FY2017 EPS Estimates for Columbia Sportswear Company (COLM) Cut by Analyst
Columbia Sportswear Company (NASDAQ:COLM) – Analysts at Forward View reduced their FY2017 EPS estimates for Columbia Sportswear in a note issued to investors on Sunday. Forward View analyst N. Yates now anticipates that the textile maker will post earnings of $2.69 per share for the year, down from their previous estimate of $2.81. Forward View also issued estimates for Columbia Sportswear’s Q4 2017 earnings at $1.10 EPS, Q2 2018 earnings at ($0.18) EPS, Q3 2018 earnings at $1.29 EPS and FY2018 earnings at $3.01 EPS.
A number of other equities research analysts have also recently issued reports on COLM. Stifel Nicolaus upped their target price on Columbia Sportswear from $60.00 to $62.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Pivotal Research reaffirmed a “buy” rating and set a $74.00 target price (up previously from $72.00) on shares of Columbia Sportswear in a research report on Friday, October 27th. Canaccord Genuity set a $60.00 target price on Columbia Sportswear and gave the stock a “hold” rating in a research report on Friday, October 27th. FBR & Co reaffirmed a “buy” rating and set a $68.00 target price on shares of Columbia Sportswear in a research report on Friday, October 27th. Finally, Citigroup Inc. upped their target price on Columbia Sportswear from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Columbia Sportswear presently has a consensus rating of “Buy” and an average target price of $64.92.
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Columbia Sportswear (NASDAQ COLM) opened at 62.02 on Wednesday. The firm has a market capitalization of $4.33 billion, a PE ratio of 22.61 and a beta of 0.82. The firm’s 50-day moving average is $60.81 and its 200-day moving average is $57.94. Columbia Sportswear has a 12 month low of $51.56 and a 12 month high of $67.60.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. The firm had revenue of $747.37 million for the quarter, compared to analysts’ expectations of $735.67 million. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.45%. Columbia Sportswear’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.18 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. raised its stake in Columbia Sportswear by 0.3% during the second quarter. Alps Advisors Inc. now owns 8,532 shares of the textile maker’s stock worth $495,000 after acquiring an additional 22 shares in the last quarter. Creative Planning raised its stake in Columbia Sportswear by 2.6% during the second quarter. Creative Planning now owns 2,826 shares of the textile maker’s stock worth $164,000 after acquiring an additional 72 shares in the last quarter. Stifel Financial Corp raised its stake in Columbia Sportswear by 4.1% during the second quarter. Stifel Financial Corp now owns 4,122 shares of the textile maker’s stock worth $240,000 after acquiring an additional 162 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake 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 in the last quarter. Finally, Prudential Financial Inc. raised its stake in Columbia Sportswear by 5.6% during the second quarter. Prudential Financial Inc. now owns 5,143 shares of the textile maker’s stock worth $299,000 after acquiring an additional 275 shares in 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 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 completion of the transaction, the director now directly owns 8,664 shares of the company’s stock, valued at $492,981.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 58.86% of the stock is 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 $0.19 dividend. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 1.22%. The ex-dividend date is Wednesday, November 15th. Columbia Sportswear’s dividend payout ratio (DPR) is 25.81%.
About Columbia Sportswear
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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