Columbia Sportswear (NASDAQ:COLM) Announces $0.30 Quarterly Dividend

Columbia Sportswear (NASDAQ:COLM) announced a quarterly dividend on Thursday, April 25th, RTT News reports. Shareholders of record on Thursday, May 16th will be given a dividend of 0.30 per share by the textile maker on Thursday, May 30th. This represents a $1.20 dividend on an annualized basis and a yield of 1.52%.

Columbia Sportswear has raised its dividend payment by an average of 66.5% annually over the last three years. Columbia Sportswear has a dividend payout ratio of 27.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Columbia Sportswear to earn $4.39 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 27.3%.

Columbia Sportswear Trading Down 1.0 %

Shares of Columbia Sportswear stock opened at $79.01 on Friday. The company has a 50 day moving average of $78.87 and a 200-day moving average of $77.92. Columbia Sportswear has a 1-year low of $66.01 and a 1-year high of $88.17. The company has a market cap of $4.70 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 3.27 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, February 1st. The textile maker reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.14). Columbia Sportswear had a net margin of 7.21% and a return on equity of 14.11%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. Research analysts forecast that Columbia Sportswear will post 3.68 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on COLM. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. UBS Group reduced their price objective on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $78.00.

Insider Buying and Selling

In related news, Director Stephen E. Babson sold 2,411 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $80.98, for a total transaction of $195,242.78. Following the transaction, the director now directly owns 122,879 shares of the company’s stock, valued at $9,950,741.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Columbia Sportswear news, Director Stephen E. Babson sold 2,411 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $80.98, for a total value of $195,242.78. Following the transaction, the director now directly owns 122,879 shares of the company’s stock, valued at $9,950,741.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald E. Nelson sold 5,768 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total transaction of $473,264.40. Following the completion of the transaction, the director now directly owns 16,857 shares in the company, valued at $1,383,116.85. The disclosure for this sale can be found here. 43.00% of the stock is owned by insiders.

About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.