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

Columbia Sportswear (NASDAQ:COLM) announced a quarterly dividend on Thursday, April 25th, RTT News reports. Shareholders 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 annualized dividend and a yield of 1.52%.

Columbia Sportswear has increased its dividend payment by an average of 66.5% annually over the last three years. Columbia Sportswear has a payout ratio of 27.5% indicating that its dividend is sufficiently covered by earnings. Research 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 Performance

Shares of NASDAQ COLM opened at $79.01 on Friday. The company has a market cap of $4.70 billion, a PE ratio of 19.13, a P/E/G ratio of 3.27 and a beta of 0.94. The business has a 50-day simple moving average of $78.87 and a two-hundred day simple moving average of $77.92. Columbia Sportswear has a fifty-two week low of $66.01 and a fifty-two week high of $88.17.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, February 1st. The textile maker reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.14). Columbia Sportswear had a return on equity of 14.11% and a net margin of 7.21%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.08 billion. On average, sell-side analysts predict that Columbia Sportswear will post 3.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on COLM. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. UBS Group decreased their target price on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $78.00.

Insider Activity at Columbia Sportswear

In other news, Director Stephen E. Babson sold 2,411 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $80.98, for a total transaction of $195,242.78. Following the completion of the transaction, the director now directly owns 122,879 shares of the company’s stock, valued at approximately $9,950,741.42. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Stephen E. Babson sold 2,411 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $80.98, for a total transaction of $195,242.78. Following the completion of the transaction, the director now directly owns 122,879 shares of the company’s stock, valued at approximately $9,950,741.42. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Ronald E. Nelson sold 5,768 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total value of $473,264.40. Following the transaction, the director now directly owns 16,857 shares of the company’s stock, valued at $1,383,116.85. The disclosure for this sale can be found here. 43.00% of the stock is owned by company insiders.

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.