Price movement of Columbia Sportswear
Columbia Sportswear (COLM) has a market cap of $4.1 billion. COLM fell by 0.31% to close at $58.34 per share as of February 22, 2016. The price movement on a weekly, monthly, and year-to-date (or YTD) basis was 5.0%, 23.6%, and 19.7%, respectively.
At times, the stock has broken the support of all moving day averages. Currently, COLM is trading 10.8% above its 20-day moving average, 18.9% above its 50-day moving average, and 4.4% above its 200-day moving average.
The Guggenheim Mid-Cap Core ETF (CZA) invests 0.46% of its holdings in Columbia Sportswear. The ETF tracks the Zacks Mid-Cap Core Index, a proprietary selected portfolio of 100 midcap stocks that seeks to outperform pure market-cap indexes. The YTD price movement of CZA was -8.2% as of February 19, 2016.
The market caps of Columbia Sportswear’s competitors are as follows:
Columbia Sportswear appointed John Walbrecht as president
John Christian Walbrecht has been appointed as president of Columbia Sportswear’s Mountain Hardwear brand, effective March 7, 2016. Walbrecht will be responsible for all aspects of Mountain Hardwear’s global brand positioning and go-to-market product, sales, and marketing strategies.
Columbia Sportswear performance in fiscal 4Q15 and fiscal 2015
Columbia Sportswear (COLM) reported fiscal 4Q15 net sales of $699.4 million, a rise of 3.3% compared to net sales of $677.0 million in fiscal 4Q14. Sales of Columbia, Sorel, prAna, and Mountain Hardwear brands rose by 0.19%, 14.3%, 38.5%, and 1.7%, respectively, in fiscal 4Q15 compared to fiscal 4Q14.
The company’s net income and EPS (earnings per share) rose to $63.4 million and $0.90, respectively, in fiscal 4Q15, compared to $55.6 million and $0.79, respectively, in fiscal 4Q14.
Fiscal 2015 results
In fiscal 2015, Columbia Sportswear reported net sales of $2,326.2 million, a rise of 10.7% YoY (year-over-year). Its net income and EPS rose to $174.3 million and $2.45, respectively, in fiscal 2015, compared to $137.2 million and $1.94, respectively, in fiscal 2014.
Meanwhile, its cash and cash equivalents fell by 10.6%, and inventories rose by 23.1% in fiscal 2015. Its current ratio rose to 3.41x in fiscal 2015 compared to 3.39x in fiscal 2014.
The company has declared a regular quarterly dividend of $0.17 per share on its common stock. The dividend will be paid on March 17, 2016, to shareholders at the close of business on March 4, 2016.
The PE (price-to-earnings) and PBV (price-to-book value) ratios of Columbia Sportswear are 23.7x and 2.9x, respectively, as of February 22, 2016.
Columbia Sportswear (COLM) has made the following projections for fiscal 2016:
- net sales growth of mid-single-digits, including ~1% negative effect from the changes in currency exchange rates
- operating income in the range of $257 million–$267 million
- net income in the range of $179 million–$186 million
- EPS in the range of $2.55–$2.65
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