Tailor N Press http://tailornpress.com/ Fri, 23 Sep 2022 05:57:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.9 https://tailornpress.com/wp-content/uploads/2021/10/cropped-icon-32x32.png Tailor N Press http://tailornpress.com/ 32 32 Columbia Sportswear (NASDAQ:COLM) Releases Fiscal 22 Revenue Forecast https://tailornpress.com/columbia-sportswear-nasdaqcolm-releases-fiscal-22-revenue-forecast/ Thu, 22 Sep 2022 13:47:43 +0000 https://tailornpress.com/columbia-sportswear-nasdaqcolm-releases-fiscal-22-revenue-forecast/

Columbia Sportswear (NASDAQ:COLM – Get a rating) released an update to its FY22 earnings forecast Thursday morning. The company provided EPS guidance of $5.00-5.40 for the period, compared to the consensus EPS estimate of $5.16. The company released a revenue forecast of $3.44 to $3.50, compared to the consensus revenue estimate of $3.47 billion.

Columbia Sportswear is trading down 1.2%

COLM opened at $70.04 on Thursday. The company has a market capitalization of $4.40 billion, a P/E ratio of 13.87, a P/E/G ratio of 1.69 and a beta of 0.88. Columbia Sportswear has a 12 month minimum of $68.29 and a 12 month maximum of $107.50. The stock has a 50-day moving average of $73.89 and a 200-day moving average of $78.84.

Columbia Sportswear (NASDAQ:COLM – Get a rating) last released its quarterly results on Wednesday, July 27. The textile maker reported EPS of $0.11 for the quarter, beating the consensus estimate of $0.04 by $0.07. The company posted revenue of $578.06 million in the quarter, versus analyst estimates of $592.35 million. Columbia Sportswear had a return on equity of 17.87% and a net margin of 10.13%. The company’s revenue increased 2.1% year over year. In the same quarter last year, the company posted earnings per share of $0.61. On average, research analysts expect Columbia Sportswear to post earnings per share of 5.18 for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31. Shareholders of record on Wednesday August 17 received a dividend of $0.30. This represents an annualized dividend of $1.20 and a yield of 1.71%. The ex-dividend date was Tuesday, August 16. Columbia Sportswear’s payout ratio is currently 23.76%.

A Wall Street analyst gives his opinion

Several analysts have published reports on COLM shares. Citigroup lowered its price target on shares of Columbia Sportswear from $98.00 to $80.00 in a Thursday, July 28 research note. StockNews.com downgraded shares of Columbia Sportswear from a buy rating to a hold rating in a Friday, Aug. 5 research rating. Stifel Nicolaus cut his price target on Columbia Sportswear shares from $100.00 to $81.00 in a Wednesday, July 20 research note. UBS Group cut its price target on Columbia Sportswear shares from $83.00 to $80.00 and set a neutral rating for the company in a Thursday, July 28 research note. Finally, Cowen reduced his price target on shares of Columbia Sportswear to $95.00 in a Monday, July 25 research note. One financial analyst has assigned the stock a sell rating, five have issued a hold rating and three have assigned the stock a buy rating. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $89.38.

Insider buying and selling

In other Columbia Sportswear news, Chief Financial Officer Jim A. Swanson acquired 500 shares of Columbia Sportswear in a transaction that took place on Monday, August 29. The stock was purchased at an average price of $72.99 per share, with a total value of $36,495.00. Following the completion of the purchase, the CFO now directly owns 5,197 shares of the company, valued at approximately $379,329.03. The purchase was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. 42.37% of the shares are currently held by insiders.

Hedge funds weigh on Columbia Sportswear

Major investors have recently been buying and selling shares of the company. BlackRock Inc. increased its holdings in Columbia Sportswear by 0.9% in the first quarter. BlackRock Inc. now owns 2,948,229 shares of the textile maker worth $266,903,000 after buying an additional 25,416 shares in the last quarter. State Street Corp increased its stake in Columbia Sportswear by 5.5% in the first quarter. State Street Corp now owns 981,366 shares of the textile maker worth $88,843,000 after buying an additional 50,938 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Columbia Sportswear by 52.9% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 730,724 shares of the textile maker worth $66,152,000 after buying an additional 252,733 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Columbia Sportswear by 5.3% in the first quarter. Dimensional Fund Advisors LP now owns 706,770 shares of the textile maker worth $63,994,000 after buying an additional 35,690 shares in the last quarter. Finally, Robeco Schweiz AG increased its stake in Columbia Sportswear by 1.7% in the first quarter. Robeco Schweiz AG now owns 411,286 shares of the textile maker worth $37,234,000 after buying an additional 6,795 shares in the last quarter. Institutional investors hold 48.56% of the company’s shares.

