Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia- Pacific, Europe, Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel. It also offers footwear products that include lightweight hiking boots, trail running shoes, rugged cold weather boots for snow and ice activities, sandals and shoes for water activities, as well as functional fashion shoes and casual shoes for everyday use. The Company sells its products under the Columbia, Mountain Hardwear, SOREL and prAna brands through the Company’s network of branded stores and outlets, brand-specific e-commerce sites and franchise agreements. with third parties at branded outlets. and in-store retail outlets, as well as specialty outdoor and sporting goods stores, sporting goods chains, department store chains, Internet retailers and international distributors. As of December 31, 2021, it operated approximately 455 retail stores. The company was founded in 1938 and is based in Portland, Oregon.
Columbia sportswear stock down 2.0%
NASDAQ:COLM fell $1.55 on Friday, hitting $75.88. The company’s stock had a trading volume of 220,306 shares, compared to an average volume of 415,652. Columbia Sportswear has a 12-month low of $68.29 and a 12-month high of $107.50. The stock has a 50-day moving average price of $74.07 and a 200-day moving average price of $82.42. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 15.03, a growth price-to-earnings ratio of 1.84 and a beta of 0.89.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released quarterly earnings data on Wednesday, July 27. The textile maker reported earnings per share (EPS) of $0.11 for the quarter, beating the consensus estimate of $0.04 by $0.07. The company posted revenue of $578.06 million for the quarter, versus analyst estimates of $592.35 million. Columbia Sportswear had a net margin of 10.13% and a return on equity of 17.87%. Columbia Sportswear’s revenue increased 2.1% year over year. During the same period of the previous year, the company achieved EPS of $0.61. Equity research analysts expect Columbia Sportswear to post EPS of 5.18 for the current fiscal year.
Columbia Sportswear Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 31. Investors of record on Wednesday August 17 will receive a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 16. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 1.58%. Columbia Sportswear’s payout ratio is currently 23.76%.
Wall Street analysts predict growth
A number of brokerages have recently released reports on COLM. Bank of America downgraded Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its price target for the stock from $108.00 to $80.00 in a Friday research note April 29. Citigroup lowered its price target on shares of Columbia Sportswear from $98.00 to $80.00 in a report Thursday, July 28. Stifel Nicolaus lowered his price target on Columbia Sportswear shares from $100.00 to $81.00 in a Wednesday, July 20 research report. Robert W. Baird cut his price target on Columbia Sportswear shares from $85.00 to $82.00 and set a “neutral” rating for the company in a Thursday, July 28 report. Finally, Cowen lowered its target price on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 report. One financial analyst gave the stock a sell rating, five gave the company a hold rating and three gave the company a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $89.38.