Columbia Sportswear (NASDAQ:COLM – Get Rating) saw a sharp decline in short-term interest during the month of October. As of October 31, there was short interest totaling 1,100,000 shares, down 7.6% from the total of 1,190,000 shares as of October 15. Currently, 3.4% of the company’s shares are sold short. Based on an average trading volume of 364,900 shares, the short-term interest rate ratio is currently 3.0 days.
Insider buying and selling
In other Columbia Sportswear news, Chief Financial Officer Jim A. Swanson purchased 500 shares in a trade that took place on Monday, August 29. The shares were purchased at an average price of $72.99 per share, for a total transaction 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. 42.37% of the shares are currently held by insiders of the company.
Institutional entries and exits
Several institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE increased its stake in Columbia Sportswear by 19.8% in the 1st quarter. US Bancorp DE now owns 823 shares of the textile maker worth $75,000 after buying an additional 136 shares during the period. Crossmark Global Holdings Inc. increased its holdings in Columbia Sportswear by 1.0% in Q2. Crossmark Global Holdings Inc. now owns 14,580 shares of the textile maker worth $1,043,000 after purchasing an additional 150 shares during the period. Yousif Capital Management LLC increased its stake in Columbia Sportswear by 0.9% in the second quarter. Yousif Capital Management LLC now owns 18,731 shares of the textile maker worth $1,341,000 after purchasing an additional 170 shares during the period. The Alaska State Department of Revenue increased its stake in Columbia Sportswear by 1.7% in the second quarter. The Alaska State Department of Revenue now owns 11,230 shares of the textile maker worth $803,000 after buying 189 additional shares during the period. Finally, WINTON GROUP Ltd increased its stake in Columbia Sportswear by 0.9% in the 1st quarter. WINTON GROUP Ltd now owns 21,056 shares in the textile maker worth $1,906,000 after buying an additional 190 shares during the period. 48.56% of the shares are held by institutional investors.
Changes to analyst ratings
A number of equity research analysts have recently weighed in on COLM shares. 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. 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 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 research note. StockNews.com picked up coverage of Columbia Sportswear stocks in a Wednesday, Oct. 12 research note. They issued a “hold” rating for the company. Finally, Cowen raised his price target on shares of Columbia Sportswear to $89.00 in a Tuesday, Nov. 1, research note. One research analyst rated the stock with a sell rating, five issued a hold rating and four issued a buy rating for the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $86.88.
Columbia sportswear stock down 2.2%
Shares of Columbia Sportswear opened at $80.58 on Thursday. Columbia Sportswear has a twelve month low of $65.02 and a twelve month high of $106.24. The company has a 50-day moving average price of $73.25 and a 200-day moving average price of $74.39. The company has a market capitalization of $5.01 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.84 and a beta of 0.88.
Columbia Sportswear Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1. Investors of record on Thursday, November 17 will receive a dividend of $0.30. This represents an annualized dividend of $1.20 and a yield of 1.49%. The ex-dividend date is Wednesday, November 16. Columbia Sportswear’s dividend payout ratio (DPR) is currently 22.51%.
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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