Columbia Sportswear (NASDAQ:COLM – Get Free Report) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 3,180,000 shares, an increase of 14.0% from the August 31st total of 2,790,000 shares. Based on an average daily volume of 440,400 shares, the days-to-cover ratio is currently 7.2 days. Approximately 9.9% of the shares of the company are short sold.
Analyst Ratings Changes
A number of equities analysts have weighed in on COLM shares. Stifel Nicolaus upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and lifted their price objective for the company from $84.00 to $92.00 in a research note on Monday, July 8th. Wedbush reissued a “neutral” rating and issued a $80.00 price target on shares of Columbia Sportswear in a report on Thursday, July 18th. Finally, StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Columbia Sportswear presently has an average rating of “Hold” and a consensus target price of $77.00.
Check Out Our Latest Stock Analysis on Columbia Sportswear
Institutional Investors Weigh In On Columbia Sportswear
Columbia Sportswear Trading Up 0.5 %
Shares of COLM stock opened at $83.19 on Tuesday. Columbia Sportswear has a 12-month low of $66.01 and a 12-month high of $87.23. The business’s 50 day moving average is $80.80 and its two-hundred day moving average is $80.40. The company has a market capitalization of $4.92 billion, a P/E ratio of 20.29, a P/E/G ratio of 3.01 and a beta of 0.92.
Columbia Sportswear (NASDAQ:COLM – Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.14. The firm had revenue of $570.20 million for the quarter, compared to analysts’ expectations of $569.37 million. Columbia Sportswear had a net margin of 6.72% and a return on equity of 13.01%. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. On average, research analysts predict that Columbia Sportswear will post 3.85 earnings per share for the current fiscal year.
Columbia Sportswear Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.44%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 29.27%.
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.
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