Columbia Sportswear (COLM) to Release Quarterly Earnings on Thursday

Columbia Sportswear (NASDAQ:COLM) will post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Columbia Sportswear to post earnings of $0.36 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, February 1st. The textile maker reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.14). The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Columbia Sportswear had a return on equity of 14.11% and a net margin of 7.21%. On average, analysts expect Columbia Sportswear to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Columbia Sportswear Stock Performance

Shares of Columbia Sportswear stock opened at $75.00 on Thursday. The company has a market cap of $4.54 billion, a P/E ratio of 18.16, a PEG ratio of 3.03 and a beta of 0.94. Columbia Sportswear has a one year low of $66.01 and a one year high of $90.04. The firm has a fifty day moving average of $79.14 and a two-hundred day moving average of $77.68.

Columbia Sportswear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Thursday, March 7th. Columbia Sportswear’s dividend payout ratio (DPR) is 29.06%.

Insiders Place Their Bets

In other news, Director Ronald E. Nelson sold 5,768 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total value of $473,264.40. Following the completion of the sale, the director now directly owns 16,857 shares in the company, valued at $1,383,116.85. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Stephen E. Babson sold 2,411 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $80.98, for a total value of $195,242.78. Following the transaction, the director now owns 122,879 shares in the company, valued at $9,950,741.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronald E. Nelson sold 5,768 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total value of $473,264.40. Following the completion of the transaction, the director now owns 16,857 shares in the company, valued at approximately $1,383,116.85. The disclosure for this sale can be found here. Corporate insiders own 43.00% of the company’s stock.

Hedge Funds Weigh In On Columbia Sportswear

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its holdings in Columbia Sportswear by 19.8% during the first quarter. US Bancorp DE now owns 823 shares of the textile maker’s stock worth $75,000 after buying an additional 136 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Columbia Sportswear by 4.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 3,014 shares of the textile maker’s stock valued at $240,000 after purchasing an additional 142 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Columbia Sportswear by 3.3% during the 4th quarter. Voya Investment Management LLC now owns 5,125 shares of the textile maker’s stock valued at $449,000 after purchasing an additional 165 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Columbia Sportswear by 0.3% during the 2nd quarter. Alliancebernstein L.P. now owns 51,469 shares of the textile maker’s stock valued at $3,975,000 after purchasing an additional 177 shares in the last quarter. Finally, Mariner LLC lifted its holdings in shares of Columbia Sportswear by 5.3% during the 4th quarter. Mariner LLC now owns 3,648 shares of the textile maker’s stock valued at $320,000 after purchasing an additional 183 shares in the last quarter. Institutional investors own 47.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on COLM shares. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. UBS Group reduced their price target on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $78.00.

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.