Zacks Research Equities Analysts Reduce Earnings Estimates for Columbia Sportswear (NASDAQ:COLM)

Columbia Sportswear (NASDAQ:COLM) – Analysts at Zacks Research dropped their Q3 2024 earnings per share (EPS) estimates for Columbia Sportswear in a report issued on Wednesday, August 14th. Zacks Research analyst V. Bagree now expects that the textile maker will post earnings per share of $1.34 for the quarter, down from their previous forecast of $1.51. The consensus estimate for Columbia Sportswear’s current full-year earnings is $3.85 per share. Zacks Research also issued estimates for Columbia Sportswear’s Q4 2024 earnings at $1.95 EPS, Q1 2025 earnings at $0.62 EPS, Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $1.20 EPS, FY2025 earnings at $4.20 EPS and FY2026 earnings at $4.53 EPS.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.14. The business had revenue of $570.20 million during the quarter, compared to analysts’ expectations of $569.37 million. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The company’s revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 EPS.

Several other research analysts have also commented on COLM. Stifel Nicolaus upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and raised their price target for the stock from $84.00 to $92.00 in a research report on Monday, July 8th. Wedbush reiterated a “neutral” rating and set a $80.00 price target on shares of Columbia Sportswear in a research note on Thursday, July 18th. Finally, StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Columbia Sportswear currently has an average rating of “Hold” and a consensus target price of $77.00.

Columbia Sportswear Stock Performance

NASDAQ:COLM opened at $80.08 on Friday. The stock has a market capitalization of $4.73 billion, a P/E ratio of 19.53, a PEG ratio of 2.94 and a beta of 0.94. Columbia Sportswear has a fifty-two week low of $66.01 and a fifty-two week high of $87.23. The company has a 50 day moving average price of $79.65 and a 200 day moving average price of $80.17.

Institutional Trading of Columbia Sportswear

A number of large investors have recently made changes to their positions in COLM. Pacer Advisors Inc. grew its holdings in Columbia Sportswear by 44.3% during the 2nd quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock worth $117,107,000 after acquiring an additional 454,738 shares in the last quarter. American Century Companies Inc. increased its holdings in Columbia Sportswear by 153.3% in the second quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock valued at $48,722,000 after buying an additional 372,886 shares during the last quarter. Norges Bank acquired a new stake in Columbia Sportswear in the fourth quarter valued at $22,526,000. AQR Capital Management LLC lifted its holdings in Columbia Sportswear by 149.0% during the 2nd quarter. AQR Capital Management LLC now owns 195,933 shares of the textile maker’s stock worth $15,463,000 after buying an additional 117,260 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Columbia Sportswear by 28.3% during the 4th quarter. First Trust Advisors LP now owns 476,608 shares of the textile maker’s stock worth $37,909,000 after acquiring an additional 105,193 shares in the last quarter. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Sportswear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Thursday, August 15th. Columbia Sportswear’s payout ratio is presently 29.27%.

Columbia Sportswear Company Profile

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.