Columbia Sportswear (NASDAQ:COLM) shares traded up 0.8% on Monday after the company announced a dividend. The company traded as high as $109.74 and last traded at $107.72. 381,314 shares traded hands during trading, an increase of 5% from the average session volume of 363,417 shares. The stock had previously closed at $106.86.
The newly announced dividend which will be paid on Monday, March 18th. Stockholders of record on Thursday, March 7th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.90%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 23.94%.
A number of equities analysts have recently issued reports on the company. Buckingham Research raised their price target on Columbia Sportswear from $84.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 17th. BidaskClub downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Macquarie upgraded Columbia Sportswear from a “neutral” rating to an “outperform” rating and set a $106.00 price target on the stock in a research note on Friday, January 11th. Canaccord Genuity raised their price target on Columbia Sportswear from $89.00 to $93.00 and gave the stock a “hold” rating in a research note on Friday, October 26th. Finally, Stifel Nicolaus upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and raised their price target for the stock from $93.00 to $103.00 in a research note on Friday, October 26th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $106.53.
Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, February 7th. The textile maker reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.41. The company had revenue of $917.60 million for the quarter, compared to the consensus estimate of $859.06 million. Columbia Sportswear had a return on equity of 16.83% and a net margin of 9.57%. Columbia Sportswear’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 earnings per share. On average, equities research analysts expect that Columbia Sportswear will post 4.36 earnings per share for the current fiscal year.
In related news, Director Sarah Bany sold 19,946 shares of Columbia Sportswear stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $88.91, for a total transaction of $1,773,398.86. Following the transaction, the director now directly owns 11,610 shares in the company, valued at $1,032,245.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 56.68% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the company. Commonwealth Bank of Australia purchased a new position in shares of Columbia Sportswear in the third quarter valued at about $111,000. Tower Research Capital LLC TRC lifted its position in shares of Columbia Sportswear by 268.3% in the third quarter. Tower Research Capital LLC TRC now owns 1,536 shares of the textile maker’s stock valued at $143,000 after acquiring an additional 1,119 shares in the last quarter. CENTRAL TRUST Co purchased a new position in shares of Columbia Sportswear in the fourth quarter valued at about $145,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Columbia Sportswear in the fourth quarter valued at about $176,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Columbia Sportswear by 31.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,466 shares of the textile maker’s stock valued at $207,000 after acquiring an additional 588 shares in the last quarter. Institutional investors and hedge funds own 37.21% of the company’s stock.
About Columbia Sportswear (NASDAQ:COLM)
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active 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 that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.
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