Columbia Sportswear (NASDAQ:COLM – Get 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 Rating) last released 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
In related news, manager 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’s 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. Additionally, 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. The 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, 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.
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