Press coverage about Columbia Sportswear (NASDAQ:COLM) has trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Columbia Sportswear earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave press coverage about the textile maker an impact score of 48.0640680571509 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Columbia Sportswear (NASDAQ COLM) traded down $0.01 during midday trading on Thursday, hitting $69.58. 126,372 shares of the stock traded hands, compared to its average volume of 248,089. Columbia Sportswear has a 52-week low of $51.56 and a 52-week high of $71.65. The firm has a market capitalization of $4,817.29, a price-to-earnings ratio of 24.71, a P/E/G ratio of 2.62 and a beta of 0.89.
Columbia Sportswear (NASDAQ:COLM) last posted its 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. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. The company had revenue of $747.37 million for the quarter, compared to analyst estimates of $735.67 million. During the same quarter in the prior year, the business posted $1.18 EPS. The firm’s revenue was up .2% compared to the same quarter last year. equities research analysts anticipate that Columbia Sportswear will post 2.71 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th were paid a $0.19 dividend. This is a positive change from Columbia Sportswear’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $0.76 annualized dividend and a yield of 1.09%. Columbia Sportswear’s dividend payout ratio (DPR) is 27.24%.
A number of brokerages have recently issued reports on COLM. Pivotal Research restated a “buy” rating and set a $74.00 price objective (up previously from $72.00) on shares of Columbia Sportswear in a report on Friday, October 27th. Stifel Nicolaus reiterated a “hold” rating and issued a $60.00 price target on shares of Columbia Sportswear in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. B. Riley restated a “buy” rating on shares of Columbia Sportswear in a research report on Wednesday, November 1st. Finally, DA Davidson set a $77.00 price objective on shares of Columbia Sportswear and gave the company a “buy” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $65.31.
In other news, Director Walter Klenz sold 11,608 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $66.05, for a total transaction of $766,708.40. Following the completion of the transaction, the director now directly owns 21,619 shares of the company’s stock, valued at approximately $1,427,934.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Malia H. Wasson sold 900 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $61.68, for a total transaction of $55,512.00. Following the transaction, the director now directly owns 1,089 shares of the company’s stock, valued at $67,169.52. The disclosure for this sale can be found here. Company insiders own 58.86% of the company’s stock.
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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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