Columbia Sportswear (NASDAQ:COLM) Short Interest Update

Columbia Sportswear (NASDAQ:COLM) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 3,320,000 shares, an increase of 26.2% from the March 31st total of 2,630,000 shares. Based on an average daily trading volume, of 526,600 shares, the days-to-cover ratio is currently 6.3 days. Currently, 9.9% of the company’s stock are sold short.

Columbia Sportswear Stock Up 0.7 %

NASDAQ COLM traded up $0.54 during trading on Tuesday, hitting $79.63. The company’s stock had a trading volume of 677,525 shares, compared to its average volume of 522,785. The firm has a market cap of $4.74 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 3.27 and a beta of 0.94. Columbia Sportswear has a 52 week low of $66.01 and a 52 week high of $86.11. The firm has a 50 day moving average price of $78.76 and a 200 day moving average price of $78.15.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, April 25th. The textile maker reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.36. The business had revenue of $769.98 million for the quarter, compared to analysts’ expectations of $740.62 million. Columbia Sportswear had a return on equity of 13.98% and a net margin of 7.20%. Columbia Sportswear’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 earnings per share. On average, equities analysts expect that Columbia Sportswear will post 3.69 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Wednesday, May 15th. Columbia Sportswear’s dividend payout ratio is presently 29.27%.

Insider Activity

In other news, Director Ronald E. Nelson sold 5,768 shares of Columbia Sportswear stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total transaction of $473,264.40. Following the completion of the sale, the director now directly owns 16,857 shares in the company, valued at approximately $1,383,116.85. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Stephen E. Babson sold 2,411 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $80.98, for a total value of $195,242.78. Following the completion of the sale, the director now directly owns 122,879 shares in the company, valued at approximately $9,950,741.42. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald E. Nelson sold 5,768 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total value of $473,264.40. Following the completion of the sale, the director now owns 16,857 shares of the company’s stock, valued at $1,383,116.85. The disclosure for this sale can be found here. 43.00% of the stock is owned by corporate insiders.

Institutional Trading of Columbia Sportswear

A number of institutional investors and hedge funds have recently modified their holdings of COLM. Venturi Wealth Management LLC boosted its stake in Columbia Sportswear by 76.2% in the 4th quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock valued at $36,000 after buying an additional 195 shares in the last quarter. Fifth Third Bancorp boosted its stake in Columbia Sportswear by 44.3% in the 3rd quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock valued at $37,000 after buying an additional 154 shares in the last quarter. TFO Wealth Partners LLC boosted its stake in 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 in the last quarter. Signaturefd LLC boosted its stake in Columbia Sportswear by 125.7% in the 3rd quarter. Signaturefd LLC now owns 607 shares of the textile maker’s stock valued at $45,000 after buying an additional 338 shares in the last quarter. Finally, Quent Capital LLC boosted its stake in Columbia Sportswear by 79.6% in the 4th quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock valued at $49,000 after buying an additional 273 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group reduced their target price on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a report on Friday, February 2nd. Stifel Nicolaus lifted their price target on Columbia Sportswear from $75.00 to $84.00 and gave the stock a “hold” rating in a research report on Friday. Finally, StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $75.75.

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.