Columbia Sportswear Company Profile

(Get a rating)

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia-Pacific, Europe, the Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.

Read more

Earnings history and estimates for Columbia Sportswear (NASDAQ:COLM)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

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Well, I’ll be damned. Highsnobiety’s Clothing Line Isn’t Half Bad https://tailornpress.com/well-ill-be-damned-highsnobietys-clothing-line-isnt-half-bad/ Wed, 21 Sep 2022 16:39:34 +0000 https://tailornpress.com/well-ill-be-damned-highsnobietys-clothing-line-isnt-half-bad/

Courtesy

To be honest, I check Highsnobiety often enough. For those who don’t know, it’s a way of life site – one with few constraints on what it covers. The main focuses, however, are fashion, sneakers, and culture – two categories I often cover. Very few of my friends go there as often as I do, and even fewer know what it is, and those who are aware of it only know it by instagram, where they have half a dozen accounts, each with over a million followers. (Their main account has 4,700,000.)

But Highsnobiety is also a reseller of outside brands and its own house brand, Highsnobiety. (Clever name, right? To joke. I wish they had tried something else.) I’ve seen seasons before, and I’ve never been all who impressed. There were dad hats with their box logo on them; hoodies with the same; and t-shirts made in collaboration with a brand they had recently covered.

More recently, however, and particularly in the new AW22 collection, the brand has expanded to include barely-branded items: sleek knitted sweaters with little white tags on the hips; jackets with no logos at all; pants that seem to come off the shelves of Uniqlo; fleece jackets that successfully combine contrasting colors; and denim jackets that pass for designer. Without the context where it came from, you could have told me that it was just another upstart clothing brand – maybe even Adsum.

Even if you get up close, on the fleece jacket, for example, the only clue you have about who did is a little tag that reads “HS05”. It’s hardly a giveaway, and a marked improvement over the first collection, HS01, which had “Highsnobiety” printed prominently on every piece.

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Reversible zipped fleece jacket

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Los Angeles clothing importer admits skirting $6.4 million in tariffs | app https://tailornpress.com/los-angeles-clothing-importer-admits-skirting-6-4-million-in-tariffs-app/ Wed, 21 Sep 2022 15:36:24 +0000 https://tailornpress.com/los-angeles-clothing-importer-admits-skirting-6-4-million-in-tariffs-app/

LOS ANGELES — A Los Angeles County clothing brand has agreed to plead guilty to submitting false customs forms to circumvent nearly $6.4 million in customs duties and doing business with a woman linked to the Sinaloa drug cartel, federal prosecutors announced Tuesday.

Ghacham Inc. and a company executive, Mohamed Daoud Ghacham, 38, will both plead guilty to conspiring to smuggle false and fraudulent paperwork through customs, according to the U.S. Attorney’s Office for the Central District of California.

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Can we define a new rhythm for sportswear? | Case study https://tailornpress.com/can-we-define-a-new-rhythm-for-sportswear-case-study/ Wed, 21 Sep 2022 04:25:00 +0000 https://tailornpress.com/can-we-define-a-new-rhythm-for-sportswear-case-study/

In just over a decade, On has grown from a little-known Swiss footwear start-up, supported by a small but passionate community of runners and outdoor enthusiasts, to a global high-end sportswear brand. range that caught the attention of the fashion industry.

But the journey from a prototype cobbled together in a backyard in Switzerland to a NYSE-listed retail prodigy hasn’t always been easy.

Undeterred by their lack of expertise in the footwear industry, On’s three founders – Olivier Bernhard, Caspar Coppetti and David Allemann – knew in 2010 what they had to do to win. “We really had no idea how to make shoes, but we knew the technology we had developed was unique,” ​​said Coppetti, now executive director of On.

To realize their ambitions, the founders had to build a supply chain that would help them scale; prioritize where to develop the brand geographically; develop a disciplined approach to distribution and marketing with a focus on specialty retail; and gain credibility for the brand’s product in a crowded niche market. These forces would need to merge if On had any chance of competing with the big incumbents like Nike and Adidas, as well as smaller players like New Balance, Asics, and Saucony.

