Columbia Sportswear Company (COLM) to Post FY2018 Earnings of $2.99 Per Share, FBR & Co Forecasts
Columbia Sportswear Company (NASDAQ:COLM) – Analysts at FBR & Co upped their FY2018 earnings per share estimates for shares of Columbia Sportswear in a research report issued on Thursday. FBR & Co analyst S. Anderson now forecasts that the textile maker will earn $2.99 per share for the year, up from their prior forecast of $2.79.
Other research analysts also recently issued research reports about the company. Robert W. Baird restated a “buy” rating and issued a $68.00 target price on shares of Columbia Sportswear in a research note on Sunday. Stifel Nicolaus set a $60.00 price target on Columbia Sportswear and gave the stock a “hold” rating in a research note on Sunday, July 30th. Cowen and Company set a $58.00 price target on Columbia Sportswear and gave the stock a “hold” rating in a research note on Wednesday, July 19th. Buckingham Research reiterated a “neutral” rating and set a $58.00 price target on shares of Columbia Sportswear in a research note on Monday, July 17th. Finally, Canaccord Genuity reiterated a “neutral” rating on shares of Columbia Sportswear in a research note on Wednesday, July 26th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Columbia Sportswear currently has a consensus rating of “Buy” and a consensus target price of $63.92.
Columbia Sportswear (NASDAQ:COLM) opened at 61.83 on Monday. Columbia Sportswear has a 1-year low of $51.56 and a 1-year high of $63.55. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 22.54 and a beta of 0.82. The stock has a 50 day moving average price of $59.88 and a 200 day moving average price of $57.68.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, July 27th. The textile maker reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.03. The business had revenue of $398.90 million for the quarter, compared to analyst estimates of $394.53 million. Columbia Sportswear had a negative return on equity of 2.97% and a negative net margin of 2.84%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.12) EPS.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of Columbia Sportswear during the 1st quarter worth about $114,000. Ameritas Investment Partners Inc. lifted its position in shares of Columbia Sportswear by 10.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock worth $149,000 after purchasing an additional 234 shares during the last quarter. Creative Planning lifted its position in shares of Columbia Sportswear by 2.6% during the 2nd quarter. Creative Planning now owns 2,826 shares of the textile maker’s stock worth $164,000 after purchasing an additional 72 shares during the last quarter. Advisor Group Inc. lifted its position in shares of Columbia Sportswear by 11.2% during the 2nd quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock worth $195,000 after purchasing an additional 339 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Columbia Sportswear by 36.1% during the 2nd quarter. US Bancorp DE now owns 3,564 shares of the textile maker’s stock worth $207,000 after purchasing an additional 946 shares during the last quarter. 38.65% of the stock is owned by institutional investors and hedge funds.
In related news, Director Edward S. George sold 6,664 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $56.90, for a total transaction of $379,181.60. Following the completion of the transaction, the director now owns 8,664 shares of the company’s stock, valued at approximately $492,981.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 58.86% of the stock is currently owned by insiders.
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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