Columbia Sportswear (NASDAQ:COLM – Get Free Report) declared a quarterly dividend on Friday, April 19th, RTT News reports. Stockholders of record on Thursday, May 16th will be paid 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 dividend yield of 1.43%. 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 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 Price Performance
COLM opened at $84.07 on Monday. The business has a 50 day simple moving average of $78.79 and a 200-day simple moving average of $78.73. Columbia Sportswear has a 12 month low of $66.01 and a 12 month high of $86.11. The stock has a market capitalization of $4.97 billion, a P/E ratio of 20.50, a P/E/G ratio of 3.50 and a beta of 0.94.
Columbia Sportswear (NASDAQ:COLM – Get Free Report) last released its earnings results on Thursday, April 25th. The textile maker reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.36. The company had revenue of $769.98 million during the quarter, compared to the consensus estimate of $740.62 million. Columbia Sportswear had a return on equity of 13.98% and a net margin of 7.20%. Columbia Sportswear’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 earnings per share. Research analysts anticipate that Columbia Sportswear will post 3.83 EPS for the current year.
Analyst Ratings Changes
A number of research firms recently commented on COLM. UBS Group decreased their price objective on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a report on Friday, February 2nd. Stifel Nicolaus upped their price target on Columbia Sportswear from $75.00 to $84.00 and gave the stock a “hold” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Columbia Sportswear has an average rating of “Hold” and a consensus price target of $75.75.
Check Out Our Latest Stock Analysis on Columbia Sportswear
Insider Buying and Selling at Columbia Sportswear
In other Columbia Sportswear news, Director Ronald E. Nelson sold 5,768 shares of Columbia Sportswear stock in a transaction dated 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 owns 16,857 shares in the company, valued at $1,383,116.85. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Columbia Sportswear news, Director Ronald E. Nelson sold 5,768 shares of the firm’s stock in a transaction on 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 owns 16,857 shares of the company’s stock, valued at $1,383,116.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jim A. Swanson sold 7,199 shares of the business’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 transaction, the chief financial officer now directly owns 9,423 shares of the company’s stock, valued at $730,282.50. The disclosure for this sale can be found here. In the last three months, insiders sold 13,490 shares of company stock worth $1,073,916. 44.70% of the stock is owned by corporate insiders.
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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