Columbia Sportswear Company (NASDAQ:COLM) Plans Quarterly Dividend of $0.18
Columbia Sportswear Company (NASDAQ:COLM) declared a quarterly dividend on Friday, July 28th, NASDAQ reports. Shareholders of record on Thursday, August 17th will be paid a dividend of 0.18 per share by the textile maker on Thursday, August 31st. This represents a $0.72 annualized dividend and a yield of 1.22%. The ex-dividend date is Tuesday, August 15th.
Shares of Columbia Sportswear (NASDAQ COLM) traded down 1.24% during trading on Thursday, reaching $58.34. The company’s stock had a trading volume of 66,411 shares. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 21.27 and a beta of 0.80. Columbia Sportswear has a one year low of $51.56 and a one year high of $63.55. The company has a 50-day moving average price of $57.57 and a 200-day moving average price of $56.66.
Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, July 27th. The textile maker reported ($0.17) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.03. Columbia Sportswear had a return on equity of 12.31% and a net margin of 8.01%. The business had revenue of $398.90 million during the quarter, compared to analysts’ expectations of $394.53 million. During the same period in the prior year, the business earned ($0.12) EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts forecast that Columbia Sportswear will post $2.79 earnings per share for the current fiscal year.
In other Columbia Sportswear news, Director Edward S. George sold 1,776 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $53.59, for a total value of $95,175.84. Following the completion of the sale, the director now directly owns 2,000 shares in the company, valued at $107,180. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 58.86% of the company’s stock.
A number of equities research analysts recently weighed in on the company. B. Riley restated a “neutral” rating and set a $61.00 price objective on shares of Columbia Sportswear in a research note on Tuesday, April 25th. Canaccord Genuity cut Columbia Sportswear from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $64.00 to $60.00 in a research note on Friday, April 28th. Forward View cut Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Saturday, May 13th. Goldman Sachs Group, Inc. (The) cut Columbia Sportswear from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, May 23rd. Finally, Buckingham Research restated a “neutral” rating and set a $58.00 price objective on shares of Columbia Sportswear in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $63.45.
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Columbia Sportswear Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
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