Short Interest in Columbia Sportswear (NASDAQ:COLM) Increases By 13.4%

Columbia Sportswear (NASDAQ:COLM - Get Free Report) saw a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 3,380,000 shares, an increase of 13.4% from the July 31st total of 2,980,000 shares. Approximately 10.4% of the shares of the stock are short sold. Based on an average trading volume of 462,100 shares, the short-interest ratio is presently 7.3 days.

Analyst Ratings Changes

Several research firms have recently commented on COLM. Wedbush reiterated a "neutral" rating and issued a $80.00 price target on shares of Columbia Sportswear in a research report on Thursday, July 18th. Stifel Nicolaus upgraded Columbia Sportswear from a "hold" rating to a "buy" rating and increased their target price for the company from $84.00 to $92.00 in a report on Monday, July 8th. Finally, StockNews.com cut Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $77.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of COLM. International Assets Investment Management LLC purchased a new stake in Columbia Sportswear in the fourth quarter valued at approximately $6,982,000. Truist Financial Corp purchased a new stake in shares of Columbia Sportswear during the 4th quarter valued at $7,415,000. Natixis Advisors L.P. grew its stake in shares of Columbia Sportswear by 116.9% during the 4th quarter. Natixis Advisors L.P. now owns 82,197 shares of the textile maker's stock valued at $6,537,000 after buying an additional 44,299 shares during the period. M&T Bank Corp increased its holdings in shares of Columbia Sportswear by 11.9% during the 4th quarter. M&T Bank Corp now owns 3,860 shares of the textile maker's stock worth $307,000 after buying an additional 412 shares during the last quarter. Finally, National Bank of Canada FI purchased a new position in shares of Columbia Sportswear in the 4th quarter worth $1,110,000. Institutional investors and hedge funds own 47.76% of the company's stock.

Columbia Sportswear Stock Up 0.3 %

Shares of NASDAQ:COLM traded up $0.26 during trading on Friday, reaching $80.73. The stock had a trading volume of 351,238 shares, compared to its average volume of 480,244. Columbia Sportswear has a fifty-two week low of $66.01 and a fifty-two week high of $87.23. The business has a fifty day moving average price of $79.60 and a 200-day moving average price of $80.30. The stock has a market cap of $4.77 billion, a P/E ratio of 19.69, a PEG ratio of 2.94 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.20) earnings per share for the quarter, beating 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 the consensus estimate of $569.37 million. During the same period in the previous year, the firm posted $0.14 EPS. Columbia Sportswear's revenue was down 8.2% on a year-over-year basis. As a group, equities analysts forecast that Columbia Sportswear will post 3.85 EPS for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Thursday, August 15th. Columbia Sportswear's payout ratio is 29.27%.

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.