Columbia Sportswear (COLM) Issues Quarterly Earnings Results

Columbia Sportswear (NASDAQ:COLM) issued its quarterly earnings results on Thursday. The textile maker reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.16, Bloomberg Earnings reports. The business had revenue of $776.00 million during the quarter, compared to the consensus estimate of $762.18 million. Columbia Sportswear had a return on equity of 12.30% and a net margin of 8.18%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $1.20 earnings per share. Columbia Sportswear updated its FY18 guidance to $3.17-3.27 EPS.

Shares of Columbia Sportswear (COLM) traded down $2.03 during mid-day trading on Thursday, reaching $73.30. The company had a trading volume of 325,634 shares, compared to its average volume of 199,916. The stock has a market capitalization of $5,120.00, a PE ratio of 26.27, a P/E/G ratio of 2.45 and a beta of 0.95. Columbia Sportswear has a 52 week low of $51.56 and a 52 week high of $78.26.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Friday, March 9th will be given a dividend of $0.22 per share. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 1.20%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 27.24%.

In related news, Director Walter Klenz sold 11,608 shares of Columbia Sportswear stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $66.05, for a total transaction of $766,708.40. Following the completion of the transaction, the director now directly owns 21,619 shares in the company, valued at $1,427,934.95. 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.

COLM has been the subject of several recent analyst reports. Guggenheim reissued a “buy” rating and issued a $75.00 price target on shares of Columbia Sportswear in a report on Friday, December 15th. BidaskClub downgraded Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Pivotal Research reissued a “buy” rating and issued a $74.00 price target (up previously from $72.00) on shares of Columbia Sportswear in a report on Friday, October 27th. FBR & Co reissued a “buy” rating and issued a $68.00 price target on shares of Columbia Sportswear in a report on Friday, October 27th. Finally, Robert W. Baird reissued a “buy” rating and issued a $68.00 price target on shares of Columbia Sportswear in a report on Sunday, October 22nd. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $72.00.

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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.

Earnings History for Columbia Sportswear (NASDAQ:COLM)

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