Has Stifel Nicolaus Gained Confidence in Columbia Sportswear Company (NASDAQ:COLM) After Recent Upgrade


Columbia Sportswear Company (NASDAQ:COLM) Stock Upgrade

Equity research analysts at Stifel Nicolaus’s research division lifted the rating on shares of Columbia Sportswear Company (NASDAQ:COLM) from a “Hold” to a “Buy” earlier today. The analysts now have a $55.00 target PPS on COLM or a 21.52% upside.

From a total of 15 analysts covering Columbia Sportswear Company (NASDAQ:COLM) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $75 while the lowest target price is $46. The mean of all analyst targets is $64.6 with a 43.96% above today’s ($45.38) stock price. Columbia Sportswear Company was the topic of 9 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Bank of America downgraded shares on November 19 to “Neutral” rating. BB&T Capital initiated COLM stock in a recent report from September 11 with “Buy” rating.

The stock increased 3.18% or $1.4 during the last trading session, striking $45.38. Approximately 769,283 shares of stock traded hands or 90.39% up from the average. Columbia Sportswear Company (NASDAQ:COLM) has declined 23.50% since May 15, 2015 and is downtrending. It has underperformed by 19.69% the S&P500.

The overall sentiment of institutions has increased to 1.07 in Q2 2015. Its up 0.26, from 0.81 in 2015Q2. The ratio is positive, as 15 institutions have sold all the shares of Columbia Sportswear Company that they owned while 59 funds have taken shares off the table. 27 funds have purchased shares for the first time while 52 added to their positions. These institutions now hold 34.94 million shares or 34.96% more than the 25.89 million shares they owned in 2015Q2.

The Fund Beddow Capital Management Inc currently is holding shares equating to 2.91% of its total portfolio in Columbia Sportswear Company representing a total of 118,505 shares. Another fund,Copper Rock Capital Partners Llc, is holding a total of 553,347 shares equating to 2.75% of their holdings. Additionally, Century Capital Management Llc has a 473,679 share stake in Columbia Sportswear Company which represents 1.58% of their total portfolio. The Fund, Southernsun Asset Management Llc, based out of Tennessee, has also built up a stake in the stock, which represents a total of 1.27% of their total portfolio. Finally Zebra Capital Management Llc, a fund which is based in the state of Connecticut reported a total holdings of 32,024 shares.

Insider activity is a very important aspect to track on any stock. Going back to February 27, 2015, shareholders of Columbia Sportswear Company have witnessed 0 insider purchases, and a total of 2 insider sales equating to a net activity of approximately $951,051 . Cox David Shawn sold 1,700 shares worth approximately $116,595. Klenz Walter sold 12,940 shares worth approximately $834,456. Bragdon Peter J sold 10,000 shares worth approximately $575,132. Gaylord Christopher A. sold 8,622 shares worth approximately $481,108.

Columbia Sportswear Company is a hat distributor. The company has a market cap of $3.09 billion. The Firm designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and Montrail brands. It has 19.35 P/E ratio. It offers products, including outerwear, sportswear, footwear, accessories and equipment for a variety of activities and consumers.

According to Zacks Investment Research, “Columbia Sportswear Company is a global leader in design, sourcing, marketing and distribution of active outdoor apparel and footwear, with operations in North America, Europe and Asia. As one of the largest outerwear companies in the world and the leading seller of skiwear in the United States, the company has developed an international reputation across an expanding product line for quality, performance, functionality and value.”