Columbia Sportswear (COLM) to Post FY2018 Earnings of $3.30 Per Share, Wedbush Forecasts
Columbia Sportswear (NASDAQ:COLM) – Analysts at Wedbush upped their FY2018 EPS estimates for Columbia Sportswear in a research report issued to clients and investors on Friday. Wedbush analyst C. Svezia now anticipates that the textile maker will post earnings per share of $3.30 for the year, up from their prior forecast of $3.03. Wedbush also issued estimates for Columbia Sportswear’s FY2019 earnings at $3.65 EPS.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, February 8th. The textile maker reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.16. Columbia Sportswear had a return on equity of 12.73% and a net margin of 4.26%. The business had revenue of $776.00 million for the quarter, compared to the consensus estimate of $762.18 million. During the same quarter in the previous year, the company posted $1.20 EPS. The company’s revenue was up 8.2% compared to the same quarter last year.
Shares of Columbia Sportswear (COLM) opened at $76.70 on Monday. Columbia Sportswear has a 12 month low of $51.56 and a 12 month high of $79.21. The stock has a market capitalization of $5,359.53, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 2.39 and a beta of 0.95.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Friday, March 9th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.15%. The ex-dividend date is Thursday, March 8th. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.19. Columbia Sportswear’s dividend payout ratio is 51.01%.
In other Columbia Sportswear news, Director Walter Klenz sold 11,608 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $66.05, for a total value of $766,708.40. Following the transaction, the director now owns 21,619 shares of the company’s stock, valued at approximately $1,427,934.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 58.86% of the company’s stock.
A number of institutional investors have recently made changes to their positions in COLM. JPMorgan Chase & Co. grew its position in Columbia Sportswear by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,254 shares of the textile maker’s stock valued at $108,662,000 after acquiring an additional 148,269 shares during the last quarter. Victory Capital Management Inc. grew its position in Columbia Sportswear by 14.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,072,520 shares of the textile maker’s stock valued at $66,046,000 after acquiring an additional 137,900 shares during the last quarter. BlackRock Inc. grew its position in Columbia Sportswear by 6.0% in the 2nd quarter. BlackRock Inc. now owns 1,733,820 shares of the textile maker’s stock valued at $100,665,000 after acquiring an additional 98,264 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Columbia Sportswear by 21.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 247,843 shares of the textile maker’s stock valued at $15,263,000 after acquiring an additional 43,329 shares during the last quarter. Finally, State Street Corp grew its position in Columbia Sportswear by 8.8% in the 2nd quarter. State Street Corp now owns 538,316 shares of the textile maker’s stock valued at $31,254,000 after acquiring an additional 43,315 shares during the last quarter. 38.32% of the stock is currently owned by institutional investors.
About Columbia Sportswear
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
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