Trade Report: Today, Short Interest in Columbia Sportswear Co. (COLM) Expands By 32.3%

Today, Short Interest in Columbia Sportswear Co. (COLM) Expands By 32.3%

Columbia Sportswear Co. (NASDAQ:COLM) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 741,918 shares, an increase of 32.3% from the August 31st total of 560,774 shares. Approximately 2.8% of the shares of the stock are sold short. Based on an average trading volume of 285,198 shares, the days-to-cover ratio is presently 2.6 days.

Shares of Columbia Sportswear (NASDAQ:COLM) opened at 56.68 on Friday. The firm has a 50 day moving average price of $56.22 and a 200-day moving average price of $57.38. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 22.60 and a beta of 0.89. Columbia Sportswear has a 52-week low of $43.56 and a 52-week high of $66.00.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.05. The firm earned $388.70 million during the quarter, compared to analyst estimates of $392.02 million. Columbia Sportswear had a return on equity of 12.14% and a net margin of 7.48%. Columbia Sportswear’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.09) EPS. Equities research analysts anticipate that Columbia Sportswear will post $2.67 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Columbia Sportswear by 2.5% in the second quarter. BlackRock Inc. now owns 2,042 shares of the company’s stock valued at $117,000 after buying an additional 50 shares during the period. Eqis Capital Management Inc. raised its stake in Columbia Sportswear by 1.4% in the third quarter. Eqis Capital Management Inc. now owns 4,060 shares of the company’s stock valued at $230,000 after buying an additional 57 shares during the period. Stifel Financial Corp raised its stake in Columbia Sportswear by 7.4% in the second quarter. Stifel Financial Corp now owns 4,773 shares of the company’s stock valued at $275,000 after buying an additional 327 shares during the period. Teacher Retirement System of Texas raised its stake in Columbia Sportswear by 14.1% in the second quarter. Teacher Retirement System of Texas now owns 3,929 shares of the company’s stock valued at $226,000 after buying an additional 485 shares during the period. Finally, Glenmede Trust Co. NA raised its stake in Columbia Sportswear by 14.4% in the second quarter. Glenmede Trust Co. NA now owns 4,051 shares of the company’s stock valued at $233,000 after buying an additional 511 shares during the period. Hedge funds and other institutional investors own 36.55% of the company’s stock.

COLM has been the subject of a number of recent analyst reports. Canaccord Genuity upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and upped their target price for the company from $59.00 to $72.00 in a research report on Tuesday, September 20th. Zacks Investment Research downgraded Columbia Sportswear from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Brean Capital reiterated a “hold” rating on shares of Columbia Sportswear in a research report on Thursday, September 22nd. Credit Suisse Group AG reiterated a “hold” rating on shares of Columbia Sportswear in a research report on Sunday, August 7th. Finally, FBR & Co upped their target price on Columbia Sportswear from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $62.75.

Columbia Sportswear Company Profile

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