Is Major Move Coming For Columbia Sportswear Company (COLM) After This Wedge Up Chart Pattern?

December 7, 2017 - By Vivian Park

Investors sentiment increased to 0.97 in 2017 Q2. Its up 0.11, from 0.86 in 2017Q1. It is positive, 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.
Amer Insur Tx reported 0.25% of its portfolio in Columbia Sportswear Company (NASDAQ:COLM). City owns 54 shares for 0% of their portfolio. Principal Fincl Gru Incorporated owns 0% invested in Columbia Sportswear Company (NASDAQ:COLM) for 3,757 shares. Parametric Associate Ltd Liability Corporation holds 0.01% or 100,276 shares in its portfolio. 17,466 are owned by Price T Rowe Associates Md. Quantbot Tech Ltd Partnership reported 4,125 shares stake. Geode Cap Mngmt Ltd invested in 0.01% or 269,171 shares. Commonwealth National Bank & Trust Of holds 0% or 145 shares. Vanguard Grp reported 0.01% of its portfolio in Columbia Sportswear Company (NASDAQ:COLM). Amer National Registered Inv Advisor has 9,296 shares for 0.23% of their portfolio. Investment Counsel stated it has 3,565 shares. National Bank & Trust Of America Corp De holds 509,445 shares. Da Davidson & Com holds 0% or 1,576 shares in its portfolio. First Tru L P owns 35,154 shares. California-based Beddow Cap Mngmt has invested 2.3% in Columbia Sportswear Company (NASDAQ:COLM).

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 $77.56M 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. On Friday, October 20 the stock rating was maintained by Robert W. Baird with “Buy”. On Friday, July 29 the stock rating was maintained by Citigroup with “Buy”. The firm has “Outperform” rating by FBR Capital given on Friday, July 31. The company was upgraded on Friday, December 18 by Stifel Nicolaus. The stock of Columbia Sportswear Company (NASDAQ:COLM) has “Buy” rating given on Friday, February 12 by Stifel Nicolaus. Stifel Nicolaus downgraded the shares of COLM in report on Monday, January 30 to “Hold” rating. The rating was maintained by Canaccord Genuity with “Hold” on Friday, October 27. The firm has “Neutral” rating by Buckingham Research given on Thursday, October 20. The firm has “Hold” rating by Brean Capital given on Monday, July 17. As per Monday, July 17, the company rating was reinitiated by Buckingham Research.

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

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