Seaport Res Ptn Analysts Boost Earnings Estimates for COLM

Columbia Sportswear (NASDAQ:COLM) – Analysts at Seaport Res Ptn boosted their Q4 2024 earnings per share (EPS) estimates for shares of Columbia Sportswear in a research note issued to investors on Wednesday, January 29th. Seaport Res Ptn analyst M. Kummetz now expects that the textile maker will post earnings per share of $2.03 for the quarter, up from their prior forecast 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 weighed in on COLM. StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. TD Cowen boosted their target price on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus raised their price target on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th.

Columbia Sportswear Stock Up 0.8 %

NASDAQ COLM opened at $85.86 on Monday. The firm has a 50-day moving average price of $86.58 and a 200 day moving average price of $83.07. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $91.30. The stock has a market capitalization of $4.91 billion, a P/E ratio of 23.72, a P/E/G ratio of 3.32 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid 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 presently 33.15%.

Hedge Funds Weigh In On Columbia Sportswear

A number of hedge funds and other institutional investors have recently bought and sold shares of COLM. Sei Investments Co. lifted its holdings in shares of Columbia Sportswear by 15.4% in the second quarter. Sei Investments Co. now owns 7,654 shares of the textile maker’s stock valued at $605,000 after buying an additional 1,024 shares during the period. Algert Global LLC acquired a new position in shares of Columbia Sportswear in the 2nd quarter worth approximately $286,000. Handelsbanken Fonder AB raised its holdings in shares of Columbia Sportswear by 18.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 10,258 shares of the textile maker’s stock worth $853,000 after purchasing an additional 1,600 shares in the last quarter. GAMMA Investing LLC lifted its stake in Columbia Sportswear by 51.3% during the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 142 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in Columbia Sportswear in the third quarter worth approximately $75,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.

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.