Columbia Sportswear Company to Post Q4 2018 Earnings of $1.33 Per Share, Forward View Forecasts (COLM)
Columbia Sportswear Company (NASDAQ:COLM) – Analysts at Forward View upped their Q4 2018 earnings estimates for shares of Columbia Sportswear in a research note issued to investors on Sunday. Forward View analyst N. Yates now forecasts that the textile maker will earn $1.33 per share for the quarter, up from their prior estimate of $1.32.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly 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. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.45%. The company had revenue of $747.37 million for the quarter, compared to the consensus estimate of $735.67 million. During the same quarter in the prior year, the company earned $1.18 EPS. Columbia Sportswear’s quarterly revenue was up .2% on a year-over-year basis.
Several other research firms have also commented on COLM. Canaccord Genuity set a $60.00 price target on Columbia Sportswear and gave the stock a “hold” rating in a research report on Friday. Citigroup Inc. boosted their target price on Columbia Sportswear from $68.00 to $73.00 and gave the company a “buy” rating in a report on Friday. Stifel Nicolaus boosted their target price on Columbia Sportswear from $60.00 to $62.00 and gave the company a “hold” rating in a report on Friday. Pivotal Research reissued a “buy” rating and issued a $74.00 target price (up previously from $72.00) on shares of Columbia Sportswear in a report on Friday. Finally, FBR & Co reissued a “buy” rating and issued a $68.00 target price on shares of Columbia Sportswear in a report on Friday. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $64.92.
Shares of Columbia Sportswear (NASDAQ:COLM) traded down 1.785% during trading on Tuesday, reaching $62.455. 286,868 shares of the company traded hands. Columbia Sportswear has a 1-year low of $51.56 and a 1-year high of $67.60. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 22.769 and a beta of 0.82. The stock’s 50 day moving average is $60.70 and its 200 day moving average is $57.91.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.20%. Columbia Sportswear’s payout ratio is 25.81%.
In related news, Director Edward S. George sold 6,664 shares of Columbia Sportswear stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $56.90, for a total value of $379,181.60. Following the sale, the director now directly owns 8,664 shares in the company, valued at $492,981.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 58.86% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Marshall Wace North America L.P. purchased a new stake in Columbia Sportswear during the second quarter worth $3,918,000. Vanguard Group Inc. boosted its position in Columbia Sportswear by 31.7% during the first quarter. Vanguard Group Inc. now owns 2,774,168 shares of the textile maker’s stock worth $162,982,000 after purchasing an additional 667,856 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Columbia Sportswear by 6.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 197,865 shares of the textile maker’s stock worth $11,625,000 after purchasing an additional 12,355 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Columbia Sportswear by 8.7% during the second quarter. JPMorgan Chase & Co. now owns 1,640,985 shares of the textile maker’s stock worth $95,276,000 after purchasing an additional 131,329 shares in the last quarter. Finally, Harfst & Associates Inc. purchased a new stake in Columbia Sportswear during the second quarter worth $334,000. Institutional investors own 38.94% of the company’s stock.
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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