Columbia Sportswear (NASDAQ:COLM – Get Rating) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 1,200,000 shares, a drop of 8.4% from the August 31st total of 1,310,000 shares. Based on an average daily volume of 356,100 shares, the short-interest ratio is presently 3.4 days. Currently, 3.7% of the shares of the stock are sold short.
Columbia Sportswear Price Performance
Columbia Sportswear stock traded down $1.34 during trading on Friday, reaching $67.30. 673,740 shares of the company were exchanged, compared to its average volume of 344,705. Columbia Sportswear has a 52-week low of $65.02 and a 52-week high of $107.50. The company has a market capitalization of $4.23 billion, a P/E ratio of 13.33, a PEG ratio of 1.32 and a beta of 0.88. The stock’s 50 day simple moving average is $72.90 and its two-hundred day simple moving average is $77.73.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The textile maker reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Columbia Sportswear had a return on equity of 17.87% and a net margin of 10.13%. The firm had revenue of $578.06 million for the quarter, compared to the consensus estimate of $592.35 million. During the same quarter last year, the business posted $0.61 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts forecast that Columbia Sportswear will post 5.17 earnings per share for the current year.
Columbia Sportswear Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.78%. Columbia Sportswear’s dividend payout ratio is currently 23.76%.
Insider Buying and Selling at Columbia Sportswear
In other Columbia Sportswear news, CFO Jim A. Swanson acquired 500 shares of the company’s stock in a transaction on Monday, August 29th. The shares were bought at an average cost of $72.99 per share, with a total value of $36,495.00. Following the completion of the acquisition, the chief financial officer now owns 5,197 shares in the company, valued at $379,329.03. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.37% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Columbia Sportswear
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE raised its position in Columbia Sportswear by 19.8% in the first quarter. US Bancorp DE now owns 823 shares of the textile maker’s stock valued at $75,000 after purchasing an additional 136 shares during the period. Crossmark Global Holdings Inc. raised its position in Columbia Sportswear by 1.0% in the second quarter. Crossmark Global Holdings Inc. now owns 14,580 shares of the textile maker’s stock valued at $1,043,000 after purchasing an additional 150 shares during the period. Yousif Capital Management LLC raised its position in Columbia Sportswear by 0.9% in the second quarter. Yousif Capital Management LLC now owns 18,731 shares of the textile maker’s stock valued at $1,341,000 after purchasing an additional 170 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Columbia Sportswear by 1.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 11,230 shares of the textile maker’s stock valued at $803,000 after buying an additional 189 shares during the period. Finally, WINTON GROUP Ltd raised its holdings in shares of Columbia Sportswear by 0.9% in the 1st quarter. WINTON GROUP Ltd now owns 21,056 shares of the textile maker’s stock valued at $1,906,000 after buying an additional 190 shares during the period. Hedge funds and other institutional investors own 48.56% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on COLM. Robert W. Baird lowered their price target on Columbia Sportswear from $85.00 to $82.00 and set a “neutral” rating on the stock in a research note on Thursday, July 28th. UBS Group lowered their price target on Columbia Sportswear from $83.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, July 28th. Citigroup lowered their price target on Columbia Sportswear from $98.00 to $80.00 in a research note on Thursday, July 28th. Cowen lifted their price target on Columbia Sportswear from $85.00 to $86.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 27th. Finally, Stifel Nicolaus lowered their price target on Columbia Sportswear from $100.00 to $81.00 in a research note on Wednesday, July 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $86.50.
Columbia Sportswear Company Profile
Columbia Sportswear Company, together with its subsidiaries, designs, sources, 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 that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Columbia Sportswear, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Columbia Sportswear wasn’t on the list.
While Columbia Sportswear currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: marketbeat.com
