Columbia sportswear

Short-term interest in Columbia Sportswear (NASDAQ:COLM) drops 8.4%

Columbia Sportswear (NASDAQ:COLM – Get Rating) saw a significant drop in short-term interest in the month of September. As of September 15, there was short interest totaling 1,200,000 shares, down 8.4% from the August 31 total of 1,310,000 shares. Based on an average daily volume of 356,100 shares, the short interest ratio is currently 3.4 days. Currently, 3.7% of the stock’s shares are sold short.

Columbia Sportswear Price Performance

Columbia Sportswear stock traded at $1.34 during Friday’s trading, hitting $67.30. 673,740 shares of the company were traded, against an average volume of 344,705. Columbia Sportswear has a 52-week low of $65.02 and a 52-week high of $107.50. The company has a market capitalization of $4.23 billion, a P/E ratio of 13.33, a PEG ratio of 1.32 and a beta of 0.88. The stock’s 50-day simple moving average is $72.90 and its two-hundred-day simple moving average is $77.73.

Columbia Sportswear (NASDAQ:COLM – Get Rating) last reported quarterly earnings data on Wednesday, July 27. The textile maker reported EPS of $0.11 for the quarter, beating consensus analyst estimates of $0.04 by $0.07. Columbia Sportswear had a return on equity of 17.87% and a net margin of 10.13%. The company posted revenue of $578.06 million for the quarter, versus a consensus estimate of $592.35 million. In the same quarter last year, the company posted earnings per share of $0.61. The company’s revenue increased by 2.1% compared to the same quarter last year. As a group, stock analysts expect Columbia Sportswear to post earnings per share of 5.17 for the current year.

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 31. Shareholders of record on Wednesday August 17 received a dividend of $0.30. The ex-dividend date was Tuesday, August 16. This represents a dividend of $1.20 on an annualized basis and a yield of 1.78%. Columbia Sportswear’s dividend payout ratio is currently 23.76%.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Chief Financial Officer Jim A. Swanson acquired 500 shares of the company in a transaction on 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 acquisition, the CFO now owns 5,197 shares of the company, valued at $379,329.03. The purchase was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. 42.37% of the shares are held by company insiders.

Institutional investors weigh in on Columbia Sportswear

A number of institutional investors and hedge funds have recently increased or reduced their stakes in the company. US Bancorp DE increased its position in Columbia Sportswear by 19.8% in the first quarter. US Bancorp DE now owns 823 shares of the textile maker valued at $75,000 after buying an additional 136 shares during the period. Crossmark Global Holdings Inc. increased its position in Columbia Sportswear by 1.0% in the second quarter. Crossmark Global Holdings Inc. now owns 14,580 shares of the textile maker valued at $1,043,000 after buying an additional 150 shares during the period. Yousif Capital Management LLC increased its position in Columbia Sportswear by 0.9% in the second quarter. Yousif Capital Management LLC now owns 18,731 shares of the textile maker valued at $1,341,000 after purchasing an additional 170 shares during the period. The Alaska State Department of Revenue increased its holdings of Columbia Sportswear stock 1.7% in Q2. The Alaska State Department of Revenue now owns 11,230 shares of the textile maker valued at $803,000 after buying 189 additional shares during the period. Finally, WINTON GROUP Ltd increased its stake in Columbia Sportswear shares by 0.9% in the 1st quarter. WINTON GROUP Ltd now owns 21,056 shares of the textile maker valued at $1,906,000 after buying an additional 190 shares during the period. Hedge funds and other institutional investors hold 48.56% of the company’s shares.

A Wall Street analyst gives his opinion

A number of brokerages have recently released reports on COLM. Robert W. Baird lowered his price target on Columbia Sportswear from $85.00 to $82.00 and set a “neutral” rating on the stock in a Thursday, July 28 research note. UBS Group lowered its price target on Columbia Sportswear from $83.00 to $80.00 and set a “neutral” rating on the stock in a Thursday, July 28 research note. Citigroup lowered its price target on Columbia Sportswear from $98.00 to $80.00 in a Thursday, July 28 research note. Cowen raised its price target on Columbia Sportswear from $85.00 to $86.00 and gave the stock an “outperform” rating in a Tuesday, September 27 research note. Finally, Stifel Nicolaus lowered his price target on Columbia Sportswear from $100.00 to $81.00 in a Wednesday, July 20 research note. One analyst has assigned the stock a sell rating, five have assigned a hold rating and four have assigned the stock a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.50.

Columbia Sportswear Company Profile

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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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