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

Columbia Sportswear (NASDAQ:COLM) declared a quarterly dividend on Tuesday, February 4th,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 1.48%.

Columbia Sportswear has increased its dividend payment by an average of 4.9% per year over the last three years. Columbia Sportswear has a payout ratio of 24.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 5.8 %

Shares of Columbia Sportswear stock opened at $80.84 on Wednesday. The company has a market cap of $4.62 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 3.32 and a beta of 0.93. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $91.30. The business has a 50 day moving average price of $86.58 and a 200-day moving average price of $83.07.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. As a group, research analysts anticipate that Columbia Sportswear will post 3.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on COLM. Stifel Nicolaus upped their price objective on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen boosted their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th.

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.