Columbia Sportswear Company (COLM) to Post Q1 2017 Earnings of $0.41 Per Share, B. Riley Forecasts

Columbia Sportswear Company (NASDAQ:COLM) – Stock analysts at B. Riley issued their Q1 2017 earnings estimates for Columbia Sportswear Company in a research report issued on Friday. B. Riley analyst M. Kummetz forecasts that the brokerage will post earnings per share of $0.41 for the quarter. B. Riley has a “Neutral” rating and a $61.00 price objective on the stock. B. Riley also issued estimates for Columbia Sportswear Company’s Q2 2017 earnings at ($0.15) EPS, Q3 2017 earnings at $1.39 EPS, Q4 2017 earnings at $1.17 EPS, FY2017 earnings at $2.82 EPS, FY2018 earnings at $3.06 EPS and FY2019 earnings at $3.33 EPS.

A number of other equities analysts have also commented on COLM. Brean Capital reissued a “hold” rating on shares of Columbia Sportswear Company in a research note on Monday, October 31st. FBR & Co reaffirmed an “outperform” rating and set a $68.00 price target on shares of Columbia Sportswear Company in a research note on Friday. Wedbush initiated coverage on Columbia Sportswear Company in a research note on Tuesday, November 1st. They set an “outperform” rating and a $67.00 price target on the stock. Buckingham Research initiated coverage on Columbia Sportswear Company in a research note on Thursday, October 20th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research raised Columbia Sportswear Company from a “sell” rating to a “hold” rating in a research note on Wednesday, December 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $65.25.

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

“Columbia Sportswear Company (COLM) to Post Q1 2017 Earnings of $0.41 Per Share, B. Riley Forecasts” was originally reported by sleekmoney and is owned by of sleekmoney. If you are reading this report on another site, it was copied illegally and reposted in violation of US and international trademark & copyright law. The legal version of this report can be read at http://sleekmoney.com/columbia-sportswear-company-colm-to-post-q1-2017-earnings-of-0-41-per-share-b-riley-forecasts/1659677.html.

Columbia Sportswear Company (NASDAQ:COLM) opened at 58.07 on Monday. The company’s 50-day moving average price is $55.73 and its 200 day moving average price is $57.09. The company has a market capitalization of $4.06 billion, a PE ratio of 21.35 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.

Columbia Sportswear Company (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, February 9th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.10. Columbia Sportswear Company had a return on equity of 12.77% and a net margin of 8.07%. The firm had revenue of $717.40 million for the quarter, compared to analysts’ expectations of $758.88 million. During the same period last year, the business posted $0.90 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis.

Several large investors have recently made changes to their positions in the company. Huntington National Bank increased its stake in shares of Columbia Sportswear Company by 21.5% in the second quarter. Huntington National Bank now owns 4,426 shares of the company’s stock valued at $255,000 after buying an additional 783 shares during the period. TrimTabs Asset Management LLC acquired a new stake in shares of Columbia Sportswear Company during the second quarter valued at about $1,552,000. Tygh Capital Management Inc. increased its stake in shares of Columbia Sportswear Company by 59.6% in the second quarter. Tygh Capital Management Inc. now owns 81,099 shares of the company’s stock valued at $4,666,000 after buying an additional 30,295 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Columbia Sportswear Company by 19.2% in the second quarter. UBS Asset Management Americas Inc. now owns 13,650 shares of the company’s stock valued at $785,000 after buying an additional 2,200 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in shares of Columbia Sportswear Company by 14.1% in the second quarter. Teacher Retirement System of Texas now owns 3,929 shares of the company’s stock valued at $226,000 after buying an additional 485 shares during the period. Institutional investors own 38.11% of the company’s stock.

“Columbia Sportswear Company (COLM) to Post Q1 2017 Earnings of $0.41 Per Share, B. Riley Forecasts” was originally reported by sleekmoney and is owned by of sleekmoney. If you are reading this report on another site, it was copied illegally and reposted in violation of US and international trademark & copyright law. The legal version of this report can be read at http://sleekmoney.com/columbia-sportswear-company-colm-to-post-q1-2017-earnings-of-0-41-per-share-b-riley-forecasts/1659677.html.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 22nd. Shareholders of record on Thursday, March 9th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, March 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.24%. Columbia Sportswear Company’s dividend payout ratio (DPR) is currently 26.57%.

About Columbia Sportswear Company

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.

5 Day Chart for NASDAQ:COLM

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