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Columbia Sportswear (NASDAQ:COLM – Get Rating) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b” rating in a research note issued on Wednesday, TheStreetRatingsTable reports.
COLM has been the topic of a number of other reports. StockNews.com assumed coverage on shares of Columbia Sportswear in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Cowen upped their target price on shares of Columbia Sportswear to $89.00 in a research report on Tuesday, November 1st. Citigroup dropped their price target on Columbia Sportswear from $98.00 to $80.00 in a research note on Thursday, July 28th. UBS Group reduced their price objective on Columbia Sportswear from $83.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, July 28th. Finally, Robert W. Baird dropped their target price on Columbia Sportswear from $85.00 to $82.00 and set a “neutral” rating for the company in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $86.88.
Columbia Sportswear Stock Up 0.7 %
Shares of NASDAQ COLM opened at $89.11 on Wednesday. The firm has a market capitalization of $5.53 billion, a P/E ratio of 16.72, a P/E/G ratio of 2.00 and a beta of 0.88. The stock’s 50-day simple moving average is $75.09 and its two-hundred day simple moving average is $74.74. Columbia Sportswear has a twelve month low of $65.02 and a twelve month high of $103.74.
Insider Activity
In other Columbia Sportswear news, CFO Jim A. Swanson acquired 500 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The shares were acquired at an average price of $72.99 per share, with a total value of $36,495.00. Following the completion of the purchase, the chief financial officer now directly owns 5,197 shares of the company’s stock, valued at approximately $379,329.03. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 42.37% of the company’s stock.
Institutional Trading of Columbia Sportswear
Several institutional investors have recently bought and sold shares of COLM. Meeder Asset Management Inc. purchased a new position in Columbia Sportswear in the 1st quarter worth approximately $27,000. Ronald Blue Trust Inc. boosted its position in shares of Columbia Sportswear by 203.1% during the third quarter. Ronald Blue Trust Inc. now owns 391 shares of the textile maker’s stock valued at $28,000 after buying an additional 262 shares during the last quarter. Fifth Third Bancorp raised its position in Columbia Sportswear by 342.4% in the 2nd quarter. Fifth Third Bancorp now owns 438 shares of the textile maker’s stock worth $31,000 after buying an additional 339 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Columbia Sportswear by 110.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 490 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 257 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of Columbia Sportswear by 1,084.0% during the 3rd quarter. Bessemer Group Inc. now owns 592 shares of the textile maker’s stock valued at $40,000 after acquiring an additional 542 shares during the last quarter. 48.56% of the stock is owned by hedge funds and other institutional investors.
Columbia Sportswear Company Profile
(Get Rating)
Columbia Sportswear Company, together with its subsidiaries, designs, sources, 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 that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.
See Also
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