Brokers Issue Forecasts for Columbia Sportswear’s Q3 2018 Earnings (COLM)
Columbia Sportswear (NASDAQ:COLM) – Stock analysts at KeyCorp lifted their Q3 2018 EPS estimates for shares of Columbia Sportswear in a report issued on Thursday. KeyCorp analyst E. Yruma now expects that the textile maker will post earnings of $1.43 per share for the quarter, up from their prior estimate of $1.36. KeyCorp also issued estimates for Columbia Sportswear’s FY2018 earnings at $3.21 EPS.
Several other brokerages also recently commented on COLM. Pivotal Research reissued a “buy” rating and issued a $85.00 price objective (up previously from $74.00) on shares of Columbia Sportswear in a research note on Wednesday, February 7th. Canaccord Genuity set a $66.00 price objective on shares of Columbia Sportswear and gave the company a “hold” rating in a research note on Sunday, January 7th. Stifel Nicolaus set a $74.00 price objective on shares of Columbia Sportswear and gave the company a “hold” rating in a research note on Friday, December 15th. BidaskClub downgraded shares of Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. Finally, Zacks Investment Research raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research note on Tuesday, January 2nd. 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 company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $76.87.
Columbia Sportswear (NASDAQ:COLM) last issued 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 during 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 firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 EPS.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Friday, March 9th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.18%. 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 dividend payout ratio (DPR) is presently 51.01%.
In other Columbia Sportswear news, Director Walter Klenz sold 11,608 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 21,619 shares in the company, valued at $1,427,934.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 58.86% of the company’s stock.
Large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Columbia Sportswear by 1.0% in the second quarter. Vanguard Group Inc. now owns 2,802,549 shares of the textile maker’s stock valued at $162,716,000 after buying an additional 28,381 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Columbia Sportswear by 0.8% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,888,128 shares of the textile maker’s stock valued at $116,271,000 after buying an additional 15,673 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Columbia Sportswear by 2.6% in the fourth quarter. BlackRock Inc. now owns 1,841,927 shares of the textile maker’s stock valued at $132,398,000 after buying an additional 46,815 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Columbia Sportswear by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 1,789,254 shares of the textile maker’s stock valued at $108,662,000 after buying an additional 148,269 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Columbia Sportswear by 9.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,178,660 shares of the textile maker’s stock valued at $84,722,000 after purchasing an additional 106,140 shares in the last quarter. Institutional investors and hedge funds 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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