Columbia Sportswear Company (NASDAQ:COLM) Announces Quarterly Dividend of $0.30

Key Points

• Columbia Sportswear Company announced a quarterly dividend of $0.30 per share, representing a yield of 2.1% based on an annualized basis.
• The company has a payout ratio of 33.8%, indicating that it can sustainably cover its dividend with earnings.
• Columbia Sportswear reported a net margin of 6.61% for the last quarter, beating analyst estimates with ($0.19) earnings per share.

Columbia Sportswear Company (NASDAQ:COLM - Get Free Report) announced a quarterly dividend on Thursday, July 31st, RTT News reports. Investors of record on Thursday, August 21st will be given a dividend of 0.30 per share by the textile maker on Thursday, September 4th. This represents a c) dividend on an annualized basis and a yield of 2.1%.

Columbia Sportswear has a payout ratio of 33.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Columbia Sportswear to earn $4.62 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 26.0%.

Columbia Sportswear Stock Performance

NASDAQ COLM traded down $1.83 during trading hours on Thursday, reaching $56.57. 854,078 shares of the company's stock were exchanged, compared to its average volume of 766,040. The company's 50-day moving average is $61.81 and its two-hundred day moving average is $71.29. Columbia Sportswear has a one year low of $56.33 and a one year high of $92.88. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 4.02 and a beta of 0.97.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The textile maker reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.09. Columbia Sportswear had a net margin of 6.61% and a return on equity of 12.57%. Research analysts predict that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Insider Transactions at Columbia Sportswear

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $65.94, for a total transaction of $183,049.44. Following the completion of the sale, the director owned 128,309 shares of the company's stock, valued at $8,460,695.46. This trade represents a 2.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 48.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Columbia Sportswear

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Columbia Sportswear during the first quarter worth $38,000. Jones Financial Companies Lllp lifted its holdings in shares of Columbia Sportswear by 208.3% during the first quarter. Jones Financial Companies Lllp now owns 555 shares of the textile maker's stock worth $42,000 after buying an additional 375 shares in the last quarter. Quarry LP acquired a new stake in shares of Columbia Sportswear during the first quarter worth $44,000. Whipplewood Advisors LLC lifted its holdings in shares of Columbia Sportswear by 12,400.0% during the first quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker's stock worth $47,000 after buying an additional 620 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Columbia Sportswear by 1,943.2% during the first quarter. Caitong International Asset Management Co. Ltd now owns 899 shares of the textile maker's stock worth $68,000 after buying an additional 855 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company's stock.

Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday 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 for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.