Sportswear Stock Struggles to Recover Lost Ground

COLM is down 4% since the start of the year

facebook X logo linkedin


Columbia Sportswear Company (NASDAQ:COLM) is an American company that manufactures and distributes lifestyle apparel, footwear, accessories, and outerwear equipment. COLM's brands are today sold in approximately 90 countries. At last glance, COLM is down 1.7% at $92.38.

On March 9, Columbia Sportswear Company announced the appointment of Pri Shumate as Chief Marketing Officer for the Columbia brand. In this role, Shumate will report to the Executive V.P. and President of the Columbia brand, Joe Boyle, effective March 14.

Columbia Sportswear stock has decreased about 15% year-over-year and COLM is down 18% since reaching an all-time high of $114.98 last April. Additionally, shares of COLM have dropped 4% year-to-date but Columbia Sportswear stock is currently up 12% from a 52-week low of $83.62 just reached earlier this month. Columbia Sportswear also offers a dividend yield of 1.28% with a forward dividend of $1.20.

Moreover, Columbia Sportswear delivered a strong recovery for fiscal 2021, with annual revenues and net income increasing by 25% and 228%, respectively. The retail company had previously reported an 18% decrease in revenues and a 67% drop in net income for fiscal 2020. In addition, COLM is estimated to see a 12.6% increase in earnings and a 6.2% increase in revenues next year.

From a fundamental point of view, Columbia Sportswear stock also offers a fair valuation and provides a healthy balance sheet. COLM trades at a forward price-earnings ratio of 15.15 and a price-sales ratio of 1.82. The retail name also holds $895 million in cash and $385 million in total debt, making COLM a relatively low-risk investment. However, the businesses’ growth potential is also limited, making Columbia Sportswear stock best suited for long-term value investors.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI