Columbia Sportswear (NASDAQ:COLM – Get Rating) was the target of significant growth in short-term interest in October. As of October 15, there was short interest totaling 1,190,000 shares, a growth of 14.4% from the total of 1,040,000 shares as of September 30. Based on an average trading volume of 355,600 shares, the short interest ratio is currently 3.3 days. Approximately 3.7% of the company’s shares are sold short.
Columbia Sportswear Price Performance
NASDAQ:COLM traded at $3.46 during Friday trading hours, hitting $77.06. 955,175 shares of the company were traded, with an average volume of 357,723. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.45 and a beta of 0.86. Columbia Sportswear has a 52-week low of $65.02 and a 52-week high of $107.50. The company’s 50-day moving average price is $72.14 and its 200-day moving average price is $75.38.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last reported results on Wednesday, July 27. The textile maker reported earnings per share of $0.11 for the quarter, beating the consensus estimate of $0.04 by $0.07. The company posted revenue of $578.06 million for the quarter, versus a consensus estimate of $592.35 million. Columbia Sportswear had a net margin of 10.13% and a return on equity of 17.87%. Columbia Sportswear revenue increased 2.1% compared to the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $0.61. On average, stock analysts predict Columbia Sportswear will post earnings per share of 5.17 for the current year.
Columbia Sportswear Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1. Shareholders of record on Thursday, November 17 will receive a dividend of $0.30 per share. This represents an annualized dividend of $1.20 and a yield of 1.56%. The ex-date of this dividend is Wednesday, November 16. Columbia Sportswear’s dividend payout ratio is currently 22.51%.
A Wall Street analyst gives his opinion
COLM has been the subject of a number of recent research reports. Stifel Nicolaus lowered his price target on Columbia Sportswear shares from $100.00 to $81.00 in a Wednesday, July 20 research note. Cowen raised his price target on shares of Columbia Sportswear from $85.00 to $86.00 and gave the stock an “outperform” rating in a Tuesday, September 27 report. UBS Group lowered 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 report. Citigroup lowered its price target on shares of Columbia Sportswear from $98.00 to $80.00 in a Thursday, July 28 report. Finally, Robert W. Baird cut his price target on Columbia Sportswear stock from $85.00 to $82.00 and set a “neutral” rating for the company in a Thursday, July 28 report. One equity research analyst gave the stock a sell rating, five issued a hold rating and four gave the company a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $86.50.
Insiders place their bets
Separately, Chief Financial Officer Jim A. Swanson acquired 500 shares of Columbia Sportswear in a transaction dated Monday, August 29. The shares were purchased at an average cost 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 transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Insiders hold 42.37% of the company’s shares.
Columbia Sportswear Institutional Trade
Several large investors have recently bought and sold shares of COLM. State of New Jersey Common Pension Fund D increased its stake in Columbia Sportswear by 7.1% during the third quarter. New Jersey State Joint Pension Fund D now owns 32,193 shares of the textile maker valued at $2,167,000 after acquiring 2,136 additional shares during the period. GHP Investment Advisors Inc. increased its stake in Columbia Sportswear by 273.3% during the 3rd quarter. GHP Investment Advisors Inc. now owns 10,392 shares of the textile maker valued at $699,000 after acquiring an additional 7,608 shares during the period. Comerica Bank increased its stake in Columbia Sportswear by 5.8% in the third quarter. Comerica Bank now owns 33,653 shares of the textile maker valued at $2,492,000 after acquiring an additional 1,835 shares during the period. Securian Asset Management Inc. increased its stake in Columbia Sportswear by 6.5% during the third quarter. Securian Asset Management Inc. now owns 3,232 shares of the textile maker valued at $218,000 after acquiring 197 additional shares during the period. Finally, Keybank National Association OH increased its stake in Columbia Sportswear by 16.5% in the 3rd quarter. Keybank National Association OH now owns 6,991 shares of the textile maker valued at $470,000 after acquiring 991 additional shares during the period. Hedge funds and other institutional investors hold 48.56% of the company’s shares.
About Columbia Sportswear
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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.
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