Columbia Sportswear (NASDAQ:COLM) – Equities researchers at B. Riley issued their Q1 2018 earnings per share estimates for shares of Columbia Sportswear in a note issued to investors on Friday. B. Riley analyst S. Anderson anticipates that the textile maker will earn $0.58 per share for the quarter. B. Riley currently has a “Buy” rating and a $79.00 price target on the stock. B. Riley also issued estimates for Columbia Sportswear’s Q2 2018 earnings at ($0.10) EPS, Q3 2018 earnings at $1.40 EPS, Q4 2018 earnings at $1.34 EPS and FY2018 earnings at $3.22 EPS.
COLM has been the topic of a number of other research reports. Pivotal Research reiterated a “buy” rating and set a $74.00 price objective (up previously from $72.00) on shares of Columbia Sportswear in a research note on Friday, October 27th. Zacks Investment Research lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Bank of America lifted their price target on shares of Columbia Sportswear from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Buckingham Research lifted their price target on shares of Columbia Sportswear from $67.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Goldman Sachs Group lowered shares of Columbia Sportswear from a “buy” rating to a “neutral” rating and set a $78.00 price target on the stock. in a research report on Tuesday, December 12th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $75.80.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, February 8th. The textile maker reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.16. Columbia Sportswear had a net margin of 4.26% and a return on equity of 12.73%. The business had revenue of $776.00 million for the quarter, compared to analyst estimates of $762.18 million. During the same quarter last year, the business earned $1.20 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently bought and sold shares of COLM. Nationwide Fund Advisors grew its position in Columbia Sportswear by 3.7% during the 2nd quarter. Nationwide Fund Advisors now owns 16,454 shares of the textile maker’s stock worth $955,000 after purchasing an additional 591 shares in the last quarter. BlackRock Inc. grew its position in Columbia Sportswear by 6.0% during the 2nd quarter. BlackRock Inc. now owns 1,733,820 shares of the textile maker’s stock worth $100,665,000 after purchasing an additional 98,264 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of Columbia Sportswear during the 2nd quarter valued at $214,000. UBS Asset Management Americas Inc. boosted its stake in shares of Columbia Sportswear by 31.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,049 shares of the textile maker’s stock valued at $932,000 after buying an additional 3,877 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of Columbia Sportswear by 8.5% during the 2nd quarter. Citigroup Inc. now owns 8,253 shares of the textile maker’s stock valued at $479,000 after buying an additional 644 shares during the period. Hedge funds and other institutional investors own 38.91% of the company’s stock.
In other Columbia Sportswear news, Director Walter Klenz sold 11,608 shares of Columbia Sportswear stock in a transaction that occurred 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 transaction, the director now directly owns 21,619 shares in the company, valued at approximately $1,427,934.95. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 58.86% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Friday, March 9th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.15%. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, March 8th. Columbia Sportswear’s payout ratio is presently 51.01%.
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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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