Columbia Sportswear (NASDAQ:COLM) declared a quarterly dividend on Thursday, July 25th, RTT News reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.24 per share by the textile maker on Thursday, August 29th. This represents a $0.96 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Wednesday, August 14th.
Columbia Sportswear has raised its dividend payment by an average of 13.2% per year over the last three years and has increased its dividend every year for the last 6 years. Columbia Sportswear has a payout ratio of 27.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Columbia Sportswear to earn $5.20 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 18.5%.
COLM stock opened at $97.07 on Tuesday. The stock has a fifty day simple moving average of $101.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.57 and a current ratio of 2.88. Columbia Sportswear has a 1-year low of $80.03 and a 1-year high of $109.74. The stock has a market capitalization of $6.75 billion, a PE ratio of 24.21, a P/E/G ratio of 1.91 and a beta of 0.67.
In related news, COO Thomas B. Cusick sold 17,260 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $107.77, for a total transaction of $1,860,110.20. Following the sale, the chief operating officer now directly owns 43,214 shares in the company, valued at approximately $4,657,172.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andy D. Bryant sold 20,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $107.64, for a total value of $2,152,800.00. Following the sale, the director now owns 44,990 shares in the company, valued at $4,842,723.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,938 shares of company stock worth $8,461,381. 56.57% of the stock is currently owned by corporate insiders.
Several analysts have issued reports on COLM shares. DA Davidson set a $129.00 target price on Columbia Sportswear and gave the company a “buy” rating in a research note on Friday, April 26th. B. Riley set a $109.00 target price on Columbia Sportswear and gave the company a “hold” rating in a research note on Friday, July 26th. Wedbush boosted their target price on Columbia Sportswear from $118.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. BidaskClub upgraded Columbia Sportswear from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. Finally, Citigroup started coverage on Columbia Sportswear in a research note on Tuesday, April 16th. They issued a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Columbia Sportswear currently has a consensus rating of “Buy” and an average target price of $118.00.
Columbia Sportswear Company Profile
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 and 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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