Columbia Sportswear (NASDAQ:COLM) Short Interest Update

Columbia Sportswear (NASDAQ:COLM - Get Free Report) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 3,180,000 shares, an increase of 14.0% from the August 31st total of 2,790,000 shares. Based on an average trading volume of 440,400 shares, the days-to-cover ratio is currently 7.2 days. Currently, 9.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On Columbia Sportswear

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted 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 in the last quarter. TFO Wealth Partners LLC grew its stake in shares of Columbia Sportswear by 11,725.0% in the 4th quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker's stock valued at $38,000 after buying an additional 469 shares during the period. Headlands Technologies LLC increased its position in Columbia Sportswear by 174.8% in the 1st quarter. Headlands Technologies LLC now owns 599 shares of the textile maker's stock valued at $49,000 after buying an additional 381 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in Columbia Sportswear in the first quarter worth approximately $64,000. Finally, Dnca Finance acquired a new stake in Columbia Sportswear in the second quarter valued at approximately $68,000. 47.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

COLM has been the subject of several research reports. Stifel Nicolaus raised shares of Columbia Sportswear from a "hold" rating to a "buy" rating and increased their price objective for the company from $84.00 to $92.00 in a research note on Monday, July 8th. Wedbush reissued a "neutral" rating and set a $80.00 price objective on shares of Columbia Sportswear in a report on Thursday, July 18th. Finally, StockNews.com raised Columbia Sportswear from a "hold" rating to a "buy" rating in a report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $77.00.

Columbia Sportswear Stock Up 0.8 %

Shares of Columbia Sportswear stock opened at $82.76 on Friday. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 3.01 and a beta of 0.92. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $87.23. The company's fifty day moving average is $80.80 and its 200 day moving average is $80.39.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 last year, the company earned $0.14 earnings per share. The firm's revenue was down 8.2% compared to the same quarter last year. As a group, equities analysts anticipate that Columbia Sportswear will post 3.85 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, August 15th. Columbia Sportswear's dividend payout ratio (DPR) is presently 29.27%.

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.