BlackRock Institutional Trust Company N.A. Sells 2,960 Shares of Columbia Sportswear Company (COLM)

BlackRock Institutional Trust Company N.A. Sells 2,960 Shares of Columbia Sportswear Company (COLM)

BlackRock Institutional Trust Company N.A. reduced its position in Columbia Sportswear Company (NASDAQ:COLM) by 0.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 675,634 shares of the company’s stock after selling 2,960 shares during the period. BlackRock Institutional Trust Company N.A. owned 0.97% of Columbia Sportswear Company worth $38,335,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of Columbia Sportswear Company by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 1,266,412 shares of the company’s stock worth $71,857,000 after buying an additional 49,448 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Columbia Sportswear Company by 17.9% in the third quarter. Teachers Advisors LLC now owns 226,888 shares of the company’s stock worth $12,874,000 after buying an additional 34,370 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Columbia Sportswear Company by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 246,621 shares of the company’s stock worth $13,993,000 after buying an additional 1,263 shares in the last quarter. Strs Ohio boosted its position in shares of Columbia Sportswear Company by 26.0% in the third quarter. Strs Ohio now owns 18,400 shares of the company’s stock worth $1,044,000 after buying an additional 3,800 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Columbia Sportswear Company by 19.2% in the second quarter. UBS Asset Management Americas Inc. now owns 13,650 shares of the company’s stock worth $785,000 after buying an additional 2,200 shares in the last quarter. Institutional investors own 37.13% of the company’s stock.

Shares of Columbia Sportswear Company (NASDAQ:COLM) traded down 0.85% on Friday, reaching $55.06. The company’s stock had a trading volume of 428,066 shares. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 22.83 and a beta of 0.75. Columbia Sportswear Company has a 12-month low of $46.08 and a 12-month high of $63.55. The company’s 50-day moving average is $57.30 and its 200 day moving average is $57.63.

Several brokerages have weighed in on COLM. DA Davidson set a $72.00 price objective on Columbia Sportswear Company and gave the company a “buy” rating in a research note on Monday, November 28th. Zacks Investment Research cut Columbia Sportswear Company from a “hold” rating to a “sell” rating in a research note on Wednesday, November 16th. Wedbush raised their price objective on Columbia Sportswear Company from $67.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, January 13th. CL King began coverage on Columbia Sportswear Company in a research note on Friday, January 13th. They set a “buy” rating and a $63.00 price objective on the stock. Finally, Canaccord Genuity set a $70.00 price objective on Columbia Sportswear Company and gave the company a “buy” rating in a research note on Friday, January 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $67.38.

In other Columbia Sportswear Company news, Director Sarah Bany sold 5,290 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $59.37, for a total value of $314,067.30. Following the sale, the director now directly owns 1,579,136 shares of the company’s stock, valued at $93,753,304.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 74,488 shares of company stock worth $4,302,441 over the last three months. Corporate insiders own 62.12% of the company’s stock.

About Columbia Sportswear Company

Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company’s geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada.

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