Columbia Sportswear Company (COLM) Formed a Wedge Up Chart Pattern, Could Be One of The Best Performers Soon

December 7, 2017 - By Stephen Andrade

Investors sentiment increased to 0.97 in Q2 2017. Its up 0.11, from 0.86 in 2017Q1. It improved, as 21 investors sold Columbia Sportswear Company shares while 52 reduced holdings. 20 funds opened positions while 51 raised stakes. 26.55 million shares or 0.81% less from 26.77 million shares in 2017Q1 were reported.
California State Teachers Retirement Systems invested in 0.01% or 51,699 shares. Alliancebernstein L P invested in 40,576 shares or 0% of the stock. City holds 0% or 54 shares in its portfolio. Bnp Paribas Arbitrage Sa reported 4,237 shares. 23,825 are owned by Keybank Natl Association Oh. Voya Invest Management Ltd stated it has 0% in Columbia Sportswear Company (NASDAQ:COLM). Dupont reported 0.01% of its portfolio in Columbia Sportswear Company (NASDAQ:COLM). Walleye Trading Ltd Com holds 0% or 92 shares. Commercial Bank Of America De holds 0.01% or 509,445 shares. First Trust Advsr Ltd Partnership stated it has 35,154 shares or 0.01% of all its holdings. Deutsche Bank Ag holds 0% or 120,042 shares in its portfolio. Wellington Mngmt Llp invested in 471,120 shares. Fifth Third Bank invested 0% in Columbia Sportswear Company (NASDAQ:COLM). Fuller Thaler Asset Mgmt Incorporated accumulated 1.42% or 1.87 million shares. Aperio Grp Inc Ltd Limited Liability Company reported 7,611 shares stake.

The stock of Columbia Sportswear Company (COLM) formed an up wedge with $74.45 target or 7.00 % above today’s $69.58 share price. The 5 months wedge indicates low risk for the $4.86 billion company. If the $74.45 price target is reached, the company will be worth $340.34 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.01% or $0.01 during the last trading session, reaching $69.58. About 103,757 shares traded. Columbia Sportswear Company (NASDAQ:COLM) has risen 0.63% since December 8, 2016 and is uptrending. It has underperformed by 16.07% the S&P500.

Analysts await Columbia Sportswear Company (NASDAQ:COLM) to report earnings on February, 8. They expect $1.11 earnings per share, down 7.50 % or $0.09 from last year’s $1.2 per share. COLM’s profit will be $77.56 million for 15.67 P/E if the $1.11 EPS becomes a reality. After $1.25 actual earnings per share reported by Columbia Sportswear Company for the previous quarter, Wall Street now forecasts -11.20 % negative EPS growth.

Columbia Sportswear Company (NASDAQ:COLM) Ratings Coverage

Among 19 analysts covering Columbia Sportswear Company (NASDAQ:COLM), 9 have Buy rating, 0 Sell and 10 Hold. Therefore 47% are positive. Columbia Sportswear Company had 44 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, July 31 by FBR Capital. On Friday, July 29 the stock rating was maintained by Citigroup with “Buy”. Wedbush initiated Columbia Sportswear Company (NASDAQ:COLM) rating on Wednesday, November 2. Wedbush has “Outperform” rating and $67 target. The stock of Columbia Sportswear Company (NASDAQ:COLM) earned “Neutral” rating by Buckingham Research on Monday, July 17. The stock has “Neutral” rating by Buckingham Research on Thursday, October 20. Canaccord Genuity maintained Columbia Sportswear Company (NASDAQ:COLM) on Friday, July 31 with “Hold” rating. As per Monday, July 17, the company rating was initiated by Brean Capital. On Friday, January 22 the stock rating was upgraded by Robert W. Baird to “Outperform”. The firm has “Outperform” rating given on Friday, July 29 by FBR Capital. The rating was maintained by Cowen & Co on Wednesday, July 19 with “Hold”.

More notable recent Columbia Sportswear Company (NASDAQ:COLM) news were published by: Nasdaq.com which released: “Columbia Sportswear Rides on Strong International Sales” on December 05, 2017, also Oregonlive.com with their article: “Columbia Sportswear closes downtown store Saturday as protesters gather” published on December 02, 2017, Nasdaq.com published: “Columbia Sportswear Company (COLM) Ex-Dividend Date Scheduled for November 15 …” on November 14, 2017. More interesting news about Columbia Sportswear Company (NASDAQ:COLM) were released by: Oregonlive.com and their article: “Ex-Columbia Sportswear exec who hacked emails ordered to help elderly with …” published on December 07, 2017 as well as Nasdaq.com‘s news article titled: “Why Is Columbia Sportswear (COLM) Up 6.4% Since the Last Earnings Report?” with publication date: November 28, 2017.

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