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Stock Market & Financial Investment News

News Breaks
July 29, 2014
07:48 EDTCOLMColumbia Sportswear upgraded to Hold from Sell at McAdams Wright
News For COLM From The Last 14 Days
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February 12, 2016
12:12 EDTCOLMColumbia Sportswear soars after results, guidance top estimates
Shares of Columbia Sportswear (COLM), a provider of active lifestyle apparel and accessories, are rallying after the company's fourth quarter results topped analysts' consensus estimates. Additionally, the company issued guidance for fiscal year 2016 that was above estimates. WHAT'S NEW: After the close yesterday, Columbia Sportswear reported Q4 earnings per share of 90c and revenue of $699.4M, beating analysts' consensus estimates of 76c and $684.6M, respectively. Net operating income and sales were both records for the company in the quarter, it said. GUIDANCE: Looking ahead to FY16, Columbia Sportswear forecast EPS of $2.55-$2.65, versus estimates of $2.55. The company also forecast mid-single-digit net sales growth for the fiscal year, including approximately 1 percentage point negative effect from changes in currency exchange rates, compared analysts' estimates of $2.45B. The company said it expects FY16 gross margins to improve by up to 40 basis points and said it expects selling, general and administrative expenses to increase at a rate slightly faster than net sales, resulting in approximately 40 basis points of SG&A expense deleverage, including a planned increase in global demand-creation spend to 5.4% of sales from 5.2% in 2015. CEO COMMENTARY: Columbia Sportswear Chief Executive Officer Tim Boyle said 2015 was an "outstanding" year that included expanded operating margins and "record" net sales, and said its balance sheet provides "financial flexibility" to continue to drive sales growth and expand margins in 2016. PRICE ACTION: At midday, Columbia Sportswear rose $7.43, or 15.5%, to $55.37 on more than four times its average daily trading volume. Including the advance, the stock is up approximately 28% over the past 12 months. OTHERS TO WATCH: Other providers of active lifestyle apparel and accessories include Deckers Outdoor (DECK), up 1.2%, and Wolverine World Wide (WWW), up 2%.
06:36 EDTCOLMOptions expected to be active: AIG WYNN P ATVI Z COLM FEYE NUS GRPN JPM CBS
February 11, 2016
16:53 EDTCOLMColumbia Sportswear up over 8% to $52.00 following Q4 results, guidance
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16:11 EDTCOLMColumbia Sportswear sees FY16 gross margins improving up to 40 bps
16:11 EDTCOLMColumbia Sportswear sees FY16 EPS $2.55-$2.65, consensus $2.55
Sees FY16 mid-single-digit net sales growth, including approximately 1 percentage point negative effect from changes in currency exchange rates, consensus $2.45B.
16:10 EDTCOLMColumbia Sportswear reports Q4 EPS 90c, consensus 76c
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February 4, 2016
11:46 EDTCOLMOptions with increasing put volume
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