

A number of other research analysts also recently commented on COLM. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Wedbush reissued a “neutral” rating and issued a $80.00 target price on shares of Columbia Sportswear in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $77.00.

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.