Analysts’ Weekly Ratings Updates for Columbia Sportswear (COLM)

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

  • 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 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.
  • 10/27/2017 – 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.
  • 10/22/2017 – 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.

Shares of Columbia Sportswear Company (NASDAQ:COLM) traded down 2.38% during mid-day trading on Monday, hitting $63.59. 369,257 shares of the stock were exchanged. The company has a 50-day moving average price of $60.56 and a 200-day moving average price of $57.88. Columbia Sportswear Company has a 12 month low of $51.56 and a 12 month high of $67.60. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 23.18 and a beta of 0.82.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.10. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.45%. The business had revenue of $747.37 million during the quarter, compared to analysts’ expectations of $735.67 million. During the same quarter in the prior year, the company earned $1.18 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Equities analysts expect that Columbia Sportswear Company will post $2.76 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Wednesday, November 15th. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.18. Columbia Sportswear’s dividend payout ratio is 25.81%.

In other Columbia Sportswear news, Director Edward S. George sold 6,664 shares of the stock in a transaction dated 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 transaction, the director now owns 8,664 shares in the company, valued at approximately $492,981.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 58.86% of the stock is currently owned by corporate insiders.

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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