Is Columbia Sportswear Still A Great Play On Winter Weather?
Wed, Jun. 8, 2:45 PM
- Lululemon (LULU +5.4%) investors say what's a penny between friends as the company's Q1 EPS miss is largely ignored. Three quotes that explain the Lululemon rally are below.
- "What matters is brand demand remains strong, gross margin recovery is on track and inventories are now in line," observes Jefferies analyst Randal Konik about the report.
- "In terms of the key metrics we were looking for in the quarter, we got everything we wanted and then some," adds Guggenheim's Howard Tubin.
- "We finished the quarter with our inventory levels rebalanced and on track to achieve our goals for the year," notes Lululemon CEO Laurent Potdevin.
- Under Armour (UA +3.8%) and Columbia Sportswear (COLM +2.9%) are both higher on the day after the positive read from Lululemon on pricing and promotional activity.
- Previously: Lululemon Athletica down post Q1 results (June 8)
- Previously: Lululemon spells out the ABCs of men's fashion strategy (June 8)
Sat, May 14, 11:01 AM
- The retail sector stays in focus next week with Target (NYSE:TGT), Wal-Mart (NYSE:WMT), TJX Companies (NYSE:TJX), and Ross Stores (NASDAQ:ROST) all due to report on Q1 earnings to follow on a week of dismal reports and guidance from the department store sector (Nordstrom, L Brands, Macy's, Kohl's). Home improvement chains Home Depot (NYSE:HD) and Lowe's (NYSE:LOW) are also due to spill numbers.
- The story from the Commerce Department's April read of retail sales (+3.0% Y/Y, +1.3% M/M) is one of a consumer spending on housing, entertainment, and personal care/fitness over apparel and general merchandise. The 10% Y/Y gain in the nonstore retailer category also tipped that the Amazon (NASDAQ:AMZN) Effect is magnifying.
- Amplify ETFs CEO Christian Magoon tells Seeking Alpha that the traditional retail model appears to be broken. Amplify's Online Retail ETF (NASDAQ:IBUY) is a bet on companies such as Netflix (NASDAQ:NFLX), GrubHub (NYSE:GRUB), Blue Nile (NASDAQ:NILE), and Shopify (NYSE:SHOP) that are reeling in millennial dollars.
- Magoon on retail: "Traditional retailers face the headwinds of higher cost structures including the very real threat of increasing wages in the form of the $15 minimum wage campaign. Less flexible with inventory management, they also are more vulnerable to issues like weather and changing consumer preferences."
- Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE.
- Apparel stocks: KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, SHOO, PERY, DXLG, BONT, GES, URBN, RL,GIL, NKE, OXM, HBI, VNCE, PERY, ICON, FL.
Thu, Apr. 28, 6:11 PM
Thu, Apr. 28, 4:24 PM
Wed, Apr. 27, 5:35 PM
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Fri, Apr. 8, 10:17 AM
- Apparel stocks are getting hammered after Gap's latest monthly sales dud creates a new ripple of worry.
- There's a little bit of a failed feedback loop going on in the sector as teenagers/young adults skip mall visits to spend on other categories while sellers try to innovate their way out of the box. That innovation is leading to excess inventory which in turn leads to more painful discounting
- Decliners include Lululemon (LULU -1.7%), Kate Spade (KATE -1.4%), Deckers Outdoor (DECK -2.5%), Coach (COH -1.6%), Michael Kors (KORS -2.1%), Columbia Sportswear (COLM -1.8%), Carter's (CRI -1.8%), Hanesbrands (HBI -1.3%), Ascena Retail (ASNA -3.9%), Nordstrom (JWN -3.4%), Chico's FAS (CHS -4.2%), Abercrombie & Fitch (ANF -4%), Urban Outfitters (URBN -2.6%), L Brands (LB -3%), Express (EXPR -2.4%), Guess (GES -2.9%), Tailored Brands (TLRD -1.9%) and Zumiez (ZUMZ -2.8%).
- Now read Sell Your Apparel Stocks
Fri, Feb. 12, 10:54 AM
- Consumer spending in the U.S. showed some strength in January to defy some of the signals being sent by equity markets.
- "The markets may have decided that the U.S. is headed for recession, but obviously no one told U.S. consumers," said econimist Paul Ashworth.
- Though data shows consumers have pulled back on some big-ticket categories to save more, there's some pockets of retail that could surprise this year - especially if gas prices move closer to $1/gallon.
- Companies that consumers interface with daily or weekly are more likely to benefit than those in the luxury discretionary space where falling 401K or profit-sharing plan values weigh a bit heavy on demand (home improvement, jewelry, high-end auto, etc), note analysts.