On’s reputation for forging its distinctive path to growth has helped differentiate it. While other start-ups over the past decade have focused primarily on being direct-to-consumer (DTC) brands, One first leaned into specialty wholesale. , which allowed him to create a niche and retain his customers, before entering into larger wholesale agreements and the gradual introduction of DTC. It’s also secured its place at the top of the global activewear industry – worth an estimated $384 billion in 2021, according to McKinsey & Company – by avoiding discounts as part of a disciplined strategy to that supply never exceeds demand.

The business of fashion interviews On’s founders, management team and product designers at the company’s sleek new 16-story headquarters in Zurich to explore its growth strategies.

This case study explains how start-ups can become billion-dollar companies through a combination of continuous innovation, adaptability and opportunism in a fiercely competitive market, and an ability to learn quickly from their mistakes without ever losing sight of the very essence of their business. Mark.

The report covers four key elements of On’s growth strategy:

1. Think big and scale fast

What challenges We had to overcome to build the brand on a global scale.

2. Relations with specialist retailers

The founders of Why On focused on specialty retailers to support their distribution and marketing, prioritizing wholesale rather than direct consumer.

3. The Federer Effect

How tennis superstar Roger Federer paved the way for new products and partnerships.

4. Continuous innovation

How On engages its community to maintain a steady pace of product innovation.

Click below to read the case study now.

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Our readers are obsessed with these Amazon clothes https://tailornpress.com/our-readers-are-obsessed-with-these-amazon-clothes/ Wed, 21 Sep 2022 00:19:33 +0000 https://tailornpress.com/our-readers-are-obsessed-with-these-amazon-clothes/

Shopping online can be tricky. That’s why we turn to the best of the best – our trusted data! At 22 Words, we use our data to optimize top-selling content in seconds. And we’ve compiled this great list of products our readers have purchased for you.

We’ve rounded up the most popular products that our readers have clicked on and purchased. All the hard work is done. We’ve filtered out the best of the best – based on your feedback! Sometimes trendy things are trendy for a reason…and this list features the most popular, most wanted, and most purchased products available on Amazon. No matter your style, budget, fit or function, we’ve got you covered. Here are the best products on Amazon that you absolutely must need To know.

You’ll love our editor’s curated product choices! FYI: We are an Amazon Affiliate Partner and may get a share of the sale of your purchase (at no cost to you).

Slinkybut make it black

Going through Amazon

Classic J-Lo liked a good cowl neck bodycon dress, and I saw her in a white and a black and this black is just about the money. It looks like something you could wear to a night club, on a red carpet, on a date, or out for drinks with friends.

The Lace detail Is to die for

Going through Amazon

One look at this and I’m already obsessed with the lace details on the sleeves of this dress. This sets it apart from all the other emerald green dresses on this list.

Reviewers say, “If I could give this dress more stars, I would!” I’ll be wearing it for my nephew’s college graduation in a few months. This dress is gorgeous! It fits me like a glove, which I love. Its neckline and sleeves are delicate and do not call for accessories. I love that the slit in the back of the dress doesn’t compromise its slim fit to the pencil skirt and the stretchy material makes it easy to walk on. I was skeptical but so glad I got it. I love everything about this dress!”

A Shirt Perfect for day and night

Going through Amazon

If you haven’t figured it out, comfort is an integral part of fashion trends these days. This Shirt that’s exactly how it sounds – it’s a shirt that’s also a jacket (the clever name can’t go unnoticed here – I’m obsessed). It looks great with shorts, but it’s warm enough to wear at night too!

This denim dress is super versatile

Going through Amazon

I love this dress because you can wear it in different ways. Button it up fully for a laid-back, laid-back dress look, or wear it open with a tank top and shorts as a cover-up. Either way, it seems completely effortless.

This dress is Lightweight Enough to wear all year round

Going through Amazon

Despite the fact that this dress has long sleeves, it is light enough to be worn all year roundmaking it a must-have in the closet.

Critics say, “My 14-year-old granddaughter is a tomboy, so having her wear any dress was a miracle. She looked so beautiful and received so many compliments. She may not go back to basketball shorts. Great quality and size perfectly. Very flattering.

This Sweater Vest Has over 10,000 5-star reviews

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This Sweater Vest by Fuinloth is fully lined with 100% polyester, so it will keep you warm without bulk. Its reviews praise its comfort and similarity to more expensive competitors. With lots of colors to choose from, I think I’ll take two!

