Columbia Sportswear (NASDAQ:COLM) – Investment analysts at Wedbush lifted their FY2018 earnings per share estimates for Columbia Sportswear in a research note issued to investors on Friday. Wedbush analyst C. Svezia now anticipates that the textile maker will earn $3.30 per share for the year, up from their previous forecast of $3.03. Wedbush also issued estimates for Columbia Sportswear’s FY2019 earnings at $3.65 EPS.
Several other brokerages have also recently weighed in on COLM. Robert W. Baird upped their price target on Columbia Sportswear from $84.00 to $87.00 and gave the company an “outperform” rating in a research report on Friday. Buckingham Research upped their price target on Columbia Sportswear from $67.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday. Canaccord Genuity set a $70.00 price target on Columbia Sportswear and gave the company a “hold” rating in a research report on Thursday. Citigroup upped their price target on Columbia Sportswear from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Friday. Finally, B. Riley upped their price target on Columbia Sportswear from $76.00 to $79.00 and gave the company a “buy” rating in a research report on Friday. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $75.80.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, February 8th. The textile maker reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.16. The business had revenue of $776.00 million for the quarter, compared to the consensus estimate of $762.18 million. Columbia Sportswear had a net margin of 4.26% and a return on equity of 12.73%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Friday, March 9th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, March 8th. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 1.15%. Columbia Sportswear’s dividend payout ratio is currently 51.01%.
In related news, Director Walter Klenz sold 11,608 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $66.05, for a total value of $766,708.40. Following the transaction, the director now directly owns 21,619 shares in the company, valued at $1,427,934.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 58.86% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of COLM. Advisory Services Network LLC increased its position in shares of Columbia Sportswear by 1,788.8% in the fourth quarter. Advisory Services Network LLC now owns 2,021 shares of the textile maker’s stock worth $145,000 after purchasing an additional 1,914 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Columbia Sportswear by 10.0% in the second quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock worth $149,000 after purchasing an additional 234 shares during the last quarter. Advisor Group Inc. increased its position in shares of Columbia Sportswear by 11.2% in the second quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock worth $195,000 after purchasing an additional 339 shares during the last quarter. Invictus RG bought a new position in shares of Columbia Sportswear in the third quarter worth approximately $207,000. Finally, Amalgamated Bank bought a new position in shares of Columbia Sportswear in the second quarter worth approximately $214,000. Institutional investors own 38.32% 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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