Columbia Sportswear (NASDAQ:COLM – Get Free Report) declared a quarterly dividend on Friday, July 19th, RTT News reports. Investors of record on Thursday, August 15th will be given a dividend of 0.30 per share by the textile maker on Thursday, August 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, August 15th.
Columbia Sportswear has increased its dividend payment by an average of 66.5% per year over the last three years. Columbia Sportswear has a payout ratio of 27.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 0.7 %
Shares of COLM stock opened at $79.98 on Tuesday. Columbia Sportswear has a 12 month low of $66.01 and a 12 month high of $87.23. The stock has a market cap of $4.73 billion, a P/E ratio of 19.51, a P/E/G ratio of 2.94 and a beta of 0.94. The company has a 50 day simple moving average of $79.95 and a two-hundred day simple moving average of $80.18.
Columbia Sportswear (NASDAQ:COLM – Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.14. The firm had revenue of $570.20 million during the quarter, compared to analyst estimates of $569.37 million. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. Columbia Sportswear’s revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 EPS. As a group, equities analysts forecast that Columbia Sportswear will post 3.85 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and raised their target price for the stock from $84.00 to $92.00 in a research note on Monday, July 8th. Wedbush restated a “neutral” rating and set a $80.00 target price on shares of Columbia Sportswear in a research note on Thursday, July 18th. Finally, StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $77.00.
Check Out Our Latest Stock Analysis on COLM
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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