New York State Common Retirement Fund Purchases 32,525 Shares of Columbia Sportswear (NASDAQ:COLM)

New York State Common Retirement Fund grew its holdings in shares of Columbia Sportswear (NASDAQ:COLMFree Report) by 20.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 193,720 shares of the textile maker’s stock after purchasing an additional 32,525 shares during the quarter. New York State Common Retirement Fund owned approximately 0.32% of Columbia Sportswear worth $14,355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in COLM. Zions Bancorporation N.A. boosted its position in shares of Columbia Sportswear by 8.8% during the 3rd quarter. Zions Bancorporation N.A. now owns 13,062 shares of the textile maker’s stock valued at $968,000 after acquiring an additional 1,052 shares during the last quarter. Jump Financial LLC boosted its position in shares of Columbia Sportswear by 85.2% during the 3rd quarter. Jump Financial LLC now owns 40,800 shares of the textile maker’s stock valued at $3,023,000 after acquiring an additional 18,770 shares during the last quarter. Cairn Investment Group Inc. boosted its position in shares of Columbia Sportswear by 4.0% during the 3rd quarter. Cairn Investment Group Inc. now owns 44,580 shares of the textile maker’s stock valued at $3,303,000 after acquiring an additional 1,710 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Columbia Sportswear during the 3rd quarter valued at approximately $154,000. Finally, Signaturefd LLC boosted its position in shares of Columbia Sportswear by 125.7% during the 3rd quarter. Signaturefd LLC now owns 607 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Seaport Res Ptn downgraded Columbia Sportswear from a “buy” rating to a “neutral” rating in a research report on Friday, October 20th. UBS Group decreased their price objective on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a report on Friday, February 2nd. TheStreet upgraded Columbia Sportswear from a “c+” rating to a “b-” rating in a report on Monday, December 11th. Finally, Citigroup decreased their price objective on Columbia Sportswear from $80.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $78.00.

Check Out Our Latest Analysis on Columbia Sportswear

Columbia Sportswear Stock Performance

Shares of Columbia Sportswear stock opened at $77.58 on Wednesday. The company has a market capitalization of $4.69 billion, a PE ratio of 18.78, a P/E/G ratio of 1.74 and a beta of 0.96. The company has a 50-day simple moving average of $79.45 and a two-hundred day simple moving average of $75.76. Columbia Sportswear has a one year low of $66.01 and a one year high of $92.98.

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.55%. Columbia Sportswear’s payout ratio is 29.06%.

Columbia Sportswear Profile

(Free Report)

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 for mountaineering, climbing, skiing and snowboarding, trail, and camp enthusiasts.

Further Reading

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Institutional Ownership by Quarter for Columbia Sportswear (NASDAQ:COLM)

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