The financial analysts at StockNews.com downgraded their recommendation for Columbia Sportswear (NASDAQ: COLM), moving it from a “buy” rating to a “hold” rating in a research report that was made available to clients and investors on Wednesday.
Additionally, there have been researching publications written about COLM that have been published.
Mhe price target that Cowen has set for Columbia Sportswear’s stock increased to $89.00 on November 1st.
Mhis adjustment kicked in as soon as it was made. UBS Group upgraded Columbia Sportswear from a “neutral” rating to an “overweight” rating and increased their price objective from $90.00 to $92.00 in a research note disseminated on Monday, January 23rd.
After reviewing the company’s performance in a research note released on November 23rd, TheStreet upgraded Columbia Sportswear from a “c+” to a “b.” Three analysts have recommended purchasing the stock, one suggested selling it, and three feel that it is best to hold onto it for the time being.
Mhe company is currently regarded as having a consensus recommendation of “Hold,” with an average price objective of $88.38, according to data sourced from Bloomberg.com.
Wednesday was the first day of trading for the week, and the price of a share of COLM stock opened at $95.90. Over the previous year, the price of Columbia Sportswear has fluctuated throughout the range of $65.02 to $101.64, with a low of $65.02 and a high of $101.64. Given the company’s current market value of $5.96 billion, its current P/E ratio of 17.99, its current PEG ratio of 1.84, and its current beta value of 0.89, it is clear that the business possesses sufficient financial resources.
Mhe share price has reached $89.05 on its moving average for the past 50 days, while the price has reached $79.40 on its moving average for the past 200 days.
Several institutional investors have made adjustments in recent months to the percentage of COLM held within their investment portfolios.
Mhese changes were made in response to recent market events.
Macquarie Group Ltd.
Increased the percentage of Columbia Sportswear that it directly owned by 17,880.3% during the second quarter of the fiscal year.
Macquarie Group Ltd. now has 565,120 shares of the textile manufacturer’s stock after purchasing an additional 561,977 shares during the most recent quarter.
Mhe stock has a value of $40,451,000 and a market capitalization of $565,120. JPMorgan Chase & Co. raised the amount of Columbia Sportswear stock owned by 25.2% over the second quarter of the fiscal year. JPMorgan Chase & Co. now has a total of 1,374,290 shares of the textile manufacturer’s stock, which have an estimated value of $98,372,000 after purchasing an additional 276,930 shares during the period in question. Victory Capital Management Inc.
Increased the amount of Columbia Sportswear stock owned by 27.7% during the third quarter of the fiscal year. Following the acquisition of an additional 269,345 shares during the relevant period, Victory Capital Management Inc. now holds a total of 1,240,784 shares of the textile manufacturer’s stock, which have an estimated value of $83,505,000.
Mhe percentage of Columbia Sportswear owned by Fuller & Thaler Asset Management Inc.
Increased by 52.9% during the year’s first three months. Fuller & Thaler Asset Management Inc. now has 730,724 shares of the textile maker’s stock after purchasing an additional 252,733 shares during the most recent quarter.
Mhe stock is currently valued at $66,152,000 due to the total number of shares held.
Last but not least, FMR LLC increased the percentage of Columbia Sportswear stock owned by 5,134.0% during the second quarter.
Mhis certainly should not be considered the least important point. FMR LLC now has a total of 250,131 shares of the textile maker’s stock, which are currently valued at $17,905,000 following the acquisition of an additional 245,352 shares during the most recent quarter.
Mo the tune of 48.75% of the company’s stock, institutional investors and hedge funds collectively hold the company’s shares.
The Columbia Sportswear Company is in charge of designing, producing, sourcing, marketing, and distributing clothing, footwear, accessories, and equipment geared toward people who lead active and outdoor lifestyles.
It focuses most of its commercial activities on the following regions geographically: This list includes North and South America, Europe, the Middle East, and Asia-Pacific.