Columbia Sportswear (NASDAQ:COLM) Announces Quarterly Earnings Results

Columbia Sportswear (NASDAQ:COLM) posted its earnings results on Thursday. The textile maker reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.14, Briefing.com reports. The firm had revenue of $570.20 million during the quarter, compared to the consensus estimate of $569.37 million. Columbia Sportswear had a return on equity of 12.85% and a net margin of 6.72%. The business’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share.

Columbia Sportswear Price Performance

NASDAQ COLM opened at $76.38 on Friday. The business has a 50 day simple moving average of $80.93 and a 200 day simple moving average of $79.99. Columbia Sportswear has a one year low of $66.01 and a one year high of $87.23. The stock has a market capitalization of $4.52 billion, a P/E ratio of 18.63, a P/E/G ratio of 3.18 and a beta of 0.94.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.20 annualized dividend and a yield of 1.57%. Columbia Sportswear’s dividend payout ratio is currently 29.27%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

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

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.