Columbia Sportswear (NASDAQ:COLM) forecasts quarterly dividend of $0.30

Columbia Sportswear (NASDAQ:COLM – Get a rating) declared a quarterly dividend on Wednesday, July 27, Zacks reports. Shareholders of record on Wednesday August 17 will be paid a dividend of 0.30 per share by the textile manufacturer on Wednesday August 31. This represents an annualized dividend of $1.20 and a dividend yield of 1.63%. The ex-dividend date is Tuesday, August 16.

Columbia Sportswear has a dividend payout ratio of 19.1%, which means its dividend is sufficiently covered by earnings. Research analysts expect Columbia Sportswear to earn $6.25 per share next year, meaning the company should continue to be able to cover its annual dividend of $1.20 with a ratio of expected future payout of 19.2%.

Columbia Sportswear Inventory Performance

Shares of COLM opened at $73.67 on Friday. The company’s 50-day moving average price is $74.62 and its 200-day moving average price is $84.14. Columbia Sportswear has a one-year low of $68.29 and a one-year high of $107.50. The company has a market capitalization of $4.63 billion, a P/E ratio of 13.27, a P/E/G ratio of 1.47 and a beta of 0.91.

Columbia Sportswear (NASDAQ:COLM – Get a rating) last released its quarterly earnings data on Wednesday, July 27. The textile maker reported EPS of $0.11 for the quarter, beating the consensus estimate of $0.04 by $0.07. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. The company posted revenue of $578.06 million for the quarter, versus analyst estimates of $592.35 million. During the same period a year earlier, the company posted EPS of $0.61. The company’s revenue for the quarter increased by 2.1% compared to the same quarter last year. As a group, research analysts predict Columbia Sportswear will post an EPS of 5.83 for the current fiscal year.

Insider buying and selling

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In related news, the director Ronald E.Nelson sold 3,706 shares in a trade on Thursday, May 5. The shares were sold at an average price of $80.16, for a total transaction of $297,072.96. Following the completion of the sale, the administrator now owns 14,402 shares of the company, valued at approximately $1,154,464.32. The sale was disclosed in a document filed with the SEC, accessible via the SEC website. Separately, director Ronald E. Nelson sold 3,706 shares of the company in a trade on Thursday, May 5. The shares were sold at an average price of $80.16, for a total value of $297,072.96. Following the completion of the sale, the administrator now owns 14,402 shares of the company, valued at approximately $1,154,464.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Also, director Stephen E. Babson sold 2,568 shares of the company in a trade on Tuesday, May 3. The stock was sold at an average price of $81.14, for a total transaction of $208,367.52. Following the completion of the sale, the director now owns 112,627 shares of the company, valued at approximately $9,138,554.78. Disclosure of this sale can be found here. 42.37% of the shares are held by insiders of the company.

Columbia Sportswear Institutional Trade

Hedge funds and other institutional investors have recently changed their positions in the stock. Raymond James & Associates increased its stake in shares of Columbia Sportswear by 23.4% in the first quarter. Raymond James & Associates now owns 18,898 shares of the textile maker valued at $1,711,000 after buying 3,588 additional shares during the period. Yousif Capital Management LLC increased its stake in Columbia Sportswear by 1.9% in the 1st quarter. Yousif Capital Management LLC now owns 18,561 shares of the textile maker valued at $1,680,000 after acquiring 353 additional shares last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Columbia Sportswear by 10.5% in Q1. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,668 shares of the textile maker valued at $1,147,000 after acquiring 1,208 additional shares last quarter. Guggenheim Capital LLC bought a new position in Columbia Sportswear during Q1 worth approximately $726,000. Finally, Zions Bancorporation NA increased its stake in Columbia Sportswear by 37.6% in the 1st quarter. Zions Bancorporation NA now owns 7,211 shares of the textile maker valued at $653,000 after acquiring 1,971 additional shares last quarter. Institutional investors and hedge funds own 48.65% of the company’s shares.

A Wall Street analyst gives his opinion

Several equity research analysts have recently weighed in on COLM shares. Stifel Nicolaus cut his price target on Columbia Sportswear shares from $100.00 to $81.00 in a Wednesday, July 20 research note. UBS Group cut its target price on shares of Columbia Sportswear from $83.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday. Cowen reduced his target price on shares of Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research note. Cowen lowered his price target on shares of Columbia Sportswear to $95.00 in a research report on Monday. Finally, Citigroup lowered its price target on shares of Columbia Sportswear from $98.00 to $80.00 in a research report on Thursday. One research analyst has assigned the stock a sell rating, four have issued a hold rating and four have assigned the stock a buy rating. According to MarketBeat, Columbia Sportswear currently has an average rating of “Hold” and an average target price of $89.38.

About Columbia Sportswear

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Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia-Pacific, Europe, the Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.

Further reading

Dividend history for Columbia Sportswear (NASDAQ:COLM)

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