Columbia Sportswear (NASDAQ:COLM) Short Interest Update

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Columbia Sportswear by 0.7% during the first 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. Ontario Teachers Pension Plan Board bought a new position in Columbia Sportswear during the first quarter valued at about $3,806,000. Tidal Investments LLC purchased a new stake in shares of Columbia Sportswear during the first quarter valued at $845,000. Impax Asset Management Group plc lifted its holdings in shares of Columbia Sportswear by 79.2% during the third quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker’s stock valued at $7,530,000 after purchasing an additional 40,000 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Columbia Sportswear during the third quarter valued at $7,676,000. Institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Stock Down 1.4 %

Shares of COLM traded down $1.18 during trading on Monday, reaching $82.43. The company’s stock had a trading volume of 547,994 shares, compared to its average volume of 465,315. The company has a fifty day moving average of $81.41 and a two-hundred day moving average of $81.24. Columbia Sportswear has a twelve month low of $73.04 and a twelve month high of $87.23. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 3.54 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.20. The business had revenue of $931.80 million for the quarter, compared to analyst estimates of $937.17 million. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 EPS. As a group, equities analysts forecast that Columbia Sportswear will post 3.86 EPS for the current fiscal 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 dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.20 annualized dividend and a yield of 1.46%. Columbia Sportswear’s dividend payout ratio is currently 33.15%.

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.