Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail 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 activities on snow and ice, sandals and shoes for use in water activities, and function-first fashion footwear and casual shoes for everyday use. The company sells its products under the Columbia, Mountain Hardwear, SOREL, and prAna brand names through the company owned network of branded and outlet retail stores, brand-specific e-commerce sites, and concession-based arrangements with third-parties at branded outlet and shop-in-shop retail locations, as well as through independently operated 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 headquartered in Portland, Oregon.
Columbia Sportswear Stock Up 0.2 %
Shares of COLM opened at $76.39 on Monday. The company has a 50 day moving average of $74.21 and a two-hundred day moving average of $82.81. Columbia Sportswear has a twelve month low of $68.29 and a twelve month high of $107.50. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 1.82 and a beta of 0.89.
Columbia Sportswear (NASDAQ:COLM - Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The textile maker reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.07. Columbia Sportswear had a return on equity of 17.87% and a net margin of 10.13%. The firm had revenue of $578.06 million during the quarter, compared to analysts' expectations of $592.35 million. During the same quarter last year, the firm earned $0.61 EPS. The business's quarterly revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts expect that Columbia Sportswear will post 5.18 EPS for the current year.
Columbia Sportswear Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.57%. Columbia Sportswear's dividend payout ratio (DPR) is currently 23.76%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on COLM. Cowen dropped their price objective on Columbia Sportswear from $116.00 to $100.00 in a research note on Friday, May 13th. Citigroup cut their price target on Columbia Sportswear from $98.00 to $80.00 in a research note on Thursday, July 28th. Stifel Nicolaus lowered their price objective on shares of Columbia Sportswear from $100.00 to $81.00 in a research note on Wednesday, July 20th. UBS Group dropped their target price on shares of Columbia Sportswear from $83.00 to $80.00 and set a "neutral" rating on the stock in a report on Thursday, July 28th. Finally, Robert W. Baird reduced their price target on shares of Columbia Sportswear from $85.00 to $82.00 and set a "neutral" rating for the company in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $89.38.