Seaport Res Ptn Issues Optimistic Forecast for COLM Earnings

Columbia Sportswear (NASDAQ:COLM) – Stock analysts at Seaport Res Ptn boosted their FY2024 earnings per share (EPS) estimates for Columbia Sportswear in a research report issued on Wednesday, January 29th. Seaport Res Ptn analyst M. Kummetz now anticipates that the textile maker will post earnings per share of $4.05 for the year, up from their prior estimate of $3.72. The consensus estimate for Columbia Sportswear’s current full-year earnings is $3.89 per share. Seaport Res Ptn also issued estimates for Columbia Sportswear’s FY2025 earnings at $4.51 EPS, FY2026 earnings at $4.87 EPS and FY2027 earnings at $5.21 EPS.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, beating the consensus estimate of $1.36 by $0.20. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The firm had revenue of $931.80 million during the quarter, compared to analysts’ expectations of $937.17 million. During the same quarter last year, the business earned $1.70 earnings per share. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year.

Several other equities analysts also recently weighed in on the company. Stifel Nicolaus raised their price objective on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen boosted their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Columbia Sportswear currently has an average rating of “Hold” and an average price target of $80.75.

Columbia Sportswear Trading Down 2.3 %

Shares of Columbia Sportswear stock opened at $88.30 on Friday. The company has a 50-day moving average of $86.66 and a two-hundred day moving average of $82.95. Columbia Sportswear has a 12-month low of $73.04 and a 12-month high of $91.30. The stock has a market cap of $5.05 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 3.40 and a beta of 0.93.

Hedge Funds Weigh In On Columbia Sportswear

Hedge funds have recently bought and sold shares of the stock. Truist Financial Corp lifted its position in shares of Columbia Sportswear by 143.6% in the fourth quarter. Truist Financial Corp now owns 11,907 shares of the textile maker’s stock valued at $999,000 after acquiring an additional 7,019 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Columbia Sportswear in the 4th quarter valued at about $216,000. State of New Jersey Common Pension Fund D lifted its holdings in Columbia Sportswear by 7.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 25,559 shares of the textile maker’s stock valued at $2,145,000 after purchasing an additional 1,764 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Columbia Sportswear by 2.7% during the 4th quarter. Rhumbline Advisers now owns 131,868 shares of the textile maker’s stock worth $11,068,000 after purchasing an additional 3,431 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Columbia Sportswear by 10.2% during the fourth quarter. Empowered Funds LLC now owns 9,179 shares of the textile maker’s stock worth $770,000 after buying an additional 849 shares in the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

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.