These wide leg jeans Take me back to the 70s without being too much

Going through Amazon

If I had the chance to go back and live in another era, it would most definitely be the 70s. I love flare jeans, but I know they’re not for everyone. That’s why I love wide jeans like these. They look insanely cute when paired with a good pair of boots and can be dressed up for business casual attire. I really think I will never get tired of them.

This dress would be Perfect for work

Going through Amazon

When you need new work clothes, head to Amazon immediately. Because the site has a crazy amount of adorable pieces that are professional but still elegant— like this dress!

Critics say, “Love this dress so much…very Jackie O. I’m a newscaster in Kentucky and wore it on air yesterday and got a ton of compliments.” Take the risk, it’s worth it!

Bring comfort to the gym with these Light joggers

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Leggings are great, but have you ever exercised in joggers? It’s like wearing sweatpants, but not nearly as warm. These joggers from Libin are stretchy and have a drawstring design, so you stay comfortable during workouts or races (pssst, they have pockets too).

Readers are so comfortable in this Cardigan

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There is no more useful item than an oversized, lightweight cardigan. It’s a go-to when you need more coverage, when you’re feeling chilled, or when you want to layer your look. Order a few different colors because you’ll want to wear them every day.

This Wallet Hold so long

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Finally a Clutch that pulls any look together, turns heads and doesn’t break the bank!

The dress of a lifetime

Going through Amazon

This dress brings reality to the gladiator warrior queen. Once I put it on, and a spear and a shield appeared in my hands. I felt unstoppable.

Upgrade your style with these Platform brogues

Going through Amazon

Platform shoes are all the rage right now. In fact, I myself have observed about twenty pairs. Why not make the trend appropriate to work with these oxfords platform? They are extremely comfortable, come in four different colors and look like they were designed by designers.

Classic Square Sunglasses Which gives that vintage vibe

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Thanks to the huge increase in savings, vintage is back, baby. These Classic Square Sunglasses have kept up with the times by having a reflective design and offering 100% UV protection. Hey, just because they look vintage doesn’t mean they have to!

A Wide leg jumpsuit that will make everyone talk

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Be the star of your group of friends with this Wide leg jumpsuit. The leg slit is extra high to show off the workouts you’ve done! This show is perfect for your beach vacation or a summer wedding.

This Combination Makes you look crazy cute while being crazy comfortable

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Jumpsuits are perhaps my favorite piece of clothing because they make people think you have your life together when in reality you’re wearing an adult jumpsuit. I love this combination because of its faux-wrap design and the fact that it’s flattering on everyone.

This Striped blouse Is absolutely adorable

Going through Amazon

Do people stop and ask you where you got what you were wearing? This blouse is one of those pieces. Flared sleeves give it shape, while the front tie lets you choose its loose fit. And the striped pattern reminds me of a sailor look, perfect for summer.

Keep track of time and look stylish while doing it with this look

Going through Amazon

I went through phases in terms of watches. One minute I love them; the next minute, I want nothing to do with them. I’m currently in the phase of loving them because of watches like this one. There’s something so classic about the sleek face, and the rose gold matches a lot of my other jewelry perfectly.

This Faux leather skirt Is sexy but professional

Going through Amazon

I’m such a fan of the faux leather look these days. From leggings to skirts, there is something so sophisticated and sexy at the same time. This faux leather skirt can be paired with tank tops, blouses, sweaters, turtlenecks, etc. That’s pretty much everything that’s possible, really.

This Blouse Looks like it’s from an expensive shop

Going through Amazon

Blouses with fun details are some of my favorite pieces, and this one is no exception. It can be worn with trousers for a professional look or paired with jeans for a dressy yet feminine look. And it’s a piece you can wear over and over again.

We saved the best for last with this living room set

Going through Amazon

This living room set is the answer to all the problems in my life. The pants have a drawstring, so you won’t have to worry about them getting too tight, and they’re made from soft, stretchy fabric to make you feel like you’re literally in your pajamas. Yes please!

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Freshman runs her own brand, New Retro Clothing – Marquette Wire https://tailornpress.com/freshman-runs-her-own-brand-new-retro-clothing-marquette-wire/ Tue, 20 Sep 2022 09:02:20 +0000 https://tailornpress.com/freshman-runs-her-own-brand-new-retro-clothing-marquette-wire/

People create art for others to enjoy, so when Joey Falcus saw someone wearing his designs to school, he was overwhelmed with emotion.

