Johnson Outdoors Inc. (JOUT) VP David W. Johnson Sells 1,000 Shares

Johnson Outdoors Inc. (NASDAQ:JOUT) VP David W. Johnson sold 1,000 shares of Johnson Outdoors stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $62.31, for a total transaction of $62,310.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Johnson Outdoors Inc. (NASDAQ JOUT) opened at $62.40 on Tuesday. The company has a market cap of $623.88, a P/E ratio of 17.83 and a beta of 0.67. Johnson Outdoors Inc. has a 12 month low of $31.25 and a 12 month high of $76.18.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings data on Friday, December 8th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. Johnson Outdoors had a net margin of 7.17% and a return on equity of 13.59%. research analysts expect that Johnson Outdoors Inc. will post 3.27 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 11th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Wednesday, January 10th. Johnson Outdoors’s payout ratio is 11.43%.

A number of hedge funds and other institