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

Columbia Sportswear (NASDAQ:COLM) declared a quarterly dividend on Friday, July 19th, RTT News reports. Stockholders 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 1.49%. The ex-dividend date is Thursday, August 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 dividend payout ratio of 27.4% indicating that its dividend is sufficiently covered by earnings. 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 Up 0.9 %

Shares of NASDAQ:COLM opened at $80.71 on Wednesday. The stock has a market cap of $4.77 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. The stock’s fifty day simple moving average is $79.86 and its two-hundred day simple moving average is $80.18. Columbia Sportswear has a 1-year low of $66.01 and a 1-year high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.14. Columbia Sportswear had a net margin of 6.72% and a return on equity of 13.01%. The company had revenue of $570.20 million during the quarter, compared to the consensus estimate of $569.37 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. On average, sell-side analysts forecast that Columbia Sportswear will post 3.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on COLM. Wedbush restated a “neutral” rating and issued a $80.00 target price on shares of Columbia Sportswear in a research note on Thursday, July 18th. Stifel Nicolaus raised Columbia Sportswear from a “hold” rating to a “buy” rating and raised their target price for the company from $84.00 to $92.00 in a research report on Monday, July 8th. Finally, StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Columbia Sportswear has an average rating of “Hold” and a consensus price target of $77.00.

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.