Seaport Res Ptn Equities Analysts Cut Earnings Estimates for Columbia Sportswear (NASDAQ:COLM)

Columbia Sportswear (NASDAQ:COLM) – Seaport Res Ptn decreased their Q1 2024 earnings estimates for shares of Columbia Sportswear in a report issued on Monday, April 22nd. Seaport Res Ptn analyst M. Kummetz now expects that the textile maker will post earnings per share of $0.38 for the quarter, down from their previous estimate of $0.41. The consensus estimate for Columbia Sportswear’s current full-year earnings is $3.70 per share. Seaport Res Ptn also issued estimates for Columbia Sportswear’s Q3 2024 earnings at $1.50 EPS, FY2024 earnings at $3.65 EPS, FY2025 earnings at $4.10 EPS and FY2026 earnings at $4.58 EPS.

Several other brokerages have also recently weighed in on COLM. UBS Group decreased their target price on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a research note on Friday, February 2nd. StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $78.00.

Columbia Sportswear Stock Performance

Shares of NASDAQ COLM opened at $79.78 on Wednesday. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $89.11. The stock has a fifty day moving average price of $78.91 and a two-hundred day moving average price of $77.90. The firm has a market cap of $4.74 billion, a P/E ratio of 19.34, a PEG ratio of 3.15 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, February 1st. The textile maker reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.14). Columbia Sportswear had a net margin of 7.21% and a return on equity of 14.11%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.08 billion.

Hedge Funds Weigh In On Columbia Sportswear

Several institutional investors and hedge funds have recently bought and sold shares of COLM. Louisiana State Employees Retirement System boosted its holdings in shares of Columbia Sportswear by 2.1% during the first quarter. Louisiana State Employees Retirement System now owns 9,900 shares of the textile maker’s stock worth $804,000 after purchasing an additional 200 shares during the period. Leeward Investments LLC MA grew its holdings 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 acquiring an additional 5,444 shares in the last quarter. State of Michigan Retirement System increased its stake in shares of Columbia Sportswear by 2.4% in the first quarter. State of Michigan Retirement System now owns 8,474 shares of the textile maker’s stock worth $688,000 after acquiring an additional 200 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Columbia Sportswear during the first quarter worth $64,000. Finally, Kapitalo Investimentos Ltda boosted its position in Columbia Sportswear by 9.9% during the fourth quarter. Kapitalo Investimentos Ltda now owns 3,694 shares of the textile maker’s stock valued at $294,000 after purchasing an additional 332 shares during the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Insider Buying and Selling

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

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a $0.30 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.50%. Columbia Sportswear’s dividend payout ratio (DPR) is 29.06%.

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.