“I would come to school and see a random person in the theater wearing the Banana Boy sweatshirt and it was like, ‘Oh my God,'” Falcus said. “I designed this, it’s something I made and they spent money on it and wore it to school, it was kind of crazy.”

Joey Falcus, a freshman in the College of Arts and Sciences, runs his own clothing brand with merchandise featuring jokes from his friends.

The new retro clothes were those of Falcus quarantine project, occupying it while the world learned to navigate the pandemic and he couldn’t share his artistic passions outside the home.

“I’ve always been the kind of person who needs a creative outlet that I keep coming back to,” Falcus said.

His friends encouraged him to make the clothes, inspiring him with stories and jokes. There is a collection of clothes that bear the words “Banana Boy”, a term that Falcus said originated from a theater performance. It also sells tops with a slice of pizza on them, titled the “Pizza Thursday” shirts.

“Some of my favorite pieces are based on [Dungeons & Dragons] campaigns I was in with friends, and it was fun because I was able to incorporate all these different inside jokes. We always wore them to sessions, and it was a lot of fun,” Falcus said.

Apart from purchases from his friends, Falcus also received online orders through his website. Falcus worked with TeeSpring to create the clothes, a platform that helps designers sell their merchandise while sharing the profits.

“I’ll design the shirts in Photoshop and then upload them to TeeSpring, and they’ll have them printed and shipped, and take care of all of that on their back-end,” Falcus said. “I just wanted to create my own website to present it a little easier.”

Falcus’ designs and shirts were so successful that his teachers even noticed.

“People at the theater started carrying the designs, and my manager actually gave me the task of creating the official merchandising for the shows,” Falcus said.

Despite all that Falcus has achieved, he said he needed to get away for a while.

“I tend to obsess over a creative work in progress, so I went really hard and produced several designs a week. It was a lot of fun, but it was so much and I got burned out,” said Falcus said.

But with the university starting a new chapter in its life, Falcus said he may return to the brand, updating every now and then with new designs.

Falcus’ main motivation for the clothing brand was his relationships with others and how they influenced his life.

“I think there’s a lot to be said for the idea of ​​creating creative work out of personal things between you and the people you love in your life,” Falcus said. “I always love making pieces that show all of these connections between us. Fueling your creative passion with love for yourself and others is how you’ll get the most out of it.

Falcus’ friends and family supported him throughout the process and were there to celebrate when he was successful. A shining moment for Falcus was when he said he had a photo shoot for his clothes and some friends modeled the clothes.

“It was one of the coolest days of my entire life. Seeing so many real things come out of these clothes that I created that all these people already had, it’s such a rewarding feeling,” Falcus said.

Another of Falcus’ proudest moments was the creation of his Pride collection. With rainbow stripes along the shirts, the clothes celebrate loving yourself and being who you are.

“[The Pride collection] was my first real project besides inside jokes, like branching out into regular designs,” Falcus said. “It’s something very important to me. and June rode and it went well.

While Falcus had taken a break from New Retro Clothing, he may be making a comeback.

“I might like to go back and do a bit more, but I’ll never go as hard as before,” Falcus said. “I got better at actual art as opposed to graphic design, so maybe I could incorporate some of that as well.”

Stay up to date by following @newretroclothing on Instagram.

This story was written by Izzy Fonfara Drewel. She can be contacted at isabella.fonfaradrewel@marquette.edu.


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British clothing retailer Boden aims to boost US sales https://tailornpress.com/british-clothing-retailer-boden-aims-to-boost-us-sales/ Tue, 20 Sep 2022 03:00:43 +0000 https://tailornpress.com/british-clothing-retailer-boden-aims-to-boost-us-sales/

Clothing brand Boden is planning another breakthrough in the US, joining a growing number of UK retailers who are finding success in a market that has historically proven difficult.

The high-end women’s and children’s clothing brand already has more sales in the US than in the UK and is growing faster there. In the first half of 2022, its sales in the United States increased by 10% at constant exchange rates and customer acquisitions increased by almost half.

Glen Senk, executive chairman, told the Financial Times that there are significant opportunities to sell more women’s clothing in the United States and become less reliant on catalog marketing.

“The current supply is consistent with the UK, but there is an opportunity to localize it,” said the American retail veteran who last year became the third foreigner to run the family business. “And there are aesthetic nuances between parts of America as there are in Europe.”

Senk is best known for his 18 years at Urban Outfitters, where he transformed Anthropologie into a billion-dollar brand. He has known Johnnie Boden for many years, the former Eton-trained stockbroker who founded Boden in 1991.

