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

Columbia Sportswear (NASDAQ:COLM) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Wednesday, November 20th will be given a dividend of 0.30 per share by the textile maker on Wednesday, December 4th. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Wednesday, November 20th.

Columbia Sportswear has increased its dividend by an average of 66.5% per year over the last three years. Columbia Sportswear has a payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Columbia Sportswear to earn $4.25 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 28.2%.

Columbia Sportswear Stock Performance

COLM stock traded down $0.71 during trading on Friday, hitting $79.76. 59,249 shares of the company traded hands, compared to its average volume of 458,353. The company has a 50-day moving average of $81.01 and a 200-day moving average of $80.76. The firm has a market capitalization of $4.67 billion, a PE ratio of 22.23, a P/E/G ratio of 2.87 and a beta of 0.92. Columbia Sportswear has a 1 year low of $73.04 and a 1 year high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.20. The firm had revenue of $931.80 million during the quarter, compared to analyst estimates of $937.17 million. Columbia Sportswear had a return on equity of 12.31% and a net margin of 6.42%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.70 earnings per share. Sell-side analysts expect that Columbia Sportswear will post 3.8 EPS for the current year.

Wall Street Analysts Forecast Growth

COLM has been the topic of several recent research reports. Stifel Nicolaus raised Columbia Sportswear from a “hold” rating to a “buy” rating and upped their price target for the stock from $84.00 to $92.00 in a research note on Monday, July 8th. StockNews.com cut Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $80.00 price target on shares of Columbia Sportswear in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Columbia Sportswear presently has an average rating of “Hold” and a consensus target price of $77.00.

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.