Columbia Sportswear (COLM) to Release Quarterly Earnings on Thursday

Columbia Sportswear (NASDAQ:COLM) is scheduled to release its earnings data after the market closes on Thursday, April 25th. Analysts expect Columbia Sportswear to post earnings of $0.36 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, February 1st. The textile maker reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.14). Columbia Sportswear had a net margin of 7.21% and a return on equity of 14.11%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.08 billion. On average, analysts expect Columbia Sportswear to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Columbia Sportswear Price Performance

Shares of NASDAQ COLM opened at $75.00 on Thursday. Columbia Sportswear has a one year low of $66.01 and a one year high of $90.04. The firm’s 50 day simple moving average is $79.14 and its two-hundred day simple moving average is $77.68. The stock has a market capitalization of $4.54 billion, a P/E ratio of 18.16, a PEG ratio of 3.03 and a beta of 0.94.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Thursday, March 7th. Columbia Sportswear’s dividend payout ratio is 29.06%.

Analysts Set New Price Targets

Several equities analysts have commented on COLM shares. UBS Group lowered their price objective on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a research report on Friday, February 2nd. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $78.00.

Insider Transactions at Columbia Sportswear

In other news, Director Stephen E. Babson sold 2,411 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $80.98, for a total transaction of $195,242.78. Following the transaction, the director now owns 122,879 shares of the company’s stock, valued at approximately $9,950,741.42. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Ronald E. Nelson sold 5,768 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total value of $473,264.40. Following the completion of the transaction, the director now directly owns 16,857 shares in the company, valued at $1,383,116.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen E. Babson sold 2,411 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $80.98, for a total value of $195,242.78. Following the completion of the transaction, the director now owns 122,879 shares of the company’s stock, valued at $9,950,741.42. The disclosure for this sale can be found here. Insiders own 43.00% of the company’s stock.

Institutional Trading of Columbia Sportswear

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its holdings in Columbia Sportswear by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,720 shares of the textile maker’s stock valued at $1,887,000 after purchasing an additional 533 shares during the period. GSA Capital Partners LLP acquired a new stake in Columbia Sportswear in the fourth quarter valued at approximately $1,377,000. Public Employees Retirement System of Ohio lifted its position in shares of Columbia Sportswear by 0.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 61,886 shares of the textile maker’s stock valued at $4,922,000 after acquiring an additional 253 shares in the last quarter. Barclays PLC lifted its position in shares of Columbia Sportswear by 108.8% in the fourth quarter. Barclays PLC now owns 59,566 shares of the textile maker’s stock valued at $4,739,000 after acquiring an additional 31,032 shares in the last quarter. Finally, Vident Advisory LLC purchased a new position in shares of Columbia Sportswear in the fourth quarter valued at approximately $596,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.