Columbia Sportswear (NASDAQ:COLM) Short Interest Up 22.2% in May

Columbia Sportswear (NASDAQ:COLMGet Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 3,860,000 shares, an increase of 22.2% from the April 30th total of 3,160,000 shares. Based on an average daily volume of 491,800 shares, the days-to-cover ratio is presently 7.8 days. Currently, 11.7% of the company’s shares are sold short.

Columbia Sportswear Stock Up 1.1 %

Shares of COLM opened at $83.82 on Friday. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 3.43 and a beta of 0.94. The business’s 50 day moving average is $80.01 and its two-hundred day moving average is $79.54. Columbia Sportswear has a 52-week low of $66.01 and a 52-week high of $86.73.

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

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Wednesday, May 15th. Columbia Sportswear’s dividend payout ratio is currently 29.27%.

Insider Activity at Columbia Sportswear

In other news, Director Sabrina Simmons sold 523 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total transaction of $42,729.10. Following the completion of the sale, the director now directly owns 6,483 shares in the company, valued at approximately $529,661.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Sabrina Simmons sold 523 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total value of $42,729.10. Following the transaction, the director now directly owns 6,483 shares in the company, valued at approximately $529,661.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jim A. Swanson sold 7,199 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $77.50, for a total value of $557,922.50. Following the sale, the chief financial officer now 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 insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its holdings in shares of Columbia Sportswear by 76.2% in the 4th quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock worth $36,000 after purchasing an additional 195 shares during the last quarter. TFO Wealth Partners LLC grew its position in shares of Columbia Sportswear by 11,725.0% during the fourth quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock worth $38,000 after acquiring an additional 469 shares during the last quarter. Signaturefd LLC grew its position in shares of Columbia Sportswear by 125.7% during the third quarter. Signaturefd LLC now owns 607 shares of the textile maker’s stock worth $45,000 after acquiring an additional 338 shares during the last quarter. Quent Capital LLC increased its holdings in shares of Columbia Sportswear by 79.6% in the 4th quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock worth $49,000 after acquiring an additional 273 shares during the period. Finally, Headlands Technologies LLC boosted its stake in Columbia Sportswear by 174.8% during the 1st quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 381 shares during the period. Institutional investors and hedge funds own 47.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on COLM shares. UBS Group reduced their target price on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a report on Friday, February 2nd. Stifel Nicolaus boosted their price objective on Columbia Sportswear from $75.00 to $84.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $75.75.

Check Out Our Latest Stock Report on COLM

About Columbia Sportswear

(Get Free Report)

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.

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