News coverage about Columbia Sportswear (NASDAQ:COLM) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative 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 nearest to one being the most favorable. Columbia Sportswear earned a news impact score of 0.04 on Accern’s scale. Accern also assigned media coverage about the textile maker an impact score of 48.2745654308647 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- FY2017 EPS Estimates for Columbia Sportswear Company (COLM) Cut by Analyst (americanbankingnews.com)
- How Wall Street Views Columbia Sportswear after Its 3Q17 Earnings (marketrealist.com)
- Columbia Sportswear Is Warming Up to an Upside Move (finance.yahoo.com)
- Columbia Sportswear Beats Earnings, Revenue Projections in 3Q17 (finance.yahoo.com)
- What Drove Columbia Sportswear’s 3Q17 Top Line? (finance.yahoo.com)
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.10. The company had revenue of $747.37 million for 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 12.45%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 EPS.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be issued a $0.19 dividend. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, November 15th. Columbia Sportswear’s payout ratio is 25.81%.
A number of analysts have commented on the stock. Canaccord Genuity set a $60.00 price target on shares of Columbia Sportswear and gave the company a “hold” rating in a research note on Friday, October 27th. Citigroup Inc. increased their price target on shares of Columbia Sportswear from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Stifel Nicolaus increased their price target on shares of Columbia Sportswear from $60.00 to $62.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Pivotal Research reiterated a “buy” rating and issued a $74.00 price target (up previously from $72.00) on shares of Columbia Sportswear in a research note on Friday, October 27th. Finally, FBR & Co reiterated a “buy” rating and issued a $68.00 price target on shares of Columbia Sportswear in a research note on Friday, October 27th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $64.92.
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In related news, Director Edward S. George sold 6,664 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $56.90, for a total value of $379,181.60. Following the transaction, the director now directly owns 8,664 shares of the company’s stock, valued at approximately $492,981.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 58.86% of the stock is currently owned by insiders.
Columbia Sportswear Company Profile
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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