B. Riley Weighs in on Columbia Sportswear’s Q3 2018 Earnings (COLM)

Columbia Sportswear (NASDAQ:COLM) – Research analysts at B. Riley lifted their Q3 2018 earnings estimates for Columbia Sportswear in a note issued to investors on Wednesday, October 17th. B. Riley analyst S. Anderson now expects that the textile maker will post earnings per share of $1.27 for the quarter, up from their previous estimate of $1.26. B. Riley has a “Neutral” rating and a $84.00 price target on the stock.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, July 26th. The textile maker reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.26. The firm had revenue of $481.62 million during the quarter, compared to analysts’ expectations of $453.27 million. Columbia Sportswear had a return on equity of 14.79% and a net margin of 5.19%. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.17) EPS.

COLM has been the subject of a number of other research reports. BidaskClub cut Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. Citigroup lifted their price objective on Columbia Sportswear from $94.00 to $106.00 and gave the stock a “buy” rating in a research report on Monday, July 30th. Buckingham Research lifted their price target on Columbia Sportswear from $80.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, August 16th. FBR & Co cut Columbia Sportswear from an “outperform” rating to a “$93.43” rating and set a $84.00 price target for the company. in a report on Wednesday, July 18th. Finally, Wedbush restated an “outperform” rating on shares of Columbia Sportswear in a report on Tuesday, June 26th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $87.56.

Columbia Sportswear stock opened at $87.89 on Friday. The stock has a market cap of $6.21 billion, a P/E ratio of 25.45, a P/E/G ratio of 2.36 and a beta of 0.77. Columbia Sportswear has a 52 week low of $59.51 and a 52 week high of $95.58.

Several large investors have recently modified their holdings of COLM. Public Employees Retirement Association of Colorado purchased a new stake in shares of Columbia Sportswear during the 2nd quarter worth about $104,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of Columbia Sportswear during the 1st quarter worth about $109,000. Point72 Asset Management L.P. purchased a new stake in shares of Columbia Sportswear during the 2nd quarter worth about $119,000. Fort L.P. purchased a new stake in shares of Columbia Sportswear during the 2nd quarter worth about $121,000. Finally, NewSquare Capital LLC purchased a new stake in shares of Columbia Sportswear during the 2nd quarter worth about $165,000. Institutional investors and hedge funds own 38.25% of the company’s stock.

In other news, SVP Douglas H. Morse sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $91.00, for a total transaction of $136,500.00. Following the completion of the sale, the senior vice president now owns 2,648 shares in the company, valued at approximately $240,968. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph P. Boyle sold 1,443 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $90.99, for a total value of $131,298.57. Following the sale, the executive vice president now owns 2,116,597 shares of the company’s stock, valued at approximately $192,589,161.03. The disclosure for this sale can be found here. Insiders sold a total of 8,661 shares of company stock valued at $789,646 in the last 90 days. 56.68% of the stock is owned by company insiders.

Columbia Sportswear announced that its Board of Directors has initiated a share buyback program on Monday, August 6th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the textile maker to buy up to 3.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active 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 that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.

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

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