Columbia Sportswear (NASDAQ:COLM) Expected to Earn Q4 2024 Earnings of $2.00 Per Share

Columbia Sportswear (NASDAQ:COLM) – Research analysts at Seaport Res Ptn increased their Q4 2024 EPS estimates for Columbia Sportswear in a research note issued to investors on Thursday, April 25th. Seaport Res Ptn analyst M. Kummetz now forecasts that the textile maker will earn $2.00 per share for the quarter, up from their previous estimate of $1.99. The consensus estimate for Columbia Sportswear’s current full-year earnings is $3.69 per share. Seaport Res Ptn also issued estimates for Columbia Sportswear’s FY2026 earnings at $4.52 EPS.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, April 25th. The textile maker reported $0.71 EPS for the quarter, topping the consensus estimate of $0.35 by $0.36. Columbia Sportswear had a return on equity of 13.99% and a net margin of 7.20%. The business had revenue of $769.98 million for the quarter, compared to analysts’ expectations of $740.62 million. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The company’s revenue was down 6.2% compared to the same quarter last year.

A number of other brokerages also recently weighed in on COLM. Stifel Nicolaus boosted their price target on Columbia Sportswear from $75.00 to $84.00 and gave the company a “hold” rating in a report on Friday. StockNews.com cut Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, UBS Group dropped 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 investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, Columbia Sportswear presently has a consensus rating of “Hold” and a consensus target price of $75.75.

Columbia Sportswear Trading Up 1.3 %

Shares of NASDAQ:COLM opened at $80.00 on Monday. The company has a fifty day simple moving average of $78.80 and a 200 day simple moving average of $78.09. The firm has a market cap of $4.76 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 3.28 and a beta of 0.94. Columbia Sportswear has a 12-month low of $66.01 and a 12-month high of $88.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Venturi Wealth Management LLC lifted its holdings in Columbia Sportswear by 76.2% in the 4th quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock worth $36,000 after purchasing an additional 195 shares during the last quarter. TFO Wealth Partners LLC boosted its position in shares of Columbia Sportswear by 11,725.0% in the fourth quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock valued at $38,000 after acquiring an additional 469 shares during the period. Fifth Third Bancorp increased its position in Columbia Sportswear by 44.3% during the third quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock worth $37,000 after acquiring an additional 154 shares during the period. Signaturefd LLC boosted its holdings in Columbia Sportswear by 125.7% in the 3rd quarter. Signaturefd LLC now owns 607 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 338 shares during the period. Finally, Quent Capital LLC increased its holdings in shares of Columbia Sportswear by 79.6% during the 4th quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock worth $49,000 after purchasing an additional 273 shares during the period. Institutional investors own 47.76% of the company’s stock.

Insider Activity

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

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a $0.30 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 29.27%.

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.