Columbia Sportswear (COLM) to Issue Quarterly Dividend of $0.30 on March 21st

Columbia Sportswear (NASDAQ:COLM) announced a quarterly dividend on Thursday, January 23rd, RTT News reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.30 per share by the textile maker on Friday, March 21st. This represents a $1.20 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Monday, March 10th.

Columbia Sportswear has raised its dividend payment by an average of 4.9% annually over the last three years. Columbia Sportswear has a dividend payout ratio of 26.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Columbia Sportswear to earn $4.62 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 26.0%.

Columbia Sportswear Trading Up 0.6 %

NASDAQ:COLM opened at $84.26 on Friday. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 2.54 and a beta of 0.90. The firm has a fifty day simple moving average of $85.22 and a two-hundred day simple moving average of $83.89. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $92.88.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Tuesday, February 4th. The textile maker reported $1.80 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. Equities analysts predict that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Insider Activity at Columbia Sportswear

In related news, EVP Richelle T. Luther sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total transaction of $369,440.00. Following the completion of the sale, the executive vice president now directly owns 14,283 shares in the company, valued at approximately $1,319,177.88. The trade was a 21.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald E. Nelson sold 6,395 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total transaction of $522,727.30. Following the sale, the director now owns 17,048 shares of the company’s stock, valued at $1,393,503.52. This trade represents a 27.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on COLM. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. TD Cowen increased their target price on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus increased their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th.

Columbia Sportswear Company Profile

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.