Columbia Sportswear (NASDAQ: COLM) recently received a number of ratings updates from brokerages and research firms:

  • 7/30/2017 – Columbia Sportswear was given a new $60.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.
  • 7/26/2017 – Columbia Sportswear had its “neutral” rating reaffirmed by analysts at Canaccord Genuity.
  • 7/25/2017 – Columbia Sportswear was given a new $60.00 price target on by analysts at Canaccord Genuity. They now have a “hold” rating on the stock.
  • 7/24/2017 – Columbia Sportswear was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Columbia Sportswear have underperformed the industry in the last three months. Despite a robust brand portfolio, strategic partnerships and efforts to strengthen its Sorel brand, Columbia Sportswear has been facing challenges in the U.S. region, mainly in its U.S. wholesale front. This, along with tough geopolitical conditions in Korea is hampering the overall sales of the company. Its Columbia and prAna brands are suffering setbacks in Korea as there is a general shift of consumer preference away from outdoor sector in the region. Moreover, higher excise duties may put pressure on margin and, in turn, mar the overall profitability. Also, currency headwind remains a major concern for the company and is expected to impact negatively in 2017. Notably, the estimates have been stable ahead of the company’s second-quarter 2017 earnings release.”
  • 7/19/2017 – Columbia Sportswear was given a new $58.00 price target on by analysts at Cowen and Company. They now have a “hold” rating on the stock.
  • 7/17/2017 – Columbia Sportswear was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Columbia Sportswear have underperformed the industry in the last three months. Though we remain encouraged by the company's robust brand portfolio, strategic acquisitions and strong eCommerce business, the company has been facing challenges in the U.S. region, mainly in its U.S. wholesale front. This, along with tough geopolitical conditions in Korea is hampering the overall sales of the company. Its Columbia and prAna brands are suffering setbacks in Korea as there is a general shift of consumer preference away from outdoor sector in the region. Moreover, higher excise duties may put pressure on margin and, in turn, mar the overall profitability. Also, currency headwind remains a major concern for the company and is expected to impact negatively in 2017. Notably, the estimates have been stable ahead of the company’s second-quarter 2017 earnings release.”
  • 7/17/2017 – Columbia Sportswear had its “neutral” rating reaffirmed by analysts at Buckingham Research. They now have a $58.00 price target on the stock.

Columbia Sportswear Company (COLM) traded down 0.81% during midday trading on Wednesday, hitting $58.95. 83,420 shares of the company traded hands. The stock’s 50-day moving average price is $57.30 and its 200 day moving average price is $56.58. Columbia Sportswear Company has a 12-month low of $51.56 and a 12-month high of $63.55. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 21.49 and a beta of 0.80.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, July 27th. The textile maker reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.03. Columbia Sportswear had a net margin of 8.01% and a return on equity of 12.31%. The business had revenue of $398.90 million during the quarter, compared to the consensus estimate of $394.53 million. During the same quarter last year, the company posted ($0.12) earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that Columbia Sportswear Company will post $2.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, August 15th. This represents a $0.72 dividend on an annualized basis and a yield of 1.21%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 26.47%.

In related news, Director Edward S. George sold 1,776 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $53.59, for a total transaction of $95,175.84. Following the completion of the sale, the director now owns 2,000 shares in the company, valued at $107,180. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 58.86% of the company’s stock.

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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