Zacks Research Has Strong Estimate for COLM FY2024 Earnings

Columbia Sportswear (NASDAQ:COLM) – Investment analysts at Zacks Research upped their FY2024 earnings estimates for Columbia Sportswear in a report released on Tuesday, November 19th. Zacks Research analyst V. Bagree now forecasts that the textile maker will post earnings of $3.86 per share for the year, up from their prior forecast of $3.81. The consensus estimate for Columbia Sportswear’s current full-year earnings is $3.86 per share. Zacks Research also issued estimates for Columbia Sportswear’s Q4 2024 earnings at $1.79 EPS, Q1 2025 earnings at $0.64 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $1.22 EPS, Q4 2025 earnings at $2.10 EPS, FY2025 earnings at $4.13 EPS, Q1 2026 earnings at $0.76 EPS, Q2 2026 earnings at $0.14 EPS, Q3 2026 earnings at $1.32 EPS and FY2026 earnings at $4.48 EPS.

Separately, StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $77.00.

Columbia Sportswear Price Performance

Shares of NASDAQ COLM opened at $81.09 on Thursday. The company has a market cap of $4.64 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 3.47 and a beta of 0.92. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $87.23. The company has a 50-day simple moving average of $81.43 and a 200-day simple moving average of $81.24.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. The business had revenue of $931.80 million during the quarter, compared to the consensus estimate of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.70 earnings per share.

Columbia Sportswear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, November 20th. Columbia Sportswear’s payout ratio is currently 33.15%.

Institutional Investors Weigh In On Columbia Sportswear

Large investors have recently made changes to their positions in the business. Blue Trust Inc. increased its position in shares of Columbia Sportswear by 116.6% in the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after acquiring an additional 225 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Columbia Sportswear by 51.3% in the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock worth $35,000 after acquiring an additional 142 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Columbia Sportswear in the third quarter worth $65,000. Dnca Finance acquired a new stake in shares of Columbia Sportswear in the second quarter worth $68,000. Finally, nVerses Capital LLC acquired a new stake in shares of Columbia Sportswear in the third quarter worth $75,000. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Company Profile

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.