Columbia Sportswear (NASDAQ:COLM) Releases Earnings Results, Beats Estimates By $0.18 EPS

Columbia Sportswear (NASDAQ:COLMGet Rating) released its quarterly earnings data on Thursday. The textile maker reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.18, MarketWatch Earnings reports. The company had revenue of $761.50 million for the quarter, compared to the consensus estimate of $762.88 million. Columbia Sportswear had a return on equity of 18.64% and a net margin of 11.33%. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period last year, the business posted $0.84 EPS. Columbia Sportswear updated its FY22 guidance to $5.70-6.00 EPS.

COLM stock traded down $6.10 during midday trading on Friday, hitting $82.16. 1,193,072 shares of the company’s stock were exchanged, compared to its average volume of 285,877. Columbia Sportswear has a 12-month low of $80.02 and a 12-month high of $110.44. The firm has a 50 day moving average price of $89.68 and a 200-day moving average price of $94.84. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 1.67 and a beta of 0.90.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Shareholders of record on Thursday, May 19th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 18th. This represents a $1.20 annualized dividend and a yield of 1.46%. Columbia Sportswear’s dividend payout ratio is presently 21.62%.

Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its position in shares of Columbia Sportswear by 3.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 147,522 shares of the textile maker’s stock worth $14,375,000 after acquiring an additional 5,345 shares in the last quarter. Morgan Stanley grew its position in shares of Columbia Sportswear by 106.0% in the 2nd quarter. Morgan Stanley now owns 130,478 shares of the textile maker’s stock worth $12,834,000 after acquiring an additional 67,154 shares in the last quarter. Legal & General Group Plc grew its position in shares of Columbia Sportswear by 1.1% in the 4th quarter. Legal & General Group Plc now owns 51,537 shares of the textile maker’s stock worth $5,022,000 after acquiring an additional 576 shares in the last quarter. Stifel Financial Corp grew its position in shares of Columbia Sportswear by 9.3% in the 4th quarter. Stifel Financial Corp now owns 46,827 shares of the textile maker’s stock worth $4,563,000 after acquiring an additional 3,981 shares in the last quarter. Finally, Amalgamated Bank grew its position in shares of Columbia Sportswear by 2.3% in the 4th quarter. Amalgamated Bank now owns 26,412 shares of the textile maker’s stock worth $2,574,000 after acquiring an additional 606 shares in the last quarter. Institutional investors own 53.95% of the company’s stock.

A number of equities analysts have recently commented on COLM shares. Wolfe Research downgraded Columbia Sportswear to a “neutral” rating in a report on Tuesday, January 4th. Robert W. Baird dropped their target price on Columbia Sportswear from $110.00 to $100.00 in a report on Friday. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research downgraded Columbia Sportswear from a “buy” rating to a “hold” rating and set a $92.00 target price on the stock. in a report on Tuesday, April 12th. Finally, Seaport Res Ptn upgraded Columbia Sportswear from a “neutral” rating to a “buy” rating in a report on Friday, January 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Columbia Sportswear has a consensus rating of “Hold” and a consensus price target of $104.57.

Columbia Sportswear Company Profile (Get Rating)

Columbia Sportswear Company, together with its subsidiaries, designs, sources, 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 that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.

See Also

Earnings History for Columbia Sportswear (NASDAQ:COLM)

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