Analysts expect that Columbia Sportswear (NASDAQ:COLM) will report $507.43 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Columbia Sportswear’s earnings. The lowest sales estimate is $503.07 million and the highest is $510.10 million. Columbia Sportswear posted sales of $481.62 million during the same quarter last year, which would indicate a positive year over year growth rate of 5.4%. The firm is scheduled to issue its next earnings results on Thursday, July 25th.
On average, analysts expect that Columbia Sportswear will report full-year sales of $3.02 billion for the current fiscal year, with estimates ranging from $3.02 billion to $3.04 billion. For the next fiscal year, analysts expect that the firm will post sales of $3.22 billion, with estimates ranging from $3.20 billion to $3.26 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, April 25th. The textile maker reported $1.07 EPS for the quarter, beating the consensus estimate of $0.84 by $0.23. Columbia Sportswear had a return on equity of 17.89% and a net margin of 10.43%. The firm had revenue of $654.61 million during the quarter, compared to analysts’ expectations of $646.77 million. During the same period in the prior year, the firm posted $0.77 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year.
In other news, Director Walter Klenz sold 6,754 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $105.87, for a total transaction of $715,045.98. Following the transaction, the director now owns 15,678 shares in the company, valued at $1,659,829.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joseph P. Boyle sold 13,013 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $106.00, for a total value of $1,379,378.00. Following the transaction, the executive vice president now owns 2,313,048 shares in the company, valued at approximately $245,183,088. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,837 shares of company stock valued at $4,853,186. Insiders own 56.57% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc lifted its holdings in Columbia Sportswear by 2.2% in the 3rd quarter. Legal & General Group Plc now owns 13,842 shares of the textile maker’s stock valued at $1,289,000 after purchasing an additional 292 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Columbia Sportswear during the 4th quarter valued at about $4,454,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Columbia Sportswear by 31.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,466 shares of the textile maker’s stock valued at $207,000 after acquiring an additional 588 shares during the last quarter. GWM Advisors LLC acquired a new position in shares of Columbia Sportswear during the 4th quarter valued at about $1,300,000. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Columbia Sportswear by 18.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,015 shares of the textile maker’s stock valued at $254,000 after acquiring an additional 479 shares during the last quarter. Institutional investors own 37.89% of the company’s stock.
Shares of NASDAQ COLM opened at $97.60 on Tuesday. Columbia Sportswear has a 52 week low of $80.03 and a 52 week high of $109.74. The company has a quick ratio of 2.33, a current ratio of 3.41 and a debt-to-equity ratio of 0.20. The company has a market cap of $6.64 billion, a P/E ratio of 24.34, a P/E/G ratio of 2.39 and a beta of 0.64.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a $0.24 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.98%. Columbia Sportswear’s payout ratio is 23.94%.
About Columbia Sportswear
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East and Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.
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