Columbia Sportswear Company (NASDAQ:COLM) – Equities research analysts at Wedbush cut their Q4 2017 earnings per share estimates for shares of Columbia Sportswear in a research note issued on Friday. Wedbush analyst C. Svezia now forecasts that the textile maker will post earnings per share of $1.08 for the quarter, down from their prior forecast of $1.29. Wedbush also issued estimates for Columbia Sportswear’s Q1 2018 earnings at $0.54 EPS, Q3 2018 earnings at $1.41 EPS, Q4 2018 earnings at $1.21 EPS and FY2018 earnings at $2.96 EPS.

Other analysts have also issued reports about the stock. Canaccord Genuity reiterated a “neutral” rating on shares of Columbia Sportswear in a research report on Wednesday, July 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $60.00 price target on shares of Columbia Sportswear in a research report on Wednesday, October 4th. Pivotal Research reiterated a “buy” rating and issued a $74.00 price target (up from $72.00) on shares of Columbia Sportswear in a research report on Friday. Zacks Investment Research upgraded shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $68.00 price target on shares of Columbia Sportswear in a research report on Sunday, September 17th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Columbia Sportswear has a consensus rating of “Buy” and a consensus price target of $64.92.

ILLEGAL ACTIVITY NOTICE: This piece of content was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of international trademark & copyright legislation. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/30/wedbush-equities-analysts-lower-earnings-estimates-for-columbia-sportswear-company-colm.html.

Columbia Sportswear (NASDAQ:COLM) opened at 65.14 on Monday. Columbia Sportswear has a one year low of $51.56 and a one year high of $67.60. The firm has a market capitalization of $4.54 billion, a PE ratio of 23.75 and a beta of 0.82. The stock’s 50 day moving average price is $60.56 and its 200 day moving average price is $57.88.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, October 26th. The textile maker reported $1.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.10. The business had revenue of $747.37 million for the quarter, compared to analysts’ expectations of $735.67 million. Columbia Sportswear had a return on equity of 12.45% and a net margin of 8.18%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.18 EPS.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its position in Columbia Sportswear by 14.8% during the third quarter. Victory Capital Management Inc. now owns 1,072,520 shares of the textile maker’s stock worth $66,046,000 after acquiring an additional 137,900 shares during the last quarter. First Midwest Bank Trust Division boosted its position in Columbia Sportswear by 4.9% during the third quarter. First Midwest Bank Trust Division now owns 18,552 shares of the textile maker’s stock worth $1,142,000 after acquiring an additional 863 shares during the last quarter. Strs Ohio boosted its position in Columbia Sportswear by 4,475.0% during the third quarter. Strs Ohio now owns 18,300 shares of the textile maker’s stock worth $1,126,000 after acquiring an additional 17,900 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in Columbia Sportswear by 10.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock worth $149,000 after acquiring an additional 234 shares during the last quarter. Finally, Martin & Co. Inc. TN boosted its position in Columbia Sportswear by 3.3% during the second quarter. Martin & Co. Inc. TN now owns 36,845 shares of the textile maker’s stock worth $2,139,000 after acquiring an additional 1,175 shares during the last quarter. Hedge funds and other institutional investors own 38.94% of the company’s stock.

In related news, Director Edward S. George sold 6,664 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $56.90, for a total transaction of $379,181.60. Following the sale, the director now owns 8,664 shares in the company, valued at $492,981.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 58.86% of the stock is currently owned by company insiders.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.17%. This is a positive change from Columbia Sportswear’s previous quarterly dividend of $0.18. Columbia Sportswear’s dividend payout ratio (DPR) is 25.81%.

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.

Earnings History and Estimates for Columbia Sportswear (NASDAQ:COLM)

Receive News & Ratings for Columbia Sportswear Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Sportswear Company and related companies with MarketBeat.com's FREE daily email newsletter.