Wells Fargo & Company MN boosted its holdings in shares of Columbia Sportswear Company (NASDAQ:COLM) by 46.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 130,679 shares of the textile maker’s stock after purchasing an additional 41,642 shares during the period. Wells Fargo & Company MN owned approximately 0.19% of Columbia Sportswear worth $7,588,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Franklin Resources Inc. grew its position in Columbia Sportswear by 3.5% during the 2nd quarter. Franklin Resources Inc. now owns 451,612 shares of the textile maker’s stock worth $26,221,000 after purchasing an additional 15,183 shares during the last quarter. JPMorgan Chase & Co. grew its position in Columbia Sportswear by 8.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,640,985 shares of the textile maker’s stock worth $95,276,000 after purchasing an additional 131,329 shares during the last quarter. Eagle Asset Management Inc. grew its position in Columbia Sportswear by 2.4% during the 2nd quarter. Eagle Asset Management Inc. now owns 130,089 shares of the textile maker’s stock worth $7,552,000 after purchasing an additional 3,056 shares during the last quarter. Neuberger Berman Group LLC grew its position in Columbia Sportswear by 3.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 19,100 shares of the textile maker’s stock worth $1,109,000 after purchasing an additional 600 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in Columbia Sportswear by 31.6% during the 2nd quarter. Pacer Advisors Inc. now owns 5,259 shares of the textile maker’s stock worth $305,000 after purchasing an additional 1,262 shares during the last quarter. 38.92% of the stock is currently owned by institutional investors.

In related news, Director Edward S. George sold 6,664 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $56.90, for a total value of $379,181.60. Following the sale, the director now owns 8,664 shares of the company’s stock, valued at approximately $492,981.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 58.86% of the stock is owned by company insiders.

Several brokerages have issued reports on COLM. Pivotal Research began coverage on shares of Columbia Sportswear in a research report on Thursday. They set a “buy” rating and a $72.00 price objective on the stock. Stifel Nicolaus reissued a “hold” rating and set a $60.00 price objective on shares of Columbia Sportswear in a research report on Wednesday. Robert W. Baird reissued a “buy” rating and set a $68.00 price objective on shares of Columbia Sportswear in a research report on Sunday, September 17th. Cowen and Company set a $58.00 price objective on shares of Columbia Sportswear and gave the stock a “hold” rating in a research report on Monday, August 21st. Finally, Canaccord Genuity set a $60.00 price objective on shares of Columbia Sportswear and gave the stock a “hold” rating in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $64.46.

Shares of Columbia Sportswear Company (COLM) opened at 62.62 on Friday. The stock has a 50 day moving average of $58.63 and a 200 day moving average of $57.50. Columbia Sportswear Company has a one year low of $51.56 and a one year high of $63.55. The stock has a market cap of $4.37 billion, a P/E ratio of 22.83 and a beta of 0.82.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, July 27th. The textile maker reported ($0.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.03. Columbia Sportswear had a net margin of 8.01% and a return on equity of 12.31%. The business had revenue of $398.90 million for the quarter, compared to analysts’ expectations of $394.53 million. During the same quarter last year, the company earned ($0.12) EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities analysts expect that Columbia Sportswear Company will post $2.80 EPS for the current fiscal year.

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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.

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

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