Is Columbia Sportswear (NASDAQ:COLM) now a ‘Buy’ After a D.A. Davidson Upgrade?

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 is negative, 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.

90,936 were reported by California Pub Employees Retirement. Federated Pa holds 0.02% or 87,326 shares. National Bank & Trust Of Montreal Can invested in 24,629 shares or 0% of the stock. Apg Asset Mgmt Nv reported 0.03% stake. Pitcairn holds 3,912 shares. Caprock Grp Inc holds 0.05% of its portfolio in Columbia Sportswear Company (NASDAQ:COLM) for 2,471 shares. Advsrs Asset Mngmt holds 0% or 7,490 shares. The Colorado-based Alps Advisors has invested 0% in Columbia Sportswear Company (NASDAQ:COLM). Old Mutual Glob (Uk) reported 0.02% stake. Denali Advsr Lc stated it has 43 shares or 0% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Columbia Sportswear Company (NASDAQ:COLM). Moreover, Blackrock Incorporated has 0.01% invested in Columbia Sportswear Company (NASDAQ:COLM) for 1.21 million shares. Lord Abbett And Limited Com, a New Jersey-based fund reported 470,576 shares. Martingale Asset Management Lp owns 50,836 shares. Eagle Asset Mngmt holds 0.05% in Columbia Sportswear Company (NASDAQ:COLM) or 109,533 shares.

Since August 14, 2018, it had 0 insider buys, and 6 sales for $3.78 million activity. On Tuesday, November 27 BANY SARAH sold $1.77M worth of Columbia Sportswear Company (NASDAQ:COLM) or 19,946 shares. Another trade for 5,030 shares valued at $459,239 was sold by GEORGE EDWARD S. 1,500 shares valued at $136,500 were sold by Morse Douglas H on Tuesday, August 14. 1,443 shares were sold by Boyle Joseph P, worth $131,300.

Columbia Sportswear (NASDAQ:COLM) Stock Upgrade

D.A. Davidson boosted shares of Columbia Sportswear (NASDAQ:COLM), raising their rating to a “Buy” in analysts report sent to clients and investors on Thursday, 29 November. Trading on the $6.30 billion market cap COLM will be interesting to observe today.

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 $106 highest and $84 lowest target. $90.90’s average target is -0.47% below currents $91.33 stock price. Columbia Sportswear had 15 analyst reports since June 26, 2018 according to SRatingsIntel. The rating was maintained by Wedbush on Tuesday, June 26 with “Buy”. As per Wednesday, October 17, the company rating was maintained by Buckingham Research. Canaccord Genuity maintained the stock with “Hold” rating in Friday, October 26 report. DA Davidson downgraded the stock to “Neutral” rating in Monday, July 16 report. As per Wednesday, July 18, the company rating was downgraded by FBR Capital. The firm has “Outperform” rating by Cowen & Co given on Wednesday, August 15. The firm earned “Buy” rating on Thursday, November 29 by DA Davidson. The stock of Columbia Sportswear Company (NASDAQ:COLM) earned “Hold” rating by Pivotal Research on Wednesday, July 25. The stock of Columbia Sportswear Company (NASDAQ:COLM) earned “Buy” rating by Stifel Nicolaus on Friday, October 26. Citigroup maintained Columbia Sportswear Company (NASDAQ:COLM) rating on Monday, July 30. Citigroup has “Buy” rating and $106 target.

The stock increased 1.35% or $1.22 during the last trading session, reaching $91.33. About 253,245 shares traded. Columbia Sportswear Company (NASDAQ:COLM) has risen 57.51% since December 2, 2017 and is uptrending. It has outperformed by 41.89% the S&P500.

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 $6.30 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 43.66 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: Nasdaq.com which released: “International Strength to Aid Guess? (GES) in Q3 Earnings – Nasdaq” on November 21, 2018, also Nasdaq.com with their article: “Hanesbrands Down 10% in 3 Months: Is a Turnaround Likely? – Nasdaq” published on November 27, 2018, Benzinga.com published: “Columbia Sportswear Trading At ‘Balanced’ Valuation, Analyst Says (NASDAQ:COLM) – Benzinga” on July 16, 2018. More interesting news about Columbia Sportswear Company (NASDAQ:COLM) were released by: Nasdaq.com and their article: “Eldorado Gold Releases Updated Reserve and Resource Statement – Nasdaq” published on November 26, 2018 as well as Nasdaq.com‘s news article titled: “Office Depot (ODP) Beats on Q3 Earnings & Sales, Updates View – Nasdaq” with publication date: November 08, 2018.

Columbia Sportswear Company (NASDAQ:COLM) Institutional Positions Chart

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