SG Americas Securities LLC bought a new position in Columbia Sportswear Company (NASDAQ:COLM – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,683 shares of the textile maker’s stock, valued at approximately $663,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COLM. CWM LLC grew its position in shares of Columbia Sportswear by 1,362.1% during the third quarter. CWM LLC now owns 21,770 shares of the textile maker’s stock worth $1,139,000 after purchasing an additional 20,281 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in Columbia Sportswear by 0.5% in the 2nd quarter. Boston Trust Walden Corp now owns 1,198,524 shares of the textile maker’s stock worth $73,206,000 after purchasing an additional 5,491 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Columbia Sportswear in the 2nd quarter worth approximately $335,000. Janney Montgomery Scott LLC bought a new position in Columbia Sportswear in the 2nd quarter worth approximately $425,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Columbia Sportswear during the 2nd quarter valued at approximately $2,307,000. Institutional investors own 47.76% of the company’s stock.
Columbia Sportswear Trading Up 2.6%
COLM opened at $53.54 on Thursday. The stock has a 50-day moving average of $54.73 and a 200 day moving average of $54.65. Columbia Sportswear Company has a 12 month low of $47.47 and a 12 month high of $92.88. The firm has a market cap of $2.89 billion, a P/E ratio of 16.18 and a beta of 0.90.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on COLM. UBS Group reissued a “sell” rating and issued a $39.00 target price (up previously from $38.00) on shares of Columbia Sportswear in a report on Thursday, January 8th. BTIG Research reiterated a “buy” rating and issued a $75.00 price target on shares of Columbia Sportswear in a research note on Friday, October 31st. Zacks Research raised Columbia Sportswear from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Columbia Sportswear in a research report on Monday, December 29th. Finally, Wall Street Zen raised Columbia Sportswear from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $56.00.
Get Our Latest Stock Report on COLM
About Columbia Sportswear
Columbia Sportswear Company develops, sources, markets and distributes a wide range of outdoor apparel, footwear and accessories designed for activities such as hiking, skiing, snowboarding and trail running. Its product portfolio includes weatherproof jackets and pants featuring proprietary technologies like Omni-Tech® waterproofing and Omni-Heat® thermal reflective lining, as well as activewear, footwear, hats, gloves and accessories under the Columbia® brand and complementary brands.
Founded in 1938 as the Columbia Hat Company in Portland, Oregon, the company initially focused on headwear before expanding into outerwear in the 1970s with the introduction of the Bugaboo® interchange jacket.
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