Columbia Sportswear Plans Quarterly Dividend of $0.30 (NASDAQ:COLM)

Columbia Sportswear (NASDAQ:COLM) announced a quarterly dividend on Tuesday, February 4th,RTT News reports. Investors of record on Monday, March 10th will be paid a dividend of 0.30 per share by the textile maker on Friday, March 21st. This represents a $1.20 annualized dividend and a dividend yield of 1.48%.

Columbia Sportswear has raised its dividend payment by an average of 4.9% annually over the last three years. Columbia Sportswear has a dividend payout ratio of 24.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Columbia Sportswear to earn $4.34 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 27.6%.

Columbia Sportswear Trading Down 5.8 %

Shares of COLM opened at $80.84 on Wednesday. The stock’s 50-day moving average price is $86.58 and its two-hundred day moving average price is $83.07. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $91.30. The company has a market capitalization of $4.62 billion, a PE ratio of 22.39, a PEG ratio of 3.32 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. Equities research analysts predict that Columbia Sportswear will post 3.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Stifel Nicolaus increased their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, TD Cowen lifted their price target on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th.

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.