Columbia Sportswear (NASDAQ:COLM) Updates FY18 Earnings Guidance

Columbia Sportswear (NASDAQ:COLM) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.37-3.47 for the period, compared to the Thomson Reuters consensus estimate of $3.34. The company issued revenue guidance of $2.69-2.73 billion (+9-10.5%), compared to the consensus revenue estimate of $2.70 billion.

Columbia Sportswear opened at $90.13 on Friday, MarketBeat Ratings reports. Columbia Sportswear has a 52-week low of $54.89 and a 52-week high of $95.58. The stock has a market cap of $6.34 billion, a P/E ratio of 25.98, a PEG ratio of 2.43 and a beta of 0.87.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, July 26th. The textile maker reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.26. Columbia Sportswear had a return on equity of 14.79% and a net margin of 5.19%. The firm had revenue of $481.62 million during the quarter, compared to analysts’ expectations of $453.27 million. During the same period in the prior year, the firm posted ($0.17) earnings per share. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. analysts anticipate that Columbia Sportswear will post 3.45 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 30th. Investors of record on Thursday, August 16th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $0.88 annualized dividend and a yield of 0.98%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 29.53%.

Columbia Sportswear announced that its board has initiated a share buyback plan on Monday, August 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the textile maker to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

A number of analysts have recently issued reports on the company. B. Riley reaffirmed a neutral rating and issued a $84.00 price objective (up from $81.00) on shares of Columbia Sportswear in a research report on Wednesday, July 18th. Robert W. Baird raised their price objective on Columbia Sportswear from $95.00 to $105.00 and gave the company an outperform rating in a research report on Tuesday, July 24th. FBR & Co cut Columbia Sportswear from an outperform rating to a $93.43 rating and set a $84.00 price objective for the company. in a research report on Wednesday, July 18th. BidaskClub cut Columbia Sportswear from a strong-buy rating to a buy rating in a research report on Wednesday, July 25th. Finally, Pivotal Research cut Columbia Sportswear from a buy rating to a hold rating and lifted their price target for the stock from $95.00 to $96.00 in a report on Wednesday, July 25th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $88.13.

In other news, Director Andy D. Bryant sold 19,946 shares of Columbia Sportswear stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $85.35, for a total value of $1,702,391.10. Following the transaction, the director now owns 46,277 shares in the company, valued at approximately $3,949,741.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Peter J. Bragdon sold 12,005 shares of Columbia Sportswear stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $89.09, for a total value of $1,069,525.45. Following the completion of the transaction, the chief accounting officer now owns 31,845 shares in the company, valued at approximately $2,837,071.05. The disclosure for this sale can be found here. Company insiders own 56.68% of the company’s stock.

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, 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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Earnings History and Estimates for Columbia Sportswear (NASDAQ:COLM)

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