Brokerages forecast that Columbia Sportswear (NASDAQ:COLM) will announce earnings per share of $1.18 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Columbia Sportswear’s earnings. The highest EPS estimate is $1.52 and the lowest is $0.69. Columbia Sportswear reported earnings per share of $1.75 in the same quarter last year, which would indicate a negative year-over-year growth rate of 32.6%. The company is scheduled to report its next earnings report on Wednesday, November 4th.
On average, analysts expect that Columbia Sportswear will report full-year earnings of $2.08 per share for the current fiscal year, with EPS estimates ranging from $1.05 to $2.65. For the next fiscal year, analysts forecast that the company will report earnings of $4.14 per share, with EPS estimates ranging from $3.75 to $4.65. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, July 30th. The textile maker reported ($0.77) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.88) by $0.11. The company had revenue of $316.61 million for the quarter, compared to the consensus estimate of $315.43 million. Columbia Sportswear had a return on equity of 10.53% and a net margin of 6.66%.
COLM traded up $0.27 during trading on Wednesday, reaching $92.55. 256,644 shares of the stock were exchanged, compared to its average volume of 401,854. The business’s 50 day moving average price is $83.18 and its two-hundred day moving average price is $75.84. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 34.92, a P/E/G ratio of 15.11 and a beta of 0.59. Columbia Sportswear has a 1 year low of $51.82 and a 1 year high of $102.88.
In other news, major shareholder Sarah Bany sold 11,155 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $74.22, for a total value of $827,924.10. Following the completion of the sale, the insider now owns 1,154,136 shares in the company, valued at $85,659,973.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Gertrude Boyle Trust sold 347,451 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $78.74, for a total value of $27,358,291.74. Following the completion of the sale, the insider now owns 7,959,767 shares of the company’s stock, valued at approximately $626,752,053.58. The disclosure for this sale can be found here. Insiders have sold 1,703,049 shares of company stock valued at $133,542,789 over the last 90 days. 41.15% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. FinTrust Capital Advisors LLC acquired a new stake in shares of Columbia Sportswear in the first quarter valued at about $43,000. Dupont Capital Management Corp acquired a new stake in shares of Columbia Sportswear in the second quarter valued at about $58,000. American National Bank acquired a new stake in shares of Columbia Sportswear in the second quarter valued at about $81,000. PNC Financial Services Group Inc. boosted its holdings in Columbia Sportswear by 8.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,687 shares of the textile maker’s stock valued at $135,000 after purchasing an additional 125 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Columbia Sportswear by 27.8% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,300 shares of the textile maker’s stock valued at $185,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 41.55% of the company’s stock.
Columbia Sportswear Company Profile
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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