News stories about Johnson Outdoors (NASDAQ:JOUT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Johnson Outdoors earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.2742334354084 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of equities research analysts have recently weighed in on JOUT shares. Imperial Capital boosted their target price on Johnson Outdoors from $49.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. They noted that the move was a valuation call. ValuEngine downgraded Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Forward View restated a “buy” rating and set a $72.00 target price on shares of Johnson Outdoors in a research report on Sunday, September 3rd. BidaskClub upgraded Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $67.00.
Johnson Outdoors (NASDAQ JOUT) traded up $1.84 during midday trading on Friday, reaching $69.99. The company had a trading volume of 26,700 shares, compared to its average volume of 41,974. The company has a market capitalization of $718.52, a P/E ratio of 24.34 and a beta of 0.69. Johnson Outdoors has a fifty-two week low of $31.25 and a fifty-two week high of $76.18.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Thursday, October 12th. This is an increase from Johnson Outdoors’s previous quarterly dividend of $0.09. Johnson Outdoors’s dividend payout ratio is currently 15.56%.
In other Johnson Outdoors news, Director Thomas F. Pyle, Jr. sold 1,950 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $64.23, for a total value of $125,248.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David W. Johnson sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $67.02, for a total value of $67,020.00. The disclosure for this sale can be found here. Insiders sold 3,950 shares of company stock valued at $255,429 in the last quarter. 28.03% of the stock is currently owned by corporate insiders.
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About Johnson Outdoors
Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment’s brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment’s brands are Eureka!, Jetboil and Silva.
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