Columbia Sportswear Company to Post Q1 2017 Earnings of $0.40 Per Share, Wedbush Forecasts (COLM)

Columbia Sportswear Company (NASDAQ:COLM) – Equities researchers at Wedbush raised their Q1 2017 earnings per share estimates for shares of Columbia Sportswear Company in a research note issued on Tuesday, Zacks Investment Research reports. Wedbush analyst C. Svezia now forecasts that the textile maker will post earnings of $0.40 per share for the quarter, up from their previous forecast of $0.37. Wedbush has a “Outperform” rating and a $72.00 price objective on the stock. Wedbush also issued estimates for Columbia Sportswear Company’s FY2017 earnings at $2.83 EPS and FY2018 earnings at $3.10 EPS.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus cut shares of Columbia Sportswear Company from a “buy” rating to a “hold” rating and lowered their price target for the stock from $68.00 to $60.00 in a research note on Monday, January 30th. Zacks Investment Research cut shares of Columbia Sportswear Company from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. CL King assumed coverage on shares of Columbia Sportswear Company in a research note on Friday, January 13th. They issued a “buy” rating and a $63.00 price objective on the stock. Canaccord Genuity set a $70.00 price objective on shares of Columbia Sportswear Company and gave the company a “buy” rating in a research note on Friday, January 13th. Finally, B. Riley reissued a “neutral” rating and issued a $61.00 price objective on shares of Columbia Sportswear Company in a research note on Sunday, February 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $65.25.

Earnings History and Estimates for Columbia Sportswear Company (NASDAQ:COLM)

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Columbia Sportswear Company (NASDAQ:COLM) traded up 0.83% during midday trading on Thursday, reaching $59.28. 137,008 shares of the company were exchanged. The company has a market capitalization of $4.12 billion, a PE ratio of 21.79 and a beta of 0.78. Columbia Sportswear Company has a 52 week low of $51.70 and a 52 week high of $63.55. The firm has a 50-day moving average price of $57.34 and a 200-day moving average price of $57.51.

Columbia Sportswear Company (NASDAQ:COLM) last posted its earnings results on Thursday, February 9th. The textile maker reported $1.20 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.10. Columbia Sportswear Company had a net margin of 8.07% and a return on equity of 12.77%. The company earned $717.40 million during the quarter, compared to analysts’ expectations of $758.88 million. During the same quarter in the prior year, the company posted $0.90 earnings per share. Columbia Sportswear Company’s revenue for the quarter was up 2.6% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 22nd. Shareholders of record on Thursday, March 9th were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, March 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.22%. Columbia Sportswear Company’s dividend payout ratio is currently 26.57%.

In other Columbia Sportswear Company news, COO Bryan Timm sold 4,012 shares of the firm’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $57.73, for a total transaction of $231,612.76. Following the sale, the chief operating officer now directly owns 83,649 shares of the company’s stock, valued at approximately $4,829,056.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas B. Cusick sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, March 28th. The stock was sold at an average price of $58.50, for a total transaction of $1,755,000.00. Following the sale, the executive vice president now directly owns 47,326 shares in the company, valued at $2,768,571. The disclosure for this sale can be found here. Insiders have sold a total of 210,760 shares of company stock worth $12,190,366 over the last ninety days. 62.12% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. raised its position in shares of Columbia Sportswear Company by 5.4% in the third quarter. Prudential Financial Inc. now owns 10,348 shares of the textile maker’s stock valued at $587,000 after buying an additional 531 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Columbia Sportswear Company by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 1,266,412 shares of the textile maker’s stock valued at $71,857,000 after buying an additional 49,448 shares during the last quarter. US Bancorp DE raised its position in shares of Columbia Sportswear Company by 3.5% in the third quarter. US Bancorp DE now owns 2,485 shares of the textile maker’s stock valued at $141,000 after buying an additional 85 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Columbia Sportswear Company by 7.3% in the third quarter. UBS Asset Management Americas Inc. now owns 14,650 shares of the textile maker’s stock valued at $831,000 after buying an additional 1,000 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Columbia Sportswear Company by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 246,621 shares of the textile maker’s stock valued at $13,993,000 after buying an additional 1,263 shares during the last quarter. Institutional investors and hedge funds own 38.11% of the company’s stock.

Columbia Sportswear Company Company Profile

Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.

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