Columbia Sportswear Company (NASDAQ:COLM) Stock to Pay Quarterly Dividend of $0.30

Key Points

• Columbia Sportswear declared a quarterly dividend of $0.30 per share, payable December 3 to shareholders of record November 19. The annualized dividend is $1.20 per share, yielding approximately 1.9%.
• The dividend appears well covered, with a current payout ratio of 33.8% and an expected future payout ratio of 28.1% based on analysts’ projected earnings.
• Columbia Sportswear reported quarterly EPS of $1.66, beating estimates of $1.28, while revenue rose 2% year over year to $962.58 million. The stock opened at $63.69, with a market capitalization of approximately $3.26 billion.

Columbia Sportswear Company (NASDAQ:COLM - Get Free Report) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.30 per share by the textile maker on Thursday, December 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, November 19th.

Columbia Sportswear has raised its dividend payment by an average of 0.4% annually over the last three years. Columbia Sportswear has a dividend payout ratio of 33.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Columbia Sportswear to earn $4.27 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 28.1%.

Columbia Sportswear Stock Performance

NASDAQ:COLM opened at $63.69 on Friday. The stock has a 50-day simple moving average of $58.28 and a 200 day simple moving average of $59.68. Columbia Sportswear has a 52-week low of $47.47 and a 52-week high of $69.06. The company has a market cap of $3.26 billion, a PE ratio of 16.54 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The textile maker reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.38. Columbia Sportswear had a return on equity of 11.20% and a net margin of 6.05%. The firm had revenue of $962.58 million during the quarter, compared to the consensus estimate of $944.91 million. During the same quarter in the prior year, the firm posted $1.41 EPS. The business's revenue was up 2.0% on a year-over-year basis. On average, research analysts predict that Columbia Sportswear will post 3.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. bought a new position in Columbia Sportswear in the 2nd quarter valued at about $32,000. Trust Co. of Vermont bought a new stake in shares of Columbia Sportswear during the second quarter worth approximately $39,000. Parallel Advisors LLC boosted its holdings in shares of Columbia Sportswear by 43.6% during the first quarter. Parallel Advisors LLC now owns 817 shares of the textile maker's stock worth $45,000 after acquiring an additional 248 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Columbia Sportswear by 72.4% during the first quarter. PNC Financial Services Group Inc. now owns 888 shares of the textile maker's stock worth $49,000 after acquiring an additional 373 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of Columbia Sportswear by 330.8% in the second quarter. Versant Capital Management Inc now owns 840 shares of the textile maker's stock valued at $52,000 after purchasing an additional 645 shares during the last quarter. Institutional investors own 47.76% of the company's stock.

About Columbia Sportswear

Columbia Sportswear Company is an outdoor and active lifestyle apparel, footwear, accessories and equipment company headquartered in Portland, Oregon. Founded in 1938 as the Columbia Hat Company, the business has grown into a global outdoor brand focused on products designed for activities such as hiking, skiing, fishing, camping and everyday outdoor use.

The company markets products under the Columbia, Sorel, Mountain Hardwear and prAna brands. Its offerings include jackets, shirts, pants, base layers, footwear, hats, gloves, backpacks and other outdoor accessories.

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