Columbia Sportswear (NASDAQ:COLM) Sees Significant Increase in Short Interest

Columbia Sportswear (NASDAQ:COLM) saw a significant increase in short interest in 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. Based on an average daily trading volume, of 394,600 shares, the short-interest ratio is currently 9.1 days. Currently, 11.5% of the company’s shares are sold short.

Analyst Ratings Changes

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

Institutional Trading of Columbia Sportswear

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in Columbia Sportswear by 51.3% during the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 142 shares in the last quarter. Blue Trust Inc. increased its stake in Columbia Sportswear by 116.6% during the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after acquiring an additional 225 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in Columbia Sportswear by 1.0% during the third quarter. GHP Investment Advisors Inc. now owns 28,355 shares of the textile maker’s stock worth $2,359,000 after acquiring an additional 275 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of Columbia Sportswear by 7.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,698 shares of the textile maker’s stock valued at $348,000 after buying an additional 336 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Columbia Sportswear by 1.7% during the first 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 own 47.76% of the company’s stock.

Columbia Sportswear Price Performance

COLM stock traded down $1.18 during mid-day trading on Monday, hitting $82.43. 547,994 shares of the stock were exchanged, compared to its average volume of 465,315. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $87.23. The business has a fifty day moving average price of $81.41 and a 200 day moving average price of $81.24. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 3.54 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.20. The business had revenue of $931.80 million during 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%. Columbia Sportswear’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, November 20th. Columbia Sportswear’s payout ratio is 33.15%.

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.