Pivotal Research May Have Gained Confidence in Columbia Sportswear (NASDAQ:COLM), Upgrades Stock

Columbia Sportswear Company (NASDAQ:COLM) Logo

Investors sentiment decreased to 1.15 in 2018 Q2. Its down 0.17, from 1.32 in 2018Q1. It dived, as 23 investors sold Columbia Sportswear Company shares while 75 reduced holdings. 54 funds opened positions while 59 raised stakes. 26.19 million shares or 1.11% less from 26.48 million shares in 2018Q1 were reported.

State Of Alaska Department Of Revenue owns 3,220 shares for 0.01% of their portfolio. Price Capital holds 7,367 shares or 0.33% of its portfolio. Legal And General Grp Public Limited Company owns 0% invested in Columbia Sportswear Company (NASDAQ:COLM) for 13,550 shares. Neuberger Berman Gru Lc reported 19,600 shares. The Ontario – Canada-based Hillsdale Investment Inc has invested 0.2% in Columbia Sportswear Company (NASDAQ:COLM). Zeke Advsrs Ltd Liability Corp holds 0.02% or 2,209 shares. Principal Group Inc Inc owns 8,186 shares. State Common Retirement Fund owns 63,500 shares. Lord Abbett Com Ltd Liability Corp has 470,576 shares. Northern Trust reported 335,665 shares or 0.01% of all its holdings. Great West Life Assurance Can reported 0% stake. Federated Pa owns 87,326 shares. Moreover, Us Bancorporation De has 0% invested in Columbia Sportswear Company (NASDAQ:COLM) for 3,541 shares. Alliancebernstein Limited Partnership accumulated 15,620 shares or 0% of the stock. Prudential Fin Inc reported 189,987 shares.

Since August 14, 2018, it had 0 insider buys, and 6 selling transactions for $3.78 million activity. On Wednesday, August 29 the insider Boyle Joseph P sold $131,300. Morse Douglas H had sold 1,500 shares worth $136,500 on Tuesday, August 14. $459,239 worth of stock was sold by GEORGE EDWARD S on Wednesday, August 15. $1.22M worth of Columbia Sportswear Company (NASDAQ:COLM) was sold by BRYANT ANDY D.

Columbia Sportswear (NASDAQ:COLM) Stock Upgrade

Shares of Columbia Sportswear (NASDAQ:COLM) were boosted to a solid Buy rating thanks to analysts at Pivotal Research, who now give it a target price of $107. The firm’s previous Hold rating has been canceled.

Columbia Sportswear Company (NASDAQ:COLM) Ratings Coverage

Among 10 analysts covering Columbia Sportswear (NASDAQ:COLM), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Columbia Sportswear has $122 highest and $84 lowest target. $92.50’s average target is 1.61% above currents $91.03 stock price. Columbia Sportswear had 16 analyst reports since June 26, 2018 according to SRatingsIntel. As per Wednesday, October 17, the company rating was maintained by Buckingham Research. The stock of Columbia Sportswear Company (NASDAQ:COLM) has “Outperform” rating given on Wednesday, October 3 by Wedbush. Wedbush maintained the stock with “Buy” rating in Tuesday, June 26 report. The company was upgraded on Friday, October 26 by Stifel Nicolaus. Buckingham Research maintained the stock with “Neutral” rating in Friday, October 26 report. Citigroup maintained the stock with “Buy” rating in Monday, July 30 report. The company was maintained on Thursday, August 16 by Buckingham Research. Robert W. Baird maintained the stock with “Outperform” rating in Tuesday, July 24 report. The stock of Columbia Sportswear Company (NASDAQ:COLM) has “Neutral” rating given on Monday, July 16 by DA Davidson. The company was maintained on Monday, December 3 by Citigroup.

The stock decreased 1.35% or $1.25 during the last trading session, reaching $91.03. About 99,754 shares traded. Columbia Sportswear Company (NASDAQ:COLM) has risen 57.51% since December 6, 2017 and is uptrending. It has outperformed by 41.89% the S&P500.

Analysts await Columbia Sportswear Company (NASDAQ:COLM) to report earnings on February, 14. They expect $1.27 earnings per share, down 3.05 % or $0.04 from last year’s $1.31 per share. COLM’s profit will be $87.64M for 17.92 P/E if the $1.27 EPS becomes a reality. After $1.41 actual earnings per share reported by Columbia Sportswear Company for the previous quarter, Wall Street now forecasts -9.93 % negative EPS growth.

Columbia Sportswear Company designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company has market cap of $6.28 billion. The firm provides apparel, accessories, and equipment for men, women, and youth under the Columbia, Mountain Hardwear, Sorel, and prAna brands. It has a 43.51 P/E ratio. The Company’s products are used during various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, and adventure travel.

More notable recent Columbia Sportswear Company (NASDAQ:COLM) news were published by: Benzinga.com which released: “10 Biggest Price Target Changes For Thursday – Benzinga” on December 06, 2018, also Nasdaq.com with their article: “Office Depot (ODP) Beats on Q3 Earnings & Sales, Updates View – Nasdaq” published on November 08, 2018, Nasdaq.com published: “Consolidated Research: 2018 Summary Expectations for Columbia Sportswear, Dana, First Data, Oshkosh, Lennox International, and athenahealth — Fundamental Analysis, Key Performance Indications – Nasdaq” on October 10, 2018. More interesting news about Columbia Sportswear Company (NASDAQ:COLM) were released by: Nasdaq.com and their article: “Hanesbrands Down 10% in 3 Months: Is a Turnaround Likely? – Nasdaq” published on November 27, 2018 as well as Bizjournals.com‘s news article titled: “Nike’s Parker, Columbia’s Boyle join four Oregon business leaders in opposing sanctuary rules repeal – Portland Business Journal” with publication date: September 12, 2018.

Columbia Sportswear Company (NASDAQ:COLM) Institutional Positions Chart

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