Columbia Sportswear (NASDAQ: COLM) saw significant growth in short-term interest in September. As of September 15, there was short interest totaling 776,300 shares, an increase of 49.4% from the August 31 total of 519,700 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average trading volume of 333,300 shares, the short-term interest rate is currently 2.3 days.
Columbia Sportswear shares traded up $ 0.46 on Monday, reaching $ 97.95. 5,906 shares of the company were traded, for an average volume of 362,077. The company has a 50-day simple moving average of $ 101.21 and a 200-day simple moving average of $ 103.07. The stock has a market cap of $ 6.46 billion, a PE ratio of 25.45, a PEG ratio of 0.66 and a beta of 0.87. Columbia Sportswear has a one-year low at $ 73.11 and a one-year high at $ 114.98.
Columbia Sportswear (NASDAQ: COLM) last released its quarterly results on Sunday, August 1. The textile maker reported earnings of $ 0.61 per share for the quarter, beating Thomson Reuters consensus estimate of ($ 0.08) by $ 0.69. The company posted revenue of $ 566.37 million for the quarter, compared to analysts’ expectations of $ 503.02 million. Columbia Sportswear had a net margin of 9.08% and a return on equity of 14.00%. The company’s revenue increased 78.9% compared to the same quarter last year. In the same quarter of last year, the company posted ($ 0.77) EPS. Stock research analysts predict that Columbia Sportswear will post earnings per share of 4.62 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 26. Shareholders of record on Thursday August 12 received a dividend of $ 0.26 per share. This represents an annualized dividend of $ 1.04 and a dividend yield of 1.06%. The ex-dividend date was Wednesday August 11. Columbia Sportswear’s dividend payout ratio is currently 64.20%.
COLM has been the subject of several analyst reports. TheStreet downgraded Columbia Sportswear shares from a “c +” rating to a “b-” rating in a research report released on Wednesday, June 16. Pivotal Research reaffirmed a “hold” rating and issued a price target of $ 116.00 on Columbia Sportswear shares in a research report released on Wednesday, July 28. Zacks investment research downgraded Columbia Sportswear’s stock from a “buy” rating to a “hold” rating and set a target price of $ 106.00 for the company. in a research report on Tuesday, July 6. Finally, Robert W. Baird raised his target price on Columbia Sportswear stock from $ 120.00 to $ 130.00 and gave the stock an “outperformance” rating in a research report on Thursday, June 10. Four analysts rated the stock with a conservation rating and four gave the company a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $ 115.14.
In related news, EVP Lisa Kulok sold 525 shares of the company in a transaction that took place on Tuesday, August 31. The shares were sold at an average price of $ 103.13, for a total trade of $ 54,143.25. The sale was disclosed in a file with the Securities & Exchange Commission, which can be accessed via the SEC website. 40.33% of the shares are held by insiders of the company.
Several institutional investors and hedge funds have recently increased or reduced their stake in COLM. Eaton Vance Management purchased a new position in Columbia Sportswear stocks during the 1st quarter valued at $ 25,000. First Horizon Advisors Inc. increased its stake in Columbia Sportswear shares by 187.0% during the 1st quarter. First Horizon Advisors Inc. now owns 554 shares of the textile maker valued at $ 58,000 after buying 361 more shares last quarter. FinTrust Capital Advisors LLC increased its stake in Columbia Sportswear shares by 53.2% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 950 shares of the textile maker valued at $ 93,000 after buying an additional 330 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Columbia Sportswear shares by 2,146.2% during the 1st quarter. Panagora Asset Management Inc. now owns 1,168 shares of the textile maker valued at $ 123,000 after purchasing an additional 1,116 shares in the last quarter. Finally, Profund Advisors LLC purchased a new position in Columbia Sportswear stocks during the 1st quarter valued at $ 202,000. Institutional investors hold 46.64% of the company’s shares.
About Columbia Sportswear
Columbia Sportswear Co is engaged in the design, supply, marketing and distribution of outdoor and active lifestyle apparel, footwear, accessories and equipment. It operates through the following geographic segments: the United States; Latin America and Asia-Pacific; Europe, Middle East and Africa; and Canadian.
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