SG Americas Securities LLC reduced its holdings in shares of Columbia Sportswear (NASDAQ:COLM – Free Report) by 77.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,739 shares of the textile maker’s stock after selling 6,028 shares during the period. SG Americas Securities LLC’s holdings in Columbia Sportswear were worth $145,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in COLM. State of Michigan Retirement System grew its position in shares of Columbia Sportswear by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 8,474 shares of the textile maker’s stock valued at $688,000 after acquiring an additional 200 shares during the period. Leeward Investments LLC MA grew its holdings in Columbia Sportswear by 4.0% during the first quarter. Leeward Investments LLC MA now owns 141,853 shares of the textile maker’s stock valued at $11,516,000 after purchasing an additional 5,444 shares during the period. Principal Financial Group Inc. increased its position in Columbia Sportswear by 2.6% in the first quarter. Principal Financial Group Inc. now owns 129,929 shares of the textile maker’s stock worth $10,548,000 after buying an additional 3,231 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Columbia Sportswear in the first quarter worth about $970,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Columbia Sportswear by 67.5% during the 1st quarter. BNP Paribas Financial Markets now owns 97,166 shares of the textile maker’s stock valued at $7,888,000 after buying an additional 39,150 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors.
Columbia Sportswear Price Performance
Columbia Sportswear stock opened at $75.18 on Friday. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $87.23. The firm’s 50 day moving average price is $81.32 and its 200-day moving average price is $80.72. The stock has a market cap of $4.44 billion, a P/E ratio of 18.34, a PEG ratio of 3.00 and a beta of 0.92.
Analysts Set New Price Targets
A number of research firms have commented on COLM. Wedbush restated a “neutral” rating and set a $80.00 target price on shares of Columbia Sportswear in a research note on Thursday, July 18th. Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and lifted their target price for the company from $84.00 to $92.00 in a research note on Monday, July 8th. Finally, StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $77.00.
View Our Latest Report on COLM
Columbia Sportswear Company Profile
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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