Columbia Sportswear (NASDAQ:COLM) Short Interest Update

Columbia Sportswear (NASDAQ:COLM) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 3,610,000 shares, an increase of 8.1% from the October 15th total of 3,340,000 shares. Approximately 11.5% of the shares of the company are sold short. Based on an average daily trading volume, of 394,600 shares, the short-interest ratio is currently 9.1 days.

Columbia Sportswear Trading Down 1.4 %

Shares of NASDAQ:COLM traded down $1.18 during midday trading on Monday, hitting $82.43. 547,994 shares of the stock were exchanged, compared to its average volume of 465,315. The stock has a market cap of $4.71 billion, a P/E ratio of 22.77, a PEG ratio of 3.54 and a beta of 0.92. Columbia Sportswear has a twelve month low of $73.04 and a twelve month high of $87.23. The company has a 50 day moving average price of $81.41 and a 200-day moving average price of $81.24.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.20. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The business had revenue of $931.80 million during the quarter, compared to the consensus estimate of $937.17 million. During the same quarter in the previous year, the company posted $1.70 EPS. The business’s revenue was down 5.5% on a year-over-year basis. On average, equities research analysts expect that Columbia Sportswear will post 3.86 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, November 20th. Columbia Sportswear’s payout ratio is 33.15%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in COLM. Vanguard Group Inc. raised its stake in Columbia Sportswear by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock valued at $257,373,000 after purchasing an additional 21,104 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Columbia Sportswear in the 1st quarter valued at about $456,000. Ontario Teachers Pension Plan Board purchased a new stake in Columbia Sportswear in the 1st quarter valued at about $3,806,000. Seven Eight Capital LP purchased a new stake in Columbia Sportswear in the 1st quarter valued at about $258,000. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Columbia Sportswear by 1.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 24,707 shares of the textile maker’s stock valued at $2,005,000 after buying an additional 413 shares during the period. Institutional investors and hedge funds own 47.76% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $77.00.

Columbia Sportswear Company Profile

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.