Wall Street brokerages expect Columbia Sportswear (NASDAQ:COLM) to post sales of $774.43 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Columbia Sportswear’s earnings, with the lowest sales estimate coming in at $737.80 million and the highest estimate coming in at $806.30 million. Columbia Sportswear reported sales of $906.79 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 14.6%. The company is expected to announce its next quarterly earnings report on Wednesday, November 4th.
On average, analysts expect that Columbia Sportswear will report full-year sales of $2.57 billion for the current financial year, with estimates ranging from $2.50 billion to $2.60 billion. For the next financial year, analysts anticipate that the company will post sales of $3.03 billion, with estimates ranging from $2.88 billion to $3.13 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, July 30th. The textile maker reported ($0.77) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.88) by $0.11. Columbia Sportswear had a return on equity of 10.53% and a net margin of 6.66%. The firm had revenue of $316.61 million during the quarter, compared to analysts’ expectations of $315.43 million.
Shares of NASDAQ:COLM traded up $0.27 during trading on Friday, hitting $92.55. The stock had a trading volume of 256,644 shares, compared to its average volume of 401,854. Columbia Sportswear has a 12-month low of $51.82 and a 12-month high of $102.88. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 34.92, a price-to-earnings-growth ratio of 15.11 and a beta of 0.59. The stock has a 50-day simple moving average of $83.18 and a two-hundred day simple moving average of $75.84.
In other news, major shareholder Gertrude Boyle Trust sold 666,715 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $78.77, for a total value of $52,517,140.55. Following the completion of the sale, the insider now directly owns 7,360,822 shares in the company, valued at $579,811,948.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Sarah Bany sold 21,903 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $83.67, for a total value of $1,832,624.01. Following the completion of the sale, the insider now owns 1,154,136 shares of the company’s stock, valued at $96,566,559.12. The disclosure for this sale can be found here. Insiders sold 1,703,049 shares of company stock valued at $133,542,789 over the last 90 days. Company insiders own 41.15% of the company’s stock.
Several large investors have recently modified their holdings of COLM. Atlanta Capital Management Co. L L C boosted its stake in shares of Columbia Sportswear by 24.1% in the first quarter. Atlanta Capital Management Co. L L C now owns 3,683,112 shares of the textile maker’s stock worth $256,971,000 after acquiring an additional 714,811 shares during the last quarter. APG Asset Management N.V. acquired a new stake in shares of Columbia Sportswear in the first quarter worth approximately $31,750,000. Ceredex Value Advisors LLC acquired a new stake in shares of Columbia Sportswear in the first quarter worth approximately $22,803,000. Janus Henderson Group PLC boosted its stake in shares of Columbia Sportswear by 1,893.6% in the first quarter. Janus Henderson Group PLC now owns 259,701 shares of the textile maker’s stock worth $18,119,000 after acquiring an additional 246,674 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Columbia Sportswear by 28.0% in the first quarter. JPMorgan Chase & Co. now owns 1,072,160 shares of the textile maker’s stock worth $74,804,000 after acquiring an additional 234,742 shares during the last quarter. 41.55% of the stock is currently owned by hedge funds and other institutional investors.
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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