Columbia Sportswear Company (NASDAQ:COLM – Get Free Report) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Thursday, August 20th will be given a dividend of 0.30 per share by the textile maker on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, August 20th.
Columbia Sportswear has increased its dividend by an average of 0.4%annually over the last three years. Columbia Sportswear has a dividend payout ratio of 33.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Columbia Sportswear to earn $4.26 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 28.2%.
Columbia Sportswear Stock Down 0.6%
Shares of Columbia Sportswear stock opened at $57.09 on Tuesday. The stock has a market cap of $2.92 billion, a P/E ratio of 14.83 and a beta of 0.94. Columbia Sportswear has a 12-month low of $47.47 and a 12-month high of $69.06. The business’s 50 day moving average is $62.36 and its 200-day moving average is $60.73.
Analysts Set New Price Targets
Several research firms recently weighed in on COLM. Zacks Research downgraded Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. BTIG Research reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Columbia Sportswear in a research note on Friday, July 31st. UBS Group reissued a “sell” rating and set a $47.00 target price (up from $44.00) on shares of Columbia Sportswear in a research report on Friday, May 1st. Citigroup reissued a “neutral” rating and set a $68.00 target price (up from $67.00) on shares of Columbia Sportswear in a research note on Wednesday, July 22nd. Finally, Robert W. Baird set a $65.00 price target on shares of Columbia Sportswear in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Columbia Sportswear has an average rating of “Hold” and a consensus price target of $65.40.
Get Our Latest Report on Columbia Sportswear
About Columbia Sportswear
Columbia Sportswear Company develops, sources, markets and distributes a wide range of outdoor apparel, footwear and accessories designed for activities such as hiking, skiing, snowboarding and trail running. Its product portfolio includes weatherproof jackets and pants featuring proprietary technologies like Omni-Tech® waterproofing and Omni-Heat® thermal reflective lining, as well as activewear, footwear, hats, gloves and accessories under the Columbia® brand and complementary brands.
Founded in 1938 as the Columbia Hat Company in Portland, Oregon, the company initially focused on headwear before expanding into outerwear in the 1970s with the introduction of the Bugaboo® interchange jacket.
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