Seaport Res Ptn Analysts Lift Earnings Estimates for COLM

Columbia Sportswear (NASDAQ:COLM) – Stock analysts at Seaport Res Ptn lifted their Q4 2024 earnings estimates for Columbia Sportswear in a research report issued to clients and investors on Wednesday, January 29th. Seaport Res Ptn analyst M. Kummetz now anticipates that the textile maker will earn $2.03 per share for the quarter, up from their prior estimate of $1.70. The consensus estimate for Columbia Sportswear’s current full-year earnings is $3.96 per share.

A number of other research analysts have also recently issued reports on COLM. TD Cowen lifted their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, Stifel Nicolaus increased their price objective on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, December 11th.

Columbia Sportswear Stock Performance

NASDAQ:COLM opened at $85.86 on Monday. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 3.32 and a beta of 0.93. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $91.30. The company has a 50-day moving average of $86.58 and a 200-day moving average of $83.07.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. grew its holdings in Columbia Sportswear by 19.8% during the third quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock worth $147,544,000 after purchasing an additional 292,716 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Columbia Sportswear during the 3rd quarter worth approximately $7,676,000. Assenagon Asset Management S.A. acquired a new position in shares of Columbia Sportswear during the 4th quarter worth approximately $6,356,000. New York State Common Retirement Fund lifted its holdings in Columbia Sportswear by 39.6% during the 3rd quarter. New York State Common Retirement Fund now owns 259,406 shares of the textile maker’s stock valued at $21,580,000 after purchasing an additional 73,602 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Columbia Sportswear by 11.6% during the fourth quarter. Bank of New York Mellon Corp now owns 418,531 shares of the textile maker’s stock worth $35,127,000 after purchasing an additional 43,654 shares during the period. Institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.40%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 33.15%.

About Columbia Sportswear

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.