Columbia Sportswear (COLM) Expected to Post Quarterly Sales of $761.69 Million

Equities research analysts expect Columbia Sportswear (NASDAQ:COLM) to announce $761.69 million in sales for the current quarter, according to Zacks. Seven analysts have made estimates for Columbia Sportswear’s earnings. The lowest sales estimate is $751.00 million and the highest is $767.50 million. Columbia Sportswear posted sales of $717.45 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.2%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Thursday, February 8th.

On average, analysts expect that Columbia Sportswear will report full year sales of $761.69 million for the current fiscal year, with estimates ranging from $2.44 billion to $2.46 billion. For the next financial year, analysts forecast that the business will post sales of $2.58 billion per share, with estimates ranging from $2.57 billion to $2.61 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Columbia Sportswear.

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, topping the consensus estimate of $1.15 by $0.10. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. The company had revenue of $747.37 million for the quarter, compared to analysts’ expectations of $735.67 million. During the same quarter in the previous year, the business posted $1.18 earnings per share. Columbia Sportswear’s quarterly revenue was up .2% on a year-over-year basis.

Several brokerages recently weighed in on COLM. Zacks Investment Research cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Canaccord Genuity set a $66.00 price target on shares of Columbia Sportswear and gave the stock a “hold” rating in a research report on Sunday, January 7th. BidaskClub cut shares of Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. Citigroup restated a “buy” rating and issued a $82.00 price target on shares of Columbia Sportswear in a research report on Tuesday, December 19th. Finally, Stifel Nicolaus set a $74.00 price target on shares of Columbia Sportswear and gave the stock a “hold” rating in a research report on Friday, December 15th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Columbia Sportswear currently has an average rating of “Buy” and an average price target of $70.93.

Shares of Columbia Sportswear (NASDAQ:COLM) opened at $73.91 on Monday. Columbia Sportswear has a 1 year low of $51.56 and a 1 year high of $74.64. The firm has a market cap of $5,164.54, a price-to-earnings ratio of 26.49, a P/E/G ratio of 2.45 and a beta of 0.88.

In other news, Director Walter Klenz sold 11,608 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $66.05, for a total transaction of $766,708.40. Following the completion of the sale, the director now directly owns 21,619 shares of the company’s stock, valued at $1,427,934.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Malia H. Wasson sold 900 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $61.68, for a total transaction of $55,512.00. Following the sale, the director now directly owns 1,089 shares of the company’s stock, valued at $67,169.52. The disclosure for this sale can be found here. 58.86% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Fox Run Management L.L.C. purchased a new stake in shares of Columbia Sportswear during the fourth quarter valued at $295,000. Bank of Montreal Can boosted its stake in shares of Columbia Sportswear by 3.8% during the fourth quarter. Bank of Montreal Can now owns 24,852 shares of the textile maker’s stock valued at $1,786,000 after purchasing an additional 900 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Columbia Sportswear by 15.7% during the third quarter. Sterling Capital Management LLC now owns 11,922 shares of the textile maker’s stock valued at $734,000 after purchasing an additional 1,621 shares during the period. California Public Employees Retirement System boosted its stake in shares of Columbia Sportswear by 1.3% during the third quarter. California Public Employees Retirement System now owns 71,700 shares of the textile maker’s stock valued at $4,415,000 after purchasing an additional 900 shares during the period. Finally, Invictus RG purchased a new stake in shares of Columbia Sportswear during the third quarter valued at $207,000. 39.00% of the stock is owned by hedge funds and other institutional investors.

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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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