Columbia Sportswear (COLM) to Issue Quarterly Dividend of $0.30 on May 30th

Columbia Sportswear (NASDAQ:COLM) announced a quarterly dividend on Thursday, April 25th, RTT News reports. Investors 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 annualized dividend and a yield of 1.50%.

Columbia Sportswear has increased its dividend payment by an average of 66.5% per year over the last three years. Columbia Sportswear has a dividend payout ratio of 27.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 1.3 %

NASDAQ:COLM opened at $80.00 on Friday. The stock’s 50-day simple moving average is $78.82 and its 200 day simple moving average is $77.92. The firm has a market capitalization of $4.76 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 3.24 and a beta of 0.94. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $88.17.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, April 25th. The textile maker reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.36. The business had revenue of $769.98 million for the quarter, compared to analyst estimates of $740.62 million. Columbia Sportswear had a return on equity of 13.99% and a net margin of 7.20%. Columbia Sportswear’s revenue was down 6.2% compared to the same quarter last year. During the same period last year, the firm posted $0.74 earnings per share. On average, analysts anticipate that Columbia Sportswear will post 3.68 EPS for the current fiscal year.

Insider Transactions at Columbia Sportswear

In other news, Director Ronald E. Nelson sold 5,768 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Ronald E. Nelson sold 5,768 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen E. Babson sold 2,411 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $80.98, for a total value of $195,242.78. Following the transaction, the director now owns 122,879 shares of the company’s stock, valued at $9,950,741.42. The disclosure for this sale can be found here. 43.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

COLM has been the topic of several research analyst reports. UBS Group reduced their price objective on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a research note on Friday, February 2nd. Stifel Nicolaus lifted their price target on Columbia Sportswear from $75.00 to $84.00 and gave the company a “hold” rating in a research note on Friday. Finally, StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $78.60.

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.