Columbia Sportswear (COLM) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Columbia Sportswear (NASDAQ: COLM) in the last few weeks:

  • 11/1/2017 – Columbia Sportswear had its “buy” rating reaffirmed by analysts at B. Riley.
  • 10/27/2017 – Columbia Sportswear had its “buy” rating reaffirmed by analysts at FBR & Co. They now have a $68.00 price target on the stock. They wrote, “COLM posted 3Q EPS of $1.25 versus FBR/consensus of $1.14/$1.15, driven by better margins and stronger than expected revenue. Total revenue growth was +0.2% (versus FBR/consensus of -5.2%/-1.3%), driven by a strong Columbia result and positive international sales. Management reiterated 2017 guidance of +3% top line (versus FBR/consensus of +1.8%/+2.8%) and altered EPS guidance to $2.60– $2.70 from $2.74-$2.84, including a $0.14 per share impact related to Project CONNECT (versus FBR/consensus of $2.79/$2.81). Management did note that a shift in wholesale orders from 3Q into 4Q will benefit 4Q17. Based on advanced orders for Spring 2018, management indicated that they expect U.S. wholesale to turn positive for 1H18. COLM continues to be a outperformer in a tough environment, and we believe it is well positioned to continue to gain share, particularly as we enter winter 2017 with improved inventory positions.””
  • 10/27/2017 – Columbia Sportswear had its “buy” rating reaffirmed by analysts at Pivotal Research. They now have a $74.00 price target on the stock, up previously from $72.00. They wrote, “We can appreciate COLM’s desire to remain conservative with its guidance, but the one thing that immediately jumps out at us on the default guidance is that 4Q SG&A is planned up 80bp (or $20M) to get to COLM’s FY17 SG&A outlook, and we believe the company will likely do better than this.””
  • 10/27/2017 – Columbia Sportswear had its price target raised by analysts at Stifel Nicolaus from $60.00 to $62.00. They now have a “hold” rating on the stock.
  • 10/27/2017 – 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.
  • 10/27/2017 – Columbia Sportswear had its price target raised by analysts at Citigroup Inc. from $68.00 to $73.00. They now have a “buy” rating on the stock.
  • 10/22/2017 – Columbia Sportswear had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $68.00 price target on the stock.
  • 10/20/2017 – Columbia Sportswear was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Columbia Sportswearhave underperformed the industry over the past six month, as the company has been facing challenges in the U.S. region, especially in its wholesale front. Several of its customers in the U.S have announced store closures, bankruptcies, or plans to restructure or liquidate. Further, Columbia and prAna brands are suffering setbacks in Korea as there is a general shift of consumer preference. Moreover, due to its significant exposure in the international markets, it remains prone to currency fluctuations. However the company has been gaining from the improved performance of its SOREL brand and growth in its Europe-direct business that favorably impacted the company’s top line during the second quarter of 2017. Columbia Sportswear is also on track with its Project CONNECT that aids accelerating its performance as a brand and consumer focused organization.”
  • 10/5/2017 – Columbia Sportswear is now covered by analysts at Pivotal Research. They set a “buy” rating and a $72.00 price target on the stock.
  • 10/4/2017 – Columbia Sportswear had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $60.00 price target on the stock.
  • 9/17/2017 – Columbia Sportswear had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $68.00 price target on the stock.

Columbia Sportswear Company (NASDAQ:COLM) traded up $0.29 during trading on Tuesday, reaching $62.81. 186,100 shares of the company’s stock traded hands, compared to its average volume of 253,577. The firm has a market cap of $4,368.68, a price-to-earnings ratio of 22.41, a PEG ratio of 2.38 and a beta of 0.85. Columbia Sportswear Company has a 1 year low of $51.56 and a 1 year high of $67.60.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, October 26th. The textile maker reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.10. The company had revenue of $747.37 million during the quarter, compared to the consensus estimate of $735.67 million. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.18 earnings per share. equities research analysts predict that Columbia Sportswear Company will post 2.71 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.21%. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, November 15th. Columbia Sportswear’s payout ratio is currently 25.81%.

In other Columbia Sportswear news, Director Malia H. Wasson sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $61.68, for a total value of $55,512.00. Following the completion of the sale, the director now directly owns 1,089 shares of the company’s stock, valued at $67,169.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward S. George sold 6,664 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $56.90, for a total transaction of $379,181.60. Following the completion of the sale, the director now directly owns 8,664 shares of the company’s stock, valued at $492,981.60. The disclosure for this sale can be found here. 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.

Receive News & Ratings for Columbia Sportswear Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Sportswear Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply