Brokerages Anticipate Columbia Sportswear (NASDAQ:COLM) Will Post Quarterly Sales of $507.43 Million

Equities research analysts expect Columbia Sportswear (NASDAQ:COLM) to post sales of $507.43 million for the current quarter, Zacks reports. Five analysts have made estimates for Columbia Sportswear’s earnings, with the highest sales estimate coming in at $510.10 million and the lowest estimate coming in at $503.07 million. Columbia Sportswear posted sales of $481.62 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.4%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Thursday, July 25th.

According to Zacks, analysts expect that Columbia Sportswear will report full-year sales of $3.02 billion for the current financial year, with estimates ranging from $3.02 billion to $3.04 billion. For the next fiscal year, analysts forecast that the company will report sales of $3.22 billion, with estimates ranging from $3.20 billion to $3.26 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Columbia Sportswear.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, April 25th. The textile maker reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.23. Columbia Sportswear had a net margin of 10.43% and a return on equity of 17.89%. The business had revenue of $654.61 million during the quarter, compared to analyst estimates of $646.77 million. During the same period last year, the business posted $0.77 earnings per share. Columbia Sportswear’s quarterly revenue was up 7.8% compared to the same quarter last year.

COLM has been the subject of a number of research analyst reports. BidaskClub raised shares of Kandi Technologies Group from a “strong sell” rating to a “sell” rating in a research report on Friday, May 17th. ValuEngine downgraded shares of Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, July 8th. Canaccord Genuity set a $107.00 target price on shares of Columbia Sportswear and gave the stock a “hold” rating in a research report on Friday, April 26th. Wedbush lifted their target price on shares of Columbia Sportswear from $111.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Finally, Citigroup assumed coverage on shares of Oxford Industries in a research report on Tuesday, April 16th. They issued a “buy” rating for the company. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $108.93.

COLM traded up $2.55 on Friday, hitting $102.27. The company had a trading volume of 148,928 shares, compared to its average volume of 232,435. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.41 and a quick ratio of 2.33. Columbia Sportswear has a 52-week low of $80.03 and a 52-week high of $109.74. The business has a fifty day simple moving average of $98.24. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 2.45 and a beta of 0.70.

In related news, EVP Joseph P. Boyle sold 13,013 shares of Columbia Sportswear stock in a transaction on Friday, April 26th. The shares were sold at an average price of $106.00, for a total transaction of $1,379,378.00. Following the transaction, the executive vice president now owns 2,313,048 shares in the company, valued at approximately $245,183,088. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Murrey R. Albers sold 11,608 shares of Columbia Sportswear stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $97.32, for a total transaction of $1,129,690.56. Following the transaction, the director now owns 39,350 shares in the company, valued at approximately $3,829,542. The disclosure for this sale can be found here. Company insiders own 56.57% of the company’s stock.

A number of large investors have recently modified their holdings of COLM. BlackRock Inc. grew its stake in Columbia Sportswear by 3.0% in the 4th quarter. BlackRock Inc. now owns 1,362,689 shares of the textile maker’s stock worth $114,588,000 after acquiring an additional 39,573 shares in the last quarter. Acadian Asset Management LLC grew its stake in Columbia Sportswear by 12.5% in the 1st quarter. Acadian Asset Management LLC now owns 1,178,817 shares of the textile maker’s stock worth $122,808,000 after acquiring an additional 130,710 shares in the last quarter. Norges Bank bought a new position in Columbia Sportswear in the 4th quarter worth about $33,356,000. Handelsbanken Fonder AB grew its stake in Columbia Sportswear by 308.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 364,100 shares of the textile maker’s stock worth $36,468,000 after acquiring an additional 275,000 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Columbia Sportswear by 12.7% in the 4th quarter. Geode Capital Management LLC now owns 351,041 shares of the textile maker’s stock worth $29,519,000 after acquiring an additional 39,664 shares in the last quarter. Institutional investors own 37.42% 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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Earnings History and Estimates for Columbia Sportswear (NASDAQ:COLM)

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