Columbia Sportswear (NASDAQ:COLM) Short Interest Update

Columbia Sportswear (NASDAQ:COLM) was the target of a large decrease in short interest during 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 days-to-cover ratio is presently 7.3 days. Approximately 9.2% of the company’s stock are short sold.

Analysts Set New Price Targets

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

Columbia Sportswear Stock Up 0.7 %

COLM traded up $0.59 during trading hours on Thursday, hitting $83.48. The stock had a trading volume of 118,036 shares, compared to its average volume of 454,139. The company’s fifty day simple moving average is $81.43 and its 200 day simple moving average is $80.62. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $87.23. The stock has a market cap of $4.94 billion, a PE ratio of 20.42, 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, topping the consensus estimate of ($0.34) by $0.14. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The company had revenue of $570.20 million during the quarter, compared to analyst estimates of $569.37 million. During the same quarter last year, the firm posted $0.14 EPS. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. As a group, equities analysts expect that Columbia Sportswear will post 3.84 EPS for the current year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Thursday, August 15th. Columbia Sportswear’s payout ratio is presently 29.27%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Columbia Sportswear by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock valued at $257,373,000 after buying an additional 21,104 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Columbia Sportswear by 44.3% during the 2nd quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock valued at $117,107,000 after buying an additional 454,738 shares in the last quarter. Boston Trust Walden Corp grew its holdings in Columbia Sportswear by 1.1% during the 2nd quarter. Boston Trust Walden Corp now owns 1,304,761 shares of the textile maker’s stock valued at $103,180,000 after buying an additional 13,636 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Columbia Sportswear by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,195,386 shares of the textile maker’s stock worth $94,530,000 after purchasing an additional 56,348 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Columbia Sportswear by 153.3% during the second quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock worth $48,722,000 after purchasing an additional 372,886 shares in the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

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.