Analysts Anticipate Columbia Sportswear Company (COLM) Will Post Quarterly Sales of $394.10 Million
Equities analysts forecast that Columbia Sportswear Company (NASDAQ:COLM) will report sales of $394.10 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Columbia Sportswear’s earnings. The lowest sales estimate is $390.10 million and the highest is $397.60 million. Columbia Sportswear reported sales of $388.75 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.4%. The company is scheduled to announce its next earnings report after the market closes on Thursday, July 27th.
On average, analysts expect that Columbia Sportswear will report full-year sales of $394.10 million for the current year, with estimates ranging from $2.44 billion to $2.46 billion. For the next year, analysts forecast that the company will report sales of $2.58 billion per share, with estimates ranging from $2.56 billion to $2.64 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, April 27th. The textile maker reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.10. The firm had revenue of $543.80 million for the quarter, compared to analysts’ expectations of $533.82 million. Columbia Sportswear had a net margin of 8.19% and a return on equity of 12.80%. Columbia Sportswear’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS.
Several analysts have weighed in on the company. Zacks Investment Research raised Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Forward View cut Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Saturday, May 13th. Goldman Sachs Group, Inc. (The) cut Columbia Sportswear from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, May 23rd. Canaccord Genuity cut Columbia Sportswear from a “buy” rating to a “hold” rating and lowered their price target for the company from $64.00 to $60.00 in a research note on Friday, April 28th. Finally, Cowen and Company set a $58.00 price target on Columbia Sportswear and gave the company a “hold” rating in a research note on Wednesday. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Columbia Sportswear currently has a consensus rating of “Hold” and a consensus price target of $63.83.
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In related news, Director Edward S. George sold 1,776 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $53.59, for a total value of $95,175.84. Following the transaction, the director now owns 2,000 shares in the company, valued at $107,180. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 58.86% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of COLM. BlackRock Inc. boosted its position in shares of Columbia Sportswear by 78,608.2% in the first quarter. BlackRock Inc. now owns 1,635,556 shares of the textile maker’s stock worth $96,089,000 after buying an additional 1,633,478 shares during the last quarter. Vanguard Group Inc. raised its stake in Columbia Sportswear by 31.7% in the first quarter. Vanguard Group Inc. now owns 2,774,168 shares of the textile maker’s stock valued at $162,982,000 after buying an additional 667,856 shares during the period. American Century Companies Inc. acquired a new stake in Columbia Sportswear during the first quarter valued at $24,494,000. Victory Capital Management Inc. raised its stake in Columbia Sportswear by 78.4% in the first quarter. Victory Capital Management Inc. now owns 910,295 shares of the textile maker’s stock valued at $53,480,000 after buying an additional 400,145 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Columbia Sportswear during the first quarter valued at $16,239,000. Institutional investors own 39.35% of the company’s stock.
Shares of Columbia Sportswear (COLM) traded down 0.53% during trading on Friday, hitting $57.64. 194,698 shares of the stock traded hands. The company has a market cap of $4.02 billion, a PE ratio of 20.73 and a beta of 0.79. The company has a 50 day moving average of $56.55 and a 200-day moving average of $56.38. Columbia Sportswear has a 1-year low of $51.56 and a 1-year high of $63.55.
Columbia Sportswear Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
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