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

Columbia Sportswear (NASDAQ:COLMGet Free Report) declared a quarterly dividend on Friday, April 19th, RTT News reports. Stockholders 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 dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, May 15th.

Columbia Sportswear has raised 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. Research analysts expect Columbia Sportswear to earn $4.38 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 27.4%.

Columbia Sportswear Trading Up 0.8 %

Columbia Sportswear stock opened at $84.77 on Tuesday. Columbia Sportswear has a 12 month low of $66.01 and a 12 month high of $86.73. The business’s fifty day simple moving average is $78.89 and its two-hundred day simple moving average is $78.83. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 3.50 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLMGet Free Report) last issued its earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.36. The firm had revenue of $769.98 million for the quarter, compared to the consensus estimate of $740.62 million. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The business’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. On average, equities research analysts predict that Columbia Sportswear will post 3.83 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on COLM. Stifel Nicolaus upped their price target on Columbia Sportswear from $75.00 to $84.00 and gave the company a “hold” rating in a report on Friday, April 26th. UBS Group reduced their price target on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, Columbia Sportswear has a consensus rating of “Hold” and a consensus price target of $75.75.

Get Our Latest Report on Columbia Sportswear

Insiders Place Their Bets

In other news, CFO Jim A. Swanson sold 7,199 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $77.50, for a total value of $557,922.50. Following the transaction, the chief financial officer now owns 9,423 shares in the company, valued at approximately $730,282.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Jim A. Swanson sold 7,199 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $77.50, for a total value of $557,922.50. Following the completion of the sale, the chief financial officer now directly owns 9,423 shares in the company, valued at approximately $730,282.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald E. Nelson sold 5,768 shares of Columbia Sportswear stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total value of $473,264.40. Following the transaction, the director now owns 16,857 shares in the company, valued at $1,383,116.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,490 shares of company stock valued at $1,073,916. Insiders own 44.70% of the company’s stock.

Columbia Sportswear Company Profile

(Get Free Report)

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.

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Dividend History for Columbia Sportswear (NASDAQ:COLM)

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