NEW YORK (TheStreet) --Columbia Sportswear Company (COLM) was upgraded to "buy" from "neutral" at DA Davidson & Co. on Wednesday based on a valuation call and the company's 2014 first quarter earnings.
The company, which makes outdoor activity apparel, said net income for the 2014 first quarter was $22.3 million, or 63 cents per diluted share, compared to $10.1 million, or 29 cents per diluted share in the same quarter 2013.
Separately, TheStreet Ratings team rates COLUMBIA SPORTSWEAR CO as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate COLUMBIA SPORTSWEAR CO (COLM) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
Highlights from the analysis by TheStreet Ratings Team goes as follows: