Research Analysts Offer Predictions for COLM FY2024 Earnings

Columbia Sportswear (NASDAQ:COLM) – Stock analysts at Zacks Research increased their FY2024 earnings estimates for Columbia Sportswear in a research note issued on Tuesday, November 19th. Zacks Research analyst V. Bagree now forecasts that the textile maker will earn $3.86 per share for the year, up from their previous estimate 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 Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $77.00.

Columbia Sportswear Price Performance

Columbia Sportswear stock opened at $80.10 on Thursday. The firm has a market cap of $4.58 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 3.54 and a beta of 0.92. The stock’s fifty day moving average price is $81.43 and its two-hundred day moving average price is $81.24. Columbia Sportswear has a one year low of $73.04 and a one year high of $87.23.

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

Institutional Investors Weigh In On Columbia Sportswear

A number of large investors have recently modified their holdings of the business. Pacer Advisors Inc. grew its position in Columbia Sportswear by 44.3% in the second quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock valued at $117,107,000 after acquiring an additional 454,738 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Columbia Sportswear by 153.3% in the 2nd quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock valued at $48,722,000 after purchasing an additional 372,886 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Columbia Sportswear by 149.0% during the 2nd quarter. AQR Capital Management LLC now owns 195,933 shares of the textile maker’s stock valued at $15,463,000 after purchasing an additional 117,260 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Columbia Sportswear during the 3rd quarter worth approximately $7,676,000. Finally, Marshall Wace LLP increased its position in Columbia Sportswear by 1,574.3% during the 2nd quarter. Marshall Wace LLP now owns 80,383 shares of the textile maker’s stock worth $6,357,000 after purchasing an additional 75,582 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.50%. The ex-dividend date is Wednesday, November 20th. Columbia Sportswear’s payout ratio is presently 33.15%.

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.