Columbia Sportswear (COLM) Set to Announce Earnings on Thursday

Columbia Sportswear (NASDAQ:COLM) is set to release its earnings data after the market closes on Thursday, July 25th. Analysts expect Columbia Sportswear to post earnings of ($0.30) per share for the quarter. Columbia Sportswear has set its FY 2024 guidance at 3.650-4.050 EPS.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 earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.36. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The company had revenue of $769.98 million during the quarter, compared to analysts’ expectations of $740.62 million. During the same quarter in the previous year, the business posted $0.74 earnings per share. Columbia Sportswear’s quarterly revenue was down 6.2% on a year-over-year basis. 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

NASDAQ:COLM opened at $78.75 on Wednesday. Columbia Sportswear has a 52 week low of $66.01 and a 52 week high of $87.23. The firm’s 50-day simple moving average is $81.44 and its 200 day simple moving average is $80.00. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 3.20 and a beta of 0.94.

Insider Activity

In related news, Director Sabrina Simmons sold 523 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total transaction of $42,729.10. Following the completion of the transaction, the director now directly owns 6,483 shares in the company, valued at approximately $529,661.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Sabrina Simmons sold 523 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total transaction of $42,729.10. Following the sale, the director now owns 6,483 shares of the company’s stock, valued at approximately $529,661.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jim A. Swanson sold 7,199 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $77.50, for a total value of $557,922.50. Following the completion of the transaction, the chief financial officer now directly owns 9,423 shares of the company’s stock, valued at approximately $730,282.50. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on COLM. Wedbush reaffirmed a “neutral” rating and set a $80.00 target price on shares of Columbia Sportswear in a report on Thursday, July 18th. Stifel Nicolaus raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and upped their price target for the stock from $84.00 to $92.00 in a report on Monday, July 8th. Finally, StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Monday, June 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $78.20.

About Columbia Sportswear

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.