Columbia Sportswear (NASDAQ:COLM) Earns Daily Media Impact Rating of 0.08
Media coverage about Columbia Sportswear (NASDAQ:COLM) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Columbia Sportswear earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the textile maker an impact score of 46.9892360952285 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Financial Analysis: Columbia Sportswear (NASDAQ:COLM) vs. lululemon athletica inc. (LULU) (americanbankingnews.com)
- Columbia unveils sweeping apparel recycling program (bizjournals.com)
- Ex-Dividend Reminder: Columbia Sportswear, Gildan Activewear and Archer Daniels Midland (nasdaq.com)
- See what the IHS Markit Score report has to say about Columbia Sportswear Co. (finance.yahoo.com)
- $745.91 Million in Sales Expected for Columbia Sportswear Company (NASDAQ:COLM) This Quarter (americanbankingnews.com)
COLM has been the topic of a number of research reports. B. Riley restated a “neutral” rating and issued a $61.00 price target on shares of Columbia Sportswear in a report on Tuesday, April 25th. Canaccord Genuity lowered Columbia Sportswear from a “buy” rating to a “hold” rating and cut their price target for the company from $64.00 to $60.00 in a report on Friday, April 28th. Forward View lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Saturday, May 13th. Goldman Sachs Group, Inc. (The) lowered Columbia Sportswear from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, May 23rd. Finally, Buckingham Research restated a “neutral” rating and issued a $58.00 price target on shares of Columbia Sportswear in a report on Monday, July 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $63.45.
Shares of Columbia Sportswear (COLM) opened at 58.21 on Friday. Columbia Sportswear has a 52-week low of $51.56 and a 52-week high of $63.55. The company has a 50 day moving average price of $57.74 and a 200-day moving average price of $56.69. The firm has a market cap of $4.06 billion, a P/E ratio of 21.22 and a beta of 0.80.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, July 27th. The textile maker reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $394.53 million. During the same quarter last year, the firm earned ($0.12) EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts expect that Columbia Sportswear will post $2.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be given a $0.18 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $0.72 annualized dividend and a yield of 1.24%. Columbia Sportswear’s payout ratio is 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 value of $95,175.84. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $107,180. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 58.86% of the stock is currently owned by company insiders.
About Columbia Sportswear
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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