Columbia Sportswear Co. (COLM) to Issue Quarterly Dividend of $0.18 on December 1st
Columbia Sportswear Co. (NASDAQ:COLM) declared a quarterly dividend on Thursday, October 27th. Stockholders of record on Thursday, November 17th will be given a dividend of 0.18 per share on Thursday, December 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Tuesday, November 15th. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.17.
Columbia Sportswear (NASDAQ:COLM) opened at 58.88 on Monday. Columbia Sportswear has a 52-week low of $43.56 and a 52-week high of $62.95. The stock has a 50 day moving average price of $57.83 and a 200 day moving average price of $57.02. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 24.41 and a beta of 0.79.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, October 27th. The company reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.01. The company had revenue of $745.71 million for the quarter, compared to the consensus estimate of $770.47 million. Columbia Sportswear had a return on equity of 11.42% and a net margin of 7.23%. Columbia Sportswear’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.28 EPS. Analysts expect that Columbia Sportswear will post $2.63 EPS for the current fiscal year.
Several equities analysts have commented on COLM shares. Brean Capital reaffirmed a “hold” rating on shares of Columbia Sportswear in a research report on Monday, July 18th. DA Davidson reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Columbia Sportswear in a research report on Monday, July 18th. B. Riley reaffirmed a “neutral” rating and issued a $64.00 price objective on shares of Columbia Sportswear in a research report on Wednesday, July 27th. FBR & Co upped their price objective on Columbia Sportswear from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Finally, Citigroup Inc. cut their price objective on Columbia Sportswear from $69.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $65.13.
In other Columbia Sportswear news, Director Sarah Bany sold 20,488 shares of the stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $56.82, for a total value of $1,164,128.16. Following the completion of the sale, the director now directly owns 1,594,589 shares in the company, valued at $90,604,546.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. 62.12% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Columbia Sportswear by 2.5% in the second quarter. BlackRock Inc. now owns 2,042 shares of the company’s stock worth $117,000 after buying an additional 50 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Columbia Sportswear during the third quarter worth $170,000. Advisor Group Inc. purchased a new position in shares of Columbia Sportswear during the second quarter worth $172,000. Pacer Advisors Inc. purchased a new position in shares of Columbia Sportswear during the second quarter worth $178,000. Finally, BlueMountain Capital Management LLC purchased a new position in shares of Columbia Sportswear during the second quarter worth $201,000. 36.66% of the stock is currently owned by institutional investors and hedge funds.
Columbia Sportswear Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company’s geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada.
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