Media headlines about Columbia Sportswear Company (NASDAQ:COLM) have been trending somewhat negative recently, AlphaOne reports. The research firm, a unit of Accern, identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Columbia Sportswear Company earned a news impact score of -0.11 on AlphaOne’s scale. AlphaOne also gave news articles about the textile maker an impact score of 76 out of 100, meaning that recent news coverage is likely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have impacted Alpha One Sentiment’s scoring:
Columbia Sportswear Company (COLM) opened at 55.64 on Tuesday. The stock has a market capitalization of $3.88 billion, a PE ratio of 20.01 and a beta of 0.78. Columbia Sportswear Company has a 12-month low of $51.56 and a 12-month high of $63.55. The stock’s 50 day moving average price is $56.09 and its 200-day moving average price is $56.92. Columbia Sportswear Company (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, April 27th. The textile maker reported $0.51 EPS for the quarter, topping the consensus estimate of $0.41 by $0.10. The firm had revenue of $543.80 million for the quarter, compared to analysts’ expectations of $533.82 million. Columbia Sportswear Company had a net margin of 8.07% and a return on equity of 12.77%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS. Analysts expect that Columbia Sportswear Company will post $2.80 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Thursday, May 18th were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.29%. Columbia Sportswear Company’s payout ratio is 26.57%. Several research analysts have recently weighed in on COLM shares. B. Riley reaffirmed a “neutral” rating and set a $61.00 target price on shares of Columbia Sportswear Company in a research note on Sunday, April 30th. Zacks Investment Research raised Columbia Sportswear Company from a “sell” rating to a “hold” rating in a research note on Wednesday, March 8th. Guggenheim reissued a “buy” rating and issued a $55.00 price objective on shares of Columbia Sportswear Company in a research note on Friday, February 10th. Canaccord Genuity downgraded Columbia Sportswear Company from a “buy” rating to a “hold” rating and reduced their price objective for the company from $64.00 to $60.00 in a research note on Friday, April 28th. Finally, FBR & Co reissued an “outperform” rating and issued a $68.00 price objective on shares of Columbia Sportswear Company in a research note on Friday, February 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Columbia Sportswear Company currently has a consensus rating of “Hold” and an average price target of $64.42.
In other Columbia Sportswear Company news, COO Bryan Timm sold 4,012 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $57.73, for a total transaction of $231,612.76. Following the transaction, the chief operating officer now owns 83,649 shares in the company, valued at approximately $4,829,056.77. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thomas B. Cusick sold 30,000 shares of the stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $58.50, for a total transaction of $1,755,000.00. Following the transaction, the executive vice president now owns 47,326 shares in the company, valued at approximately $2,768,571. The disclosure for this sale can be found here. In the last quarter, insiders sold 205,908 shares of company stock worth $11,910,370. 62.12% of the stock is owned by company insiders. About Columbia Sportswear Company