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

Columbia Sportswear (NASDAQ:COLM) declared 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 1.50%. The ex-dividend date of this dividend is Wednesday, November 20th.

Columbia Sportswear has raised its dividend payment by an average of 66.5% per year over the last three years. Columbia Sportswear has a payout ratio of 28.0% meaning 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 NASDAQ:COLM traded down $0.71 during midday trading on Friday, reaching $79.76. 59,249 shares of the company’s stock traded hands, compared to its average volume of 458,353. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 2.87 and a beta of 0.92. Columbia Sportswear has a one year low of $73.04 and a one year high of $87.23. The stock has a 50 day moving average of $81.01 and a 200 day moving average of $80.76.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results 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. Columbia Sportswear had a return on equity of 12.31% and a net margin of 6.42%. The company had revenue of $931.80 million for the quarter, compared to the consensus estimate of $937.17 million. During the same quarter in the prior year, the company earned $1.70 earnings per share. Columbia Sportswear’s revenue was down 5.5% on a year-over-year basis. Sell-side analysts predict that Columbia Sportswear will post 3.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on COLM shares. Stifel Nicolaus raised Columbia Sportswear from a “hold” rating to a “buy” rating and increased their target price for the company from $84.00 to $92.00 in a report on Monday, July 8th. Wedbush reaffirmed a “neutral” rating and issued a $80.00 price objective on shares of Columbia Sportswear in a research note on Thursday, July 18th. Finally, StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Columbia Sportswear presently has a consensus rating of “Hold” and an average target price 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.