Columbia Sportswear (NASDAQ:COLM – Free Report) – Wedbush issued their Q2 2024 earnings estimates for Columbia Sportswear in a note issued to investors on Thursday, July 18th. Wedbush analyst T. Nikic forecasts that the textile maker will earn ($0.33) per share for the quarter. Wedbush currently has a “Neutral” rating and a $80.00 target price on the stock. The consensus estimate for Columbia Sportswear’s current full-year earnings is $3.87 per share. Wedbush also issued estimates for Columbia Sportswear’s Q3 2024 earnings at $1.59 EPS, Q4 2024 earnings at $1.96 EPS, FY2024 earnings at $3.90 EPS and FY2025 earnings at $4.44 EPS.
Other analysts have also issued reports about the stock. StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Monday, June 3rd. 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 research report on Monday, July 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $78.20.
Read Our Latest Stock Analysis on COLM
Columbia Sportswear Trading Down 1.8 %
COLM opened at $77.63 on Monday. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 3.21 and a beta of 0.94. Columbia Sportswear has a 12-month low of $66.01 and a 12-month high of $87.23. The business’s fifty day simple moving average is $81.57 and its 200-day simple moving average is $79.99.
Columbia Sportswear (NASDAQ:COLM – Get Free Report) last issued its earnings results on Thursday, April 25th. The textile maker reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.36. The business had revenue of $769.98 million for the quarter, compared to analyst estimates of $740.62 million. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the company posted $0.74 earnings per share.
Insider Buying and Selling at Columbia Sportswear
In other news, Director Sabrina Simmons sold 523 shares of Columbia Sportswear stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total value of $42,729.10. Following the transaction, the director now owns 6,483 shares of the company’s stock, valued at approximately $529,661.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other 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 value of $42,729.10. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jim A. Swanson sold 7,199 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $77.50, for a total value of $557,922.50. Following the transaction, the chief financial officer now directly owns 9,423 shares in the company, valued at $730,282.50. The disclosure for this sale can be found here. Insiders own 44.70% of the company’s stock.
Hedge Funds Weigh In On Columbia Sportswear
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Boston Trust Walden Corp raised its holdings in shares of Columbia Sportswear by 30.9% in the fourth quarter. Boston Trust Walden Corp now owns 1,294,410 shares of the textile maker’s stock worth $102,957,000 after buying an additional 305,592 shares during the last quarter. Norges Bank acquired a new stake in Columbia Sportswear during the 4th quarter worth about $22,526,000. First Trust Advisors LP grew its stake in Columbia Sportswear by 28.3% during the 4th quarter. First Trust Advisors LP now owns 476,608 shares of the textile maker’s stock valued at $37,909,000 after purchasing an additional 105,193 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Columbia Sportswear by 10.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,128,258 shares of the textile maker’s stock valued at $89,745,000 after purchasing an additional 104,100 shares during the period. Finally, Verition Fund Management LLC raised its stake in shares of Columbia Sportswear by 1,128.3% in the fourth quarter. Verition Fund Management LLC now owns 110,106 shares of the textile maker’s stock worth $8,758,000 after purchasing an additional 101,142 shares during the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.
Columbia Sportswear Company Profile
(Get Free Report)
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.
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