He sees Anthropologie as a guide to what Boden could accomplish. “If you look at that and J Crew, they’re very close to Boden and yet they’re both $1 billion brands.”

Boden said he aims to double the group’s sales over the next few years, although he hasn’t set specific goals for the United States. He will shortly file accounts with Companies House showing revenue in 2021 hit £357m ($408m), up 7% on the previous year as buying habits started to decline. normalize since the pandemic. Annual profits increased by 2%, reflecting higher return rates and higher shipping costs.

An avowed Anglophile, Senk said the quintessentially British Boden was playing well in the US market. “The fact that we are a British company is very important. Americans love the UK and have long been fascinated by British music, fashion, art and theatre.

The key to growth was “knowing what to globalize and what to localize” and understanding cultural preferences, he said. “Our bestsellers are our bestsellers everywhere. The long tail is where the differences are, but you have to get it right to maximize your sales.

U.S. consumers prefer to show their arms than their legs and are less sniffy about wearing synthetics, he noted, when weather variations are much greater. “About half of Americans live warm all year round. They don’t think of bathing suits as just for vacation.

The US has often been a daunting market for UK retailers and there have been high profile failures such as Tesco’s ill-fated Fresh ‘n Easy US venture and Marks and Spencer’s mishaps with Brooks Brothers.

But more recent expansion has been effective there; more than a third of Watches of Switzerland’s sales now come from the US, while WHSmith has made inroads into the US travel market and the country is the fastest growing location for retailer Primark.

Senk said Boden would retain its famous print catalogs, but they would play a lesser role in its marketing. “There’s been a shift in the way people shop,” he said. “Educated upper-middle-class people usually start their journey on a smartphone.”

He added that he had “committed to spending two or three days a week for two or three years” leading the push in the United States. Boden remains creative director.

“Johnnie may want to sell some or all of his stake at some point,” Senk acknowledged. “But that’s not on the table now.”

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Columbia Sportswear (NASDAQ:COLM) sees strong growth in short-term interest https://tailornpress.com/columbia-sportswear-nasdaqcolm-sees-strong-growth-in-short-term-interest/ Mon, 19 Sep 2022 20:04:22 +0000 https://tailornpress.com/columbia-sportswear-nasdaqcolm-sees-strong-growth-in-short-term-interest/

Columbia Sportswear (NASDAQ:COLM – Get a rating) was the target of strong short-term interest growth in August. As of August 31, there was short interest totaling 1,310,000 shares, a growth of 12.0% from the total of 1,170,000 shares as of August 15. Based on an average daily trading volume of 361,600 shares, the day-to-cover ratio is currently 3.6 days. Approximately 4.0% of the company’s shares are sold short.

Columbia sportswear stock up 2.3%

Shares of COLM traded at $1.60 midday on Monday, hitting $72.60. The company’s stock had a trading volume of 11,317 shares, compared to an average volume of 411,214. The company has a fifty-day moving average of $74.06 and a 200-day moving average of $79.09 . The company has a market cap of $4.56 billion, a price-to-earnings ratio of 14.06, a growth price-to-earnings ratio of 1.69, and a beta of 0.88. Columbia Sportswear has a 1-year minimum of $68.29 and a 1-year maximum of $107.50.

Columbia Sportswear (NASDAQ:COLM – Get a rating) last reported results on Wednesday, July 27. The textile maker reported earnings per share (EPS) of $0.11 for the quarter, beating analysts’ consensus estimate of $0.04 by $0.07. The company posted revenue of $578.06 million in the quarter, versus analyst estimates of $592.35 million. Columbia Sportswear had a return on equity of 17.87% and a net margin of 10.13%. The company’s revenue for the quarter increased 2.1% year over year. In the same quarter of the previous year, the company had earned earnings per share of $0.61. On average, analysts predict Columbia Sportswear will post 5.18 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 31. Shareholders of record on Wednesday August 17 received a dividend of $0.30. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Tuesday, August 16. Columbia Sportswear’s dividend payout ratio (DPR) is currently 23.76%.

Insider buying and selling

In other Columbia Sportswear news, Chief Financial Officer Jim A. Swanson acquired 500 shares of the company in a transaction that took place on Monday, August 29. The shares were acquired at an average cost of $72.99 per share, with a total value of $36,495.00. Following the acquisition, the CFO now directly owns 5,197 shares of the company, valued at approximately $379,329.03. The transaction was disclosed in an SEC filing, which is available via the SEC website. Company insiders own 42.37% of the company’s shares.

