COLM
Columbia Sportswear Company
Consumer
02/27/2014
Presented
| Date | 02/25/2014 |
| Price | $41.03 |
| Market Cap | $2.83B |
| Ent Value | $2.31B |
| P/E Ratio | 29.34x |
| Book Value | $9.62 |
| Div Yield | 1.1% |
| Shares O/S | 69.00M |
| Ave Daily Vol | 200,000 |
| Short Int | 4.52% |
Current
| Price | $81.66 |
| Market Cap | $4.78B |
| Columbia Sportswear Company, together with its subsidiaries, engages in the design, development, sourcing, marketing, and distribution of outdoor apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. It provides apparel, accessories, and equipment for men, women, and youth under Columbia and Mountain Hardwear brands used during outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, and adventure travel. The company also offers footwear products, including durable and lightweight hiking boots, trail running shoes, rugged cold weather boots, sandals, and casual shoes for men and women under the Columbia, Sorel, and Montrail brands, as well as for youth under the Columbia and Sorel brands. Columbia Sportswear Company sells its products through wholesale distribution channels, direct-to-consumer channels, independent distributors, and licensees, as well as online to independent distributors and consumers. As of December 31, 2012, it operated 55 outlet retail stores and 8 branded retail stores in the United States; 7 outlet retail stores and 3 branded retail stores in various locations in Western Europe; and 1 outlet retail store in Canada, as well as 124 and 258 dealer-operated, branded, outlet, and shop-in-shop locations in Japan and Korea. Columbia Sportswear Company was founded in 1938 and is headquartered in Portland, Oregon. |
Please note, this stock split on 09/29/2014 at a ratio of 2/1. The presented data has been updated to account for the change, however, the text of the note may refer to data based on the original presented price of $82.05.
Highlights
The presenter is short shares of Columbia Sportswear (COLM) following a robust winter sales season. The stock has climbed ~45% since bottoming out in late August, 2013, and the expectation in the market appears to be that they can improve operating margins from 8% to 12%. However, the presenter contends that the company simply benefited from extremely cold weather and nothing else has materially changed.
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