Columbia Sportswear (NASDAQ:COLM – Get Free Report) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 2,090,000 shares, a decrease of 7.1% from the November 30th total of 2,250,000 shares. Approximately 6.1% of the shares of the stock are sold short. Based on an average daily volume of 428,400 shares, the short-interest ratio is presently 4.9 days.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on COLM shares. Citigroup lowered their price target on Columbia Sportswear from $80.00 to $77.00 and set a “neutral” rating on the stock in a research report on Friday, October 20th. StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Monday. TheStreet upgraded shares of Columbia Sportswear from a “c+” rating to a “b-” rating in a research report on Monday, December 11th. Finally, Seaport Res Ptn downgraded shares of Columbia Sportswear from a “buy” rating to a “neutral” rating in a report on Friday, October 20th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $84.86.
Institutional Trading of Columbia Sportswear
A number of hedge funds have recently modified their holdings of COLM. Quent Capital LLC grew its holdings in shares of Columbia Sportswear by 404.4% during the third quarter. Quent Capital LLC now owns 343 shares of the textile maker’s stock valued at $25,000 after buying an additional 275 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in Columbia Sportswear during the 3rd quarter valued at about $25,000. Advisory Services Network LLC increased its holdings in shares of Columbia Sportswear by 176.1% in the 1st quarter. Advisory Services Network LLC now owns 312 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 199 shares during the period. Quarry LP purchased a new stake in shares of Columbia Sportswear in the second quarter worth approximately $33,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Columbia Sportswear by 44.3% during the third quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock worth $37,000 after purchasing an additional 154 shares during the period. Hedge funds and other institutional investors own 47.76% of the company’s stock.
Columbia Sportswear Stock Performance
Shares of NASDAQ:COLM traded down $0.22 during midday trading on Tuesday, reaching $79.32. The company had a trading volume of 463,180 shares, compared to its average volume of 378,419. The company has a fifty day simple moving average of $77.68 and a two-hundred day simple moving average of $75.42. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.66 and a beta of 0.96. Columbia Sportswear has a 1-year low of $66.01 and a 1-year high of $98.32.
Columbia Sportswear (NASDAQ:COLM – Get Free Report) last posted its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.02. The company had revenue of $985.68 million during the quarter, compared to analyst estimates of $994.07 million. Columbia Sportswear had a net margin of 7.89% and a return on equity of 16.23%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.80 earnings per share. Analysts expect that Columbia Sportswear will post 4.55 EPS for the current year.
Columbia Sportswear Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.51%. The ex-dividend date was Wednesday, November 15th. Columbia Sportswear’s payout ratio is 26.09%.
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 for mountaineering, climbing, skiing and snowboarding, trail, and camp enthusiasts.