Hedge funds weigh on Columbia Sportswear

A number of hedge funds have recently changed their stock holdings. Verition Fund Management LLC increased its stake in shares of Columbia Sportswear by 393.4% in the second quarter. Verition Fund Management LLC now owns 12,379 shares of the textile maker worth $886,000 after acquiring 9,870 additional shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Columbia Sportswear by 5.4% in the second quarter. Goldman Sachs Group Inc. now owns 169,492 shares of the textile maker worth $12,132,000 after acquiring 8,691 additional shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Columbia Sportswear by 324.2% in the second quarter. Captrust Financial Advisors now owns 11,751 shares of the textile maker worth $841,000 after acquiring 8,981 additional shares in the last quarter. Jane Street Group LLC increased its stake in shares of Columbia Sportswear by 57.3% in the second quarter. Jane Street Group LLC now owns 27,629 shares of the textile maker worth $1,978,000 after acquiring an additional 10,060 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Columbia Sportswear by 35.8% during the second quarter. Thrivent Financial for Lutherans now owns 12,343 shares of the textile maker worth $884,000 after buying 3,252 additional shares in the last quarter. 48.56% of the shares are held by institutional investors and hedge funds.

A Wall Street analyst gives his opinion

A number of stock analysts have recently released reports on the company. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a Friday, August 5, report. Stifel Nicolaus reduced his price target on Columbia Sportswear from $100.00 to $81.00 in a Wednesday, July 20 research report. UBS Group reduced its target price on Columbia Sportswear from $83.00 to $80.00 and set a “neutral” rating for the company in a Thursday, July 28 research report. Citigroup reduced its target price on Columbia Sportswear from $98.00 to $80.00 in a Thursday, July 28 research report. Finally, Cowen reduced his target price on Columbia Sportswear to $95.00 in a Monday, July 25 research report. One financial analyst has assigned the stock a sell rating, five have issued a hold rating and three have assigned the company’s stock a buy rating. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $89.38.

Columbia Sportswear Company Profile

(Get a rating)

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia-Pacific, Europe, the Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.

Further reading

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

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Red Bull announces 2023 partnership with sportswear brand Castore https://tailornpress.com/red-bull-announces-2023-partnership-with-sportswear-brand-castore/ Mon, 19 Sep 2022 18:44:41 +0000 https://tailornpress.com/red-bull-announces-2023-partnership-with-sportswear-brand-castore/

Oracle Red Bull Racing announced that from 2023 their team will wear apparel made by a premium sportswear brand Castoreto ensure they can “perform whatever they encounter”.

The partnership will see Castore provide the team with their apparel; however, in an exciting announcement for Red Bull fans, they too will be able to purchase the same high performance clothing worn by fellow Austrian teammates next season.

Red Bull is a great sports company for Castore to add to its impressive roster, which includes elite sports teams from the Premier League, European football, international cricket and many more. The Red Bull and Castore partnership makes so much sense given the way the two operate.

Both Red Bull and Castore are known for pushing the boundaries of what is possible in their respective fields, with the premium sportswear brand having used sports science, unique technical fabrics and rigorous testing to deliver products capable of enabling athletes to perform at the highest level in any environment.

Oracle Red Bull Racing Team Principal and CEO Christian Horner recognizes that this factor will be extremely beneficial for his team, who work in varying environments and temperatures throughout the season. Horner is aware that “comfort” is a “crucial element” to success at the top of motorsport.

“Formula 1 is an extremely demanding environment. In 2023, we will be racing in 24 different locations around the world, in conditions ranging from freezing cold to searing heat and energy-intensive humidity. Our team members must be equipped to perform no matter what they encounter and sportswear optimized for function and comfort is a crucial part of achieving the level needed to win.

“Therefore, I am delighted that we are partnering with Castore, as their expertise in sports science, materials and engineering will help us achieve this goal. I am also very happy that we are able to bring this level of performance to the fans.

Tom BeahonCo-founder Castore is “delighted” to join the constructors’ leaders next season, after calling Red Bull “not only impressive” but also “iconic”.

“We are delighted to partner with Oracle Red Bull Racing, one of the most iconic F1 teams of modern times. Not only are they an impressive brand, but we share the spirit of relentlessly seeking ways to optimize performance, summed up by Castore’s motto “Better Never Stops”.The partnership further strengthens Castore’s presence in Formula 1, and we are delighted to continue this journey with the Oracle Red Bull Racing team and their base of extremely passionate fans.

