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

Columbia Sportswear (NASDAQ:COLM - Get Free Report) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Wednesday, November 20th will be paid a dividend of 0.30 per share by the textile maker on Wednesday, December 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Wednesday, November 20th.

Columbia Sportswear has increased its dividend payment by an average of 66.5% annually over the last three years. Columbia Sportswear has a dividend 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

Shares of COLM stock traded up $0.11 during mid-day trading on Friday, reaching $80.58. 575,194 shares of the company were exchanged, compared to its average volume of 460,787. The business's 50 day simple moving average is $81.01 and its 200 day simple moving average is $80.76. The company has a market capitalization of $4.72 billion, a P/E ratio of 22.33, a P/E/G ratio of 2.87 and a beta of 0.92. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week high of $87.23.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, topping the consensus estimate of $1.36 by $0.20. The business had revenue of $931.80 million for the quarter, compared to analysts' expectations of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.31%. The company's quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.70 earnings per share. On average, analysts forecast that Columbia Sportswear will post 3.8 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on COLM shares. Stifel Nicolaus upgraded shares of Columbia Sportswear from a "hold" rating to a "buy" rating and boosted their target price for the company from $84.00 to $92.00 in a research note on Monday, July 8th. StockNews.com lowered shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Saturday, October 5th. Finally, Wedbush reissued a "neutral" rating and issued a $80.00 target price on shares of Columbia Sportswear in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Columbia Sportswear currently 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.