California State Teachers Retirement System lowered its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 9.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,714 shares of the textile maker’s stock after selling 4,985 shares during the quarter. California State Teachers Retirement System owned approximately 0.07% of Columbia Sportswear worth $2,877,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. increased its holdings in Columbia Sportswear by 10.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock worth $149,000 after acquiring an additional 234 shares in the last quarter. Advisor Group Inc. increased its holdings in Columbia Sportswear by 11.2% in the 2nd quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock worth $195,000 after acquiring an additional 339 shares in the last quarter. Invictus RG purchased a new stake in Columbia Sportswear in the 3rd quarter worth approximately $207,000. Amalgamated Bank purchased a new stake in Columbia Sportswear in the 2nd quarter worth approximately $214,000. Finally, Tudor Investment Corp ET AL purchased a new stake in Columbia Sportswear in the 2nd quarter worth approximately $235,000. 38.95% of the stock is owned by hedge funds and other institutional investors.
Columbia Sportswear (NASDAQ:COLM) traded down $0.80 during midday trading on Friday, hitting $75.08. The stock had a trading volume of 207,526 shares, compared to its average volume of 182,664. The company has a market cap of $5,302.23, a P/E ratio of 26.91, a P/E/G ratio of 2.52 and a beta of 0.95. Columbia Sportswear has a 52-week low of $51.56 and a 52-week high of $78.26.
In related news, Director Malia H. Wasson sold 900 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $61.68, for a total value of $55,512.00. Following the completion of the sale, the director now directly owns 1,089 shares in the company, valued at $67,169.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Walter Klenz sold 11,608 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $66.05, for a total value of $766,708.40. Following the completion of the sale, the director now owns 21,619 shares of the company’s stock, valued at $1,427,934.95. The disclosure for this sale can be found here. 58.86% of the stock is owned by company insiders.
Several equities research analysts recently issued reports on COLM shares. Zacks Investment Research raised shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Robert W. Baird reissued a “buy” rating and issued a $68.00 target price on shares of Columbia Sportswear in a report on Sunday, October 22nd. FBR & Co reaffirmed a “buy” rating and set a $68.00 price objective on shares of Columbia Sportswear in a report on Friday, October 27th. Pivotal Research reaffirmed a “buy” rating and set a $74.00 price objective (up from $72.00) on shares of Columbia Sportswear in a report on Friday, October 27th. Finally, Stifel Nicolaus increased their price objective on shares of Columbia Sportswear from $60.00 to $62.00 and gave the company a “hold” rating in a report on Friday, October 27th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $70.93.
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Columbia Sportswear Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
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