Wall Street analysts expect Columbia Sportswear (NASDAQ:COLM) to report sales of $881.48 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Columbia Sportswear’s earnings, with the lowest sales estimate coming in at $865.20 million and the highest estimate coming in at $890.10 million. Columbia Sportswear reported sales of $795.80 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.8%. The business is expected to report its next quarterly earnings report on Thursday, October 24th.
On average, analysts expect that Columbia Sportswear will report full year sales of $3.03 billion for the current fiscal year, with estimates ranging from $3.02 billion to $3.05 billion. For the next fiscal year, analysts forecast that the business will report sales of $3.22 billion, with estimates ranging from $3.16 billion to $3.27 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.23 EPS for the quarter, topping the consensus estimate of $0.01 by $0.22. Columbia Sportswear had a net margin of 10.73% and a return on equity of 18.02%. The firm had revenue of $526.21 million during the quarter, compared to analyst estimates of $507.16 million. During the same quarter in the prior year, the business posted $0.16 earnings per share. Columbia Sportswear’s revenue for the quarter was up 9.3% compared to the same quarter last year.
COLM stock traded down $1.14 on Friday, hitting $101.90. 296,168 shares of the company were exchanged, compared to its average volume of 314,516. Columbia Sportswear has a twelve month low of $80.03 and a twelve month high of $109.74. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.41 and a quick ratio of 2.33. The company has a fifty day simple moving average of $101.67. The firm has a market cap of $7.04 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 1.97 and a beta of 0.67.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Wednesday, August 14th. Columbia Sportswear’s payout ratio is currently 23.94%.
In related news, SVP Douglas H. Morse sold 2,620 shares of the firm’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $105.00, for a total transaction of $275,100.00. Following the completion of the sale, the senior vice president now directly owns 3,553 shares of the company’s stock, valued at approximately $373,065. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andy D. Bryant sold 20,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $107.64, for a total transaction of $2,152,800.00. Following the sale, the director now directly owns 44,990 shares of the company’s stock, valued at $4,842,723.60. The disclosure for this sale can be found here. Insiders sold 90,546 shares of company stock valued at $9,591,071 in the last three months. Company insiders own 56.57% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Financial Gravity Wealth Inc. grew its holdings in Columbia Sportswear by 4,581.8% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 515 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 504 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in shares of Columbia Sportswear in the first quarter worth approximately $61,000. Machina Capital S.A.S. lifted its stake in shares of Columbia Sportswear by 17.9% in the second quarter. Machina Capital S.A.S. now owns 1,000 shares of the textile maker’s stock worth $100,000 after acquiring an additional 152 shares during the period. Anderson Fisher LLC acquired a new position in shares of Columbia Sportswear in the first quarter worth approximately $111,000. Finally, Whittier Trust Co. acquired a new position in shares of Columbia Sportswear in the first quarter worth approximately $156,000. 38.08% of the stock is owned by institutional investors and hedge funds.
Columbia Sportswear Company Profile
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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