Zacks: Analysts Anticipate Columbia Sportswear (NASDAQ:COLM) Will Post Quarterly Sales of $881.48 Million
Analysts expect Columbia Sportswear (NASDAQ:COLM) to post sales of $881.48 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Columbia Sportswear’s earnings, with estimates ranging from $865.20 million to $890.10 million. Columbia Sportswear posted sales of $795.80 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10.8%. The firm is expected to announce its next quarterly earnings report on Thursday, October 24th.
On average, analysts expect that Columbia Sportswear will report full year sales of $3.03 billion for the current financial year, with estimates ranging from $3.02 billion to $3.05 billion. For the next year, analysts anticipate that the company will post sales of $3.22 billion, with estimates ranging from $3.16 billion to $3.27 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, July 25th. The textile maker reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.22. The business had revenue of $526.21 million during the quarter, compared to analyst estimates of $507.16 million. Columbia Sportswear had a return on equity of 18.14% and a net margin of 10.73%. Columbia Sportswear’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 earnings per share.
In other Columbia Sportswear news, SVP Douglas H. Morse sold 2,620 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of $105.00, for a total value of $275,100.00. Following the completion of the transaction, the senior vice president now owns 3,553 shares in the company, valued at $373,065. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joseph P. Boyle sold 13,930 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $107.00, for a total value of $1,490,510.00. Following the completion of the transaction, the executive vice president now owns 2,314,856 shares of the company’s stock, valued at approximately $247,689,592. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,938 shares of company stock valued at $8,461,381. 56.57% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Martin & Co. Inc. TN increased its holdings in shares of Columbia Sportswear by 0.4% during the second quarter. Martin & Co. Inc. TN now owns 25,827 shares of the textile maker’s stock valued at $2,587,000 after acquiring an additional 110 shares in the last quarter. Machina Capital S.A.S. increased its holdings in shares of Columbia Sportswear by 17.9% during the second quarter. Machina Capital S.A.S. now owns 1,000 shares of the textile maker’s stock valued at $100,000 after acquiring an additional 152 shares in the last quarter. Private Capital Group LLC increased its holdings in shares of Columbia Sportswear by 46.7% during the second quarter. Private Capital Group LLC now owns 531 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 169 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of Columbia Sportswear by 3.3% during the second quarter. MML Investors Services LLC now owns 6,328 shares of the textile maker’s stock valued at $634,000 after acquiring an additional 204 shares in the last quarter. Finally, Advisor Group Inc. increased its holdings in shares of Columbia Sportswear by 10.0% during the second quarter. Advisor Group Inc. now owns 2,638 shares of the textile maker’s stock valued at $264,000 after acquiring an additional 239 shares in the last quarter. Institutional investors and hedge funds own 37.68% of the company’s stock.
Shares of NASDAQ:COLM traded down $0.53 during trading on Friday, reaching $95.61. 12,315 shares of the company traded hands, compared to its average volume of 285,141. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 1.81 and a beta of 0.70. Columbia Sportswear has a 52-week low of $80.03 and a 52-week high of $109.74. The company has a current ratio of 2.88, a quick ratio of 1.57 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average is $95.57 and its 200-day moving average is $99.09.
About Columbia Sportswear
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East and Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.
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