Columbia Sportswear Co. (NASDAQ:COLM) – Equities researchers at KeyCorp issued their Q3 2016 earnings per share (EPS) estimates for Columbia Sportswear in a note issued to investors on Wednesday. KeyCorp analyst J. Schmidt forecasts that the firm will post earnings of $1.15 per share for the quarter. KeyCorp has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Columbia Sportswear’s Q4 2016 earnings at $1.14 EPS, FY2016 earnings at $2.68 EPS, Q1 2017 earnings at $0.49 EPS, Q2 2017 earnings at ($0.12) EPS, Q3 2017 earnings at $1.32 EPS, Q4 2017 earnings at $1.21 EPS and FY2017 earnings at $2.92 EPS.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.05. Columbia Sportswear had a net margin of 7.48% and a return on equity of 12.14%. The business had revenue of $388.70 million for the quarter, compared to analysts’ expectations of $392.02 million. During the same quarter last year, the company earned ($0.09) EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year.
COLM has been the topic of a number of other research reports. Canaccord Genuity raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and lifted their price target for the company from $59.00 to $72.00 in a research report on Tuesday, September 20th. Brean Capital reissued a “hold” rating on shares of Columbia Sportswear in a research report on Thursday, September 22nd. FBR & Co lifted their price target on shares of Columbia Sportswear from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Citigroup Inc. dropped their target price on shares of Columbia Sportswear from $69.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. Finally, DA Davidson reaffirmed a “buy” rating and set a $72.00 target price on shares of Columbia Sportswear in a research report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $62.20.
Shares of Columbia Sportswear (NASDAQ:COLM) opened at 55.69 on Monday. Columbia Sportswear has a 12-month low of $43.56 and a 12-month high of $66.00. The company has a 50 day moving average of $55.89 and a 200-day moving average of $57.57. The firm has a market cap of $3.88 billion, a PE ratio of 22.20 and a beta of 0.97.
Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of Columbia Sportswear by 127.6% in the first quarter. JPMorgan Chase & Co. now owns 1,214,448 shares of the company’s stock valued at $72,976,000 after buying an additional 680,868 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new position in shares of Columbia Sportswear during the first quarter valued at about $36,550,000. Atlanta Capital Management Co. L L C increased its position in shares of Columbia Sportswear by 21.9% in the second quarter. Atlanta Capital Management Co. L L C now owns 3,314,878 shares of the company’s stock valued at $190,738,000 after buying an additional 594,627 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Columbia Sportswear by 300.0% in the first quarter. Goldman Sachs Group Inc. now owns 475,516 shares of the company’s stock valued at $28,574,000 after buying an additional 356,630 shares during the period. Finally, TimesSquare Capital Management LLC increased its position in shares of Columbia Sportswear by 76.1% in the first quarter. TimesSquare Capital Management LLC now owns 619,000 shares of the company’s stock valued at $37,196,000 after buying an additional 267,500 shares during the period. Institutional investors own 36.55% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th were paid a $0.17 dividend. The ex-dividend date was Tuesday, August 16th. This represents a $0.68 annualized dividend and a dividend yield of 1.22%. Columbia Sportswear’s dividend payout ratio is presently 27.09%.
Columbia Sportswear Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company’s geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada.
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