Columbia Sportswear (NASDAQ:COLM – Get Rating) issued an update on its FY 2025 earnings guidance on Saturday morning. The company provided earnings per share (EPS) guidance of $7.35-$7.95 for the period. The company issued revenue guidance of $4.50 billion-$4.70 billion. Columbia Sportswear also updated its FY 2022 guidance to $5.00-$5.40 EPS.
Columbia Sportswear Stock Down 2.0 %
Shares of NASDAQ:COLM opened at $67.30 on Friday. The company’s fifty day moving average is $72.90 and its two-hundred day moving average is $77.95. Columbia Sportswear has a 12-month low of $65.02 and a 12-month high of $107.50. The company has a market cap of $4.23 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 1.32 and a beta of 0.88.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The textile maker reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. Columbia Sportswear had a net margin of 10.13% and a return on equity of 17.87%. The business had revenue of $578.06 million for the quarter, compared to analysts’ expectations of $592.35 million. During the same period in the previous year, the company posted $0.61 EPS. Columbia Sportswear’s revenue was up 2.1% on a year-over-year basis. Equities research analysts anticipate that Columbia Sportswear will post 5.17 earnings per share for the current year.
Columbia Sportswear Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Tuesday, August 16th. Columbia Sportswear’s dividend payout ratio is currently 23.76%.
Analyst Ratings Changes
Several equities analysts have recently commented on COLM shares. Cowen boosted their price target on shares of Columbia Sportswear from $85.00 to $86.00 and gave the company an outperform rating in a report on Tuesday. StockNews.com cut shares of Columbia Sportswear from a buy rating to a hold rating in a report on Friday, August 5th. Cowen upped their price objective on shares of Columbia Sportswear from $85.00 to $86.00 and gave the stock an outperform rating in a report on Tuesday. Citigroup decreased their price objective on shares of Columbia Sportswear from $98.00 to $80.00 in a report on Thursday, July 28th. Finally, UBS Group decreased their price objective on shares of Columbia Sportswear from $83.00 to $80.00 and set a neutral rating for the company in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Columbia Sportswear presently has an average rating of Hold and an average price target of $86.50.
Insiders Place Their Bets
In other news, CFO Jim A. Swanson bought 500 shares of the business’s stock in a transaction on Monday, August 29th. The stock was purchased at an average price of $72.99 per share, with a total value of $36,495.00. Following the transaction, the chief financial officer now directly owns 5,197 shares in the company, valued at $379,329.03. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 42.37% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE raised its position in shares of Columbia Sportswear by 19.8% during the first quarter. US Bancorp DE now owns 823 shares of the textile maker’s stock valued at $75,000 after buying an additional 136 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Columbia Sportswear by 14.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,112 shares of the textile maker’s stock valued at $192,000 after buying an additional 264 shares during the last quarter. Credit Suisse AG raised its position in shares of Columbia Sportswear by 0.8% during the second quarter. Credit Suisse AG now owns 32,444 shares of the textile maker’s stock valued at $2,322,000 after buying an additional 264 shares during the last quarter. Yousif Capital Management LLC raised its position in shares of Columbia Sportswear by 1.9% during the first quarter. Yousif Capital Management LLC now owns 18,561 shares of the textile maker’s stock valued at $1,680,000 after buying an additional 353 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Columbia Sportswear during the first quarter valued at about $45,000. Institutional investors and hedge funds own 48.56% of the company’s stock.
Columbia Sportswear Company Profile
Columbia Sportswear Company, together with its subsidiaries, designs, sources, 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 that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.
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