Q1 2024 EPS Estimates for Columbia Sportswear (NASDAQ:COLM) Cut by Seaport Res Ptn

Columbia Sportswear (NASDAQ:COLM) – Equities researchers at Seaport Res Ptn dropped their Q1 2024 earnings per share (EPS) estimates for shares of Columbia Sportswear in a report released on Monday, April 22nd. Seaport Res Ptn analyst M. Kummetz now expects that the textile maker will post earnings per share of $0.38 for the quarter, down from their prior forecast of $0.41. The consensus estimate for Columbia Sportswear’s current full-year earnings is $3.70 per share. Seaport Res Ptn also issued estimates for Columbia Sportswear’s Q3 2024 earnings at $1.50 EPS, FY2024 earnings at $3.65 EPS, FY2025 earnings at $4.10 EPS and FY2026 earnings at $4.58 EPS.

Other analysts have also issued research reports about the stock. UBS Group cut their price objective on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a research note on Friday, February 2nd. StockNews.com cut Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $78.00.

Columbia Sportswear Trading Up 1.0 %

COLM opened at $79.78 on Wednesday. Columbia Sportswear has a 12-month low of $66.01 and a 12-month high of $89.11. The firm has a 50 day moving average of $78.91 and a two-hundred day moving average of $77.90. The firm has a market capitalization of $4.74 billion, a PE ratio of 19.34, a P/E/G ratio of 3.15 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data 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 firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion.

Institutional Investors Weigh In On Columbia Sportswear

Several large investors have recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its stake in shares of Columbia Sportswear by 76.2% in the fourth quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock worth $36,000 after acquiring an additional 195 shares during the last quarter. TFO Wealth Partners LLC grew its holdings in shares of Columbia Sportswear by 11,725.0% during the fourth quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock worth $38,000 after buying an additional 469 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Columbia Sportswear by 44.3% in the third quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock valued at $37,000 after buying an additional 154 shares during the last quarter. Signaturefd LLC raised its position in shares of Columbia Sportswear by 125.7% in the third quarter. Signaturefd LLC now owns 607 shares of the textile maker’s stock valued at $45,000 after buying an additional 338 shares during the last quarter. Finally, Quent Capital LLC lifted its stake in shares of Columbia Sportswear by 79.6% in the fourth quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock worth $49,000 after buying an additional 273 shares in the last quarter. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. Columbia Sportswear’s dividend payout ratio is presently 29.06%.

About Columbia Sportswear

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.