Columbia Sportswear (NASDAQ: COLM) Releases Fiscal 2021 Profit Guidance
Columbia Sportswear (NASDAQ: COLM) on Monday updated its earnings guidance for fiscal 2021. The company provided earnings per share (EPS) guidance of $ 4.300 to $ 4.550 for the period, compared to the Thomson Reuters consensus estimate of $ 4,430. The company released a revenue forecast of $ 3.13 billion to $ 3.16 billion, compared to the consensus revenue estimate of $ 3.08 billion.
Several equity analysts have recently weighed on the company. Robert W. Baird increased his target price on Columbia Sportswear from $ 120.00 to $ 130.00 and gave the stock an outperformance rating in a research report on Thursday, June 10. Pivotal Research reiterated a hold note and set a price target of $ 116.00 on Columbia Sportswear shares in a research report released on Wednesday, July 28. TheStreet downgraded Columbia Sportswear from a c + rating to a b- rating in a research report released on Wednesday, June 16. Finally, Zacks Investment Research downgraded Columbia Sportswear from a buy rating to a maintenance rating and set a target price of $ 106.00 on the stock. in a research report on Tuesday, July 6. Four analysts gave the stock a conservation rating and four gave the company’s stock a buy rating. The stock has a consensual buy rating and an average target price of $ 115.14.
COLM stock opened at $ 103.09 on Monday. Columbia Sportswear has a one-year low of $ 73.11 and a one-year high of $ 114.98. The company has a market cap of $ 6.85 billion, a price / earnings ratio of 26.92, a P / E / G ratio of 0.67, and a beta of 0.87. The company has a 50-day moving average of $ 100.42.
Columbia Sportswear (NASDAQ: COLM) last released its quarterly results on Sunday, August 1. The textile maker reported EPS of $ 0.61 for the quarter, beating analyst consensus estimates of ($ 0.08) by $ 0.69. The company posted revenue of $ 566.37 million in the quarter, compared to a consensus estimate of $ 503.02 million. Columbia Sportswear reported a return on equity of 14.00% and a net margin of 9.08%. Columbia Sportswear revenue for the quarter increased 78.9% year-over-year. In the same quarter of the previous year, the company posted ($ 0.77) earnings per share. Research analysts predict that Columbia Sportswear will post earnings per share of 4.62 for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 26. Investors of record on Thursday August 12 will receive a dividend of $ 0.26. This represents a dividend of $ 1.04 on an annualized basis and a return of 1.01%. The ex-dividend date is Wednesday August 11. Columbia Sportswear’s dividend payout ratio is currently 64.20%.
About Columbia Sportswear
Columbia Sportswear Company, along with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and gear in the United States, Latin America, Asia- Pacific, Europe, Middle East, Africa and Canada. The company provides clothing, accessories and equipment used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running, water sports, yoga, golf and adventure travel.
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