News articles about Columbia Sportswear (NASDAQ:COLM) have been trending very positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Columbia Sportswear earned a daily sentiment score of 0.54 on Accern’s scale. Accern also assigned news stories about the textile maker an impact score of 43.6410244066816 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Columbia Sportswear (COLM) Given a $77.00 Price Target at DA Davidson (americanbankingnews.com)
- ETFs with exposure to Columbia Sportswear Co. : December 4, 2017 (finance.yahoo.com)
- Columbia Sportswear Company Announces New Management Appointments within Finance, Legal and Manufacturing (finance.yahoo.com)
- Brokerages Expect Columbia Sportswear Company (COLM) Will Announce Earnings of $1.10 Per Share (americanbankingnews.com)
Several research analysts have commented on COLM shares. Zacks Investment Research raised shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Citigroup lifted their price objective on shares of Columbia Sportswear from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Pivotal Research reaffirmed a “buy” rating and set a $74.00 price objective (up from $72.00) on shares of Columbia Sportswear in a report on Friday, October 27th. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 price objective on shares of Columbia Sportswear in a report on Sunday, October 22nd. Finally, Cowen set a $58.00 price objective on shares of Columbia Sportswear and gave the stock a “hold” rating in a report on Monday, August 21st. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $65.31.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. The firm had revenue of $747.37 million for the quarter, compared to analysts’ expectations of $735.67 million. During the same quarter in the previous year, the company earned $1.18 earnings per share. The company’s revenue for the quarter 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 fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th were given a $0.19 dividend. This is a boost 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 dividend on an annualized basis and a dividend yield of 1.09%. Columbia Sportswear’s payout ratio is presently 27.24%.
In related news, Director Malia H. Wasson sold 900 shares of the business’s stock in a transaction dated 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 owns 1,089 shares in the company, valued at $67,169.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Walter Klenz sold 11,608 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $66.05, for a total transaction of $766,708.40. Following the transaction, the director now owns 21,619 shares in the company, valued at approximately $1,427,934.95. The disclosure for this sale can be found here. 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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