Columbia Sportswear (NASDAQ:COLM) Short Interest Update

Columbia Sportswear (NASDAQ:COLM) saw a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 3,600,000 shares, a decline of 6.7% from the May 15th total of 3,860,000 shares. Based on an average daily trading volume, of 488,500 shares, the days-to-cover ratio is currently 7.4 days. Currently, 10.9% of the shares of the company are short sold.

Insider Buying and Selling at Columbia Sportswear

In related news, Director Sabrina Simmons sold 523 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total transaction of $42,729.10. Following the completion of the transaction, the director now directly owns 6,483 shares of the company’s stock, valued at $529,661.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Sabrina Simmons sold 523 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total value of $42,729.10. Following the sale, the director now owns 6,483 shares of the company’s stock, valued at approximately $529,661.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jim A. Swanson sold 7,199 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $77.50, for a total transaction of $557,922.50. Following the completion of the transaction, the chief financial officer now directly owns 9,423 shares of the company’s stock, valued at approximately $730,282.50. The disclosure for this sale can be found here. 44.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Columbia Sportswear

A number of institutional investors have recently added to or reduced their stakes in COLM. International Assets Investment Management LLC bought a new stake in shares of Columbia Sportswear in the fourth quarter valued at $6,982,000. Charles Schwab Investment Management Inc. lifted its holdings in Columbia Sportswear by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 515,735 shares of the textile maker’s stock valued at $41,022,000 after purchasing an additional 18,001 shares during the last quarter. Trexquant Investment LP boosted its position in Columbia Sportswear by 58.7% during the fourth quarter. Trexquant Investment LP now owns 39,446 shares of the textile maker’s stock worth $3,138,000 after purchasing an additional 14,588 shares during the period. Comerica Bank increased its stake in shares of Columbia Sportswear by 67.5% in the third quarter. Comerica Bank now owns 57,191 shares of the textile maker’s stock worth $4,238,000 after purchasing an additional 23,055 shares in the last quarter. Finally, National Bank of Canada FI purchased a new position in shares of Columbia Sportswear in the fourth quarter worth about $1,110,000. 47.76% of the stock is owned by institutional investors.

Columbia Sportswear Trading Down 0.3 %

NASDAQ COLM traded down $0.26 during trading on Tuesday, reaching $81.72. The company’s stock had a trading volume of 443,463 shares, compared to its average volume of 480,103. The firm has a 50 day moving average price of $81.38 and a 200 day moving average price of $80.21. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 3.33 and a beta of 0.95. Columbia Sportswear has a 12 month low of $66.01 and a 12 month high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.36. The firm had revenue of $769.98 million for the quarter, compared to analysts’ expectations of $740.62 million. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The company’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. On average, equities analysts forecast that Columbia Sportswear will post 3.86 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.47%. Columbia Sportswear’s dividend payout ratio is presently 29.27%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Monday, June 3rd. Stifel Nicolaus upped their price target on shares of Columbia Sportswear from $75.00 to $84.00 and gave the company a “hold” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $75.75.

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.