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7 Indian Clothing Brands You Thought Foreign https://tailornpress.com/7-indian-clothing-brands-you-thought-foreign/ Mon, 19 Sep 2022 11:21:02 +0000 https://tailornpress.com/7-indian-clothing-brands-you-thought-foreign/

The top clothing brands in India have been around since the 1950s and are some of the biggest fashion names in the world. If you thought they were alien, it’s time to learn more about the brands that are already having a huge impact on your style choices! Here are some popular clothing brands in India whose origin you didn’t know.

Also Read: 7 Perfume Brands For Men That Will Last All Day

Indian clothing brands you thought were foreign

1. Allen Solly – Indian Clothing Brands

Photo credit: Behance

A world famous Indian brand, Allen Solly is a product of Madura Fashion and Lifestyle, a division of the Aditya Birla Group. With a wide range of products including men’s clothing, women’s clothing, men’s and women’s shoes and accessories as well as children’s clothing. It ranges from evening wear to evening dresses to casual daywear. Allen Solly has the ability to offer something for everyone. Plus, famous faces like actress Alia Bhatt wear the stylish clothes that make this designer line a global fashion icon.

2. Monte Carlo

Monte Carlo - Indian Clothing Brands - MEWS
Photo credit: Prezi

If you’re an international buyer, one of the most important things to consider is cultural relevance. One of the easiest ways to do this is to consult fashion designers around the world. If you want to know more about foreign design trends and how it compares to American fashion, you should consider Monte Carlo Clothing as your go-to brand.

3. Munich Polo – Clothing Brands from India

Polo Munich - Clothing Brands from India
Photo credit: Vector

While the Indian clothing industry is large and thriving, the idea that all clothing brands in India are foreign is wrong. Read on to learn more about Indian clothing brands like Munich Polo. If you love polo shirts then you are in for a treat as there is no dearth when it comes to Indian clothing brands especially if you are looking for a polo shirt. Some of the Indian clothing brands that specialize in these types of shirts are Munich Polo and Classified.

4. Peter England

Clothing Brands from India - MEWS
Photo credit: Exchange4media

Peter England is again an Indian brand of Aditya Birla groups, outfits specially designed for men only. The main objective of this company is to provide customers with quality branded clothing at very affordable prices.

5. Louis Philippe – Indian Clothing Brands

Clothing Brands from India - MEWS
Photo credit: Louis Philippe

The Louis Philippe brand was launched in the country in 1989. It is also owned by Madura Fashion and Lifestyle. An innovative clothing brand, Louis Philippe offers chic, easy-to-wear clothes that don’t come with a high price tag. Looking for the perfect pants to wear with a lace blouse or sweater? We think you will love them.

6. Flying machine

Clothing Brands from India - MEWS
Photo credit: Wikimedia Commons

The clothing division of Arvind mills owns this brand, which was the first jeans brand in India; it belongs entirely to the Indians; in fact, it was the country’s first denim brand. Originally designed to make garments for export, Flying Machine now offers a full range of women’s and men’s garments and exports to Europe and the United States. Their No Brand clothing line is an Indian take on the classic American style with all-Indian fabrics like cotton chanderi. These are hand printed sarees that were originally designed for export but quickly became popular domestically as well.

7. Van Heusen – Indian Clothing Brands

Indian clothing brands
Photo credit: Behance

Van Heusen is one of the biggest and best known brands of men’s shirts, pants and t-shirts. Founded in 1881, it has over fifty years of history in the design and manufacture of men’s clothing. Renowned designers from all over the world have used their creativity to develop collections that are both contemporary and traditional, reflecting this country. Aditya Birla manufactures and markets this premier Indian menswear brand in various categories including formal wear, casual wear, underwear, sleepwear and outerwear. It even sells made-up garments such as ties, neckties, and belts under the same name. The company is present in many stores in the country.

The garment industry in India is booming and many global fashion brands that we know are also noticing this. Major retailers and clothing companies are partnering with these Indian brands to tap into this huge market. We should be excited for what comes out of it as they introduce new styles, patterns and silhouettes.

Disclaimer: This story is automatically aggregated by a computer program on 2022-09-19 16:36:54 and was not created or edited by KhabarInshorts. Publisher: MWS Publisher source link

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