Columbia Sportswear (NASDAQ:COLM) Short Interest Update

Columbia Sportswear (NASDAQ:COLM) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 2,970,000 shares, a decrease of 6.6% from the September 15th total of 3,180,000 shares. Based on an average daily trading volume, of 404,500 shares, the short-interest ratio is currently 7.3 days. Currently, 9.2% of the company’s stock are short sold.

Institutional Trading of Columbia Sportswear

Several hedge funds and other institutional investors have recently bought and sold shares of COLM. Blue Trust Inc. boosted its position in Columbia Sportswear by 116.6% in the 2nd quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after purchasing an additional 225 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Columbia Sportswear by 51.3% during the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock worth $35,000 after buying an additional 142 shares in the last quarter. Headlands Technologies LLC grew its position in Columbia Sportswear by 174.8% during the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock valued at $49,000 after buying an additional 381 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of Columbia Sportswear during the 1st quarter valued at about $64,000. Finally, Dnca Finance purchased a new position in shares of Columbia Sportswear in the 2nd quarter valued at about $68,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on COLM. Stifel Nicolaus raised Columbia Sportswear from a “hold” rating to a “buy” rating and boosted their price target for the stock from $84.00 to $92.00 in a research report on Monday, July 8th. Wedbush restated a “neutral” rating and issued a $80.00 price target on shares of Columbia Sportswear in a report on Thursday, July 18th. Finally, StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $77.00.

Columbia Sportswear Price Performance

Columbia Sportswear stock traded up $1.23 during mid-day trading on Wednesday, reaching $82.89. 269,055 shares of the company traded hands, compared to its average volume of 455,820. Columbia Sportswear has a fifty-two week low of $66.01 and a fifty-two week high of $87.23. The firm’s fifty day moving average is $81.38 and its two-hundred day moving average is $80.60. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 3.00 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.14. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The business had revenue of $570.20 million for the quarter, compared to analyst estimates of $569.37 million. During the same period in the prior year, the company earned $0.14 earnings per share. The company’s revenue was down 8.2% on a year-over-year basis. As a group, equities research analysts predict that Columbia Sportswear will post 3.84 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.45%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 29.27%.

About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.