- Potentially sitting in that sweet space: Ross Stores (NASDAQ:ROST), TJX Companies (NYSE:TJX), Ulta Salon (NASDAQ:ULTA), Columbia Sportswear (NASDAQ:COLM), Skechers (NYSE:SKX), Nike (NYSE:NKE), Foot Locker (NYSE:FL), Dollar General (NYSE:DG), Target (NYSE:TGT), Party City (NYSE:PRTY), Churchill Downs (NASDAQ:CHDN), Isle of Capri (NASDAQ:ISLE), Penn National Gaming (NASDAQ:PENN), Boyd Gaming (NYSE:BYD), Casey's General Stores (NASDAQ:CASY), McDonald's (NYSE:MCD), Cracker Barrel (NASDAQ:CBRL)... add your own in the comments.
Fri, Feb. 12, 9:03 AM
- Sizzling earnings from Columbia Sportswear (NASDAQ:COLM) caught analysts off-guard as the Columbia and Sorel brands both showed broad strength.
- The company overcame the late start to the cold weather season in the U.S. and F/X challenges to improve net income by 14% Y/Y to just over $63M.
- Gross profit rate fell 10 bps to 45.3%.
- Previously: Columbia Sportswear beats by $0.14, beats on revenue (Feb. 11 2016)
- COLM +10.33% premarket to $52.89.
Thu, Feb. 11, 5:35 PM
Thu, Feb. 11, 4:20 PM
Wed, Feb. 10, 5:35 PM
Wed, Feb. 3, 12:41 PM
- Columbia Sportswear (COLM -0.5%) plans to realign Montrail as a sub-brand under the Columbia banner.
- New trail running shoes and accessories will be marketed as Columbia Montrail products, starting in the spring of 2017.
- The overall strategy at the company is to increase the focus on the trail running category.
Thu, Jan. 28, 10:31 AM
- Sizzling numbers from Under Armour seem to be helping some other sports-related stocks in early trading.
- Callaway Golf (ELY +1.1%), Johnson Outdoors (JOUT +3.1%), Black Diamond (BDE +2.5%), Performance Sports Group (PSG +3%), Columbia Sportswear (COLM +2.2%), Foot Locker (FL +0.4%), and V.F. Corp (VFC +1.2%) are all solidly ahead of broad market averages which are in negative territory.
- Previously: Under Armour flies after footwear sales double in Q4 (Jan. 28 2016)
- Previously: All-weather Under Armour shoots 16% higher (Jan. 28 2016)
Tue, Jan. 26, 10:31 AM
- Shoe stocks are off and running today as investors rush back into some favorite names.
- Deckers Outdoor (DECK +3.7%), Wolverine Worldwide (WWW +2.7%), Skechers (SKX +2.4%), Columbia Sportswear (COLM +2.5%), and Crocs (CROX +1.4%) are notable gainers.
- Though a positive BAML note on Foot Locker could be factoring in a bit, it's NPD data showing a strong month for athletic footwear sales (volume +10%, prices +3%) in December that's really stirring up interest.
- Nike's (NKE +0.1%) hanging back a bit from the rally, with a higher exposure to China a potential factor.
Fri, Jan. 22, 10:36 AM
- Investors are placing some bets on select winter storm stocks as the East Coast preps for a snow pummeling.
- Home Depot (HD +3%) and Lowe's (LOW +1.9%) continue to pick up steam after solid sessions yesterday.
- Briggs & Stratton (NYSE:BGG) is up 5.2% as investors bet on higher demand for generators and snowblowers. Peer Toro (NYSE:TTC) is 3.6% higher.
- Arctic Cat (NASDAQ:ACAT) is up 13% since mid-Wednesday as snowmobiles enter the conversation again after a mild start to the winter in the U.S.
- Winter apparel sellers Columbia Sportswear (NASDAQ:COLM) and Black Diamond (NASDAQ:BDE) are both up around 4%.
Thu, Jan. 21, 10:26 AM
- A report from comScore on web traffic yields some interesting results.
- On a year-over-year comparison of desktop and mobile traffic, Under Armour (NYSE:UA), Lululemon (NASDAQ:LULU), and Dick's Sporting Goods (NYSE:DKS) all showed strong traffic growth in December.
- The group appears to have cut into Nike's (NYSE:NKE) online domination slightly, although traffic to Nike.com was still up 17%
- Columbia Sportswear (NASDAQ:COLM) and Guess (NYSE:GES) showed nice traffic gains in December, while Hanesbrands (NYSE:HBI) saw a drop.
- REVISION: Nike's website traffic was corrected to +17% per information from comScore.
Columbia Sportswear Co. designs, develops, markets and distributes active outdoor apparel, footwear, accessories and equipment under four primary brands: Columbia, Mountain Hardwear, Sorel, and Montrail. The company develops and manages its merchandise in two principal categories: Apparel,... More
Sector: Consumer Goods
Industry: Textile - Apparel Clothing
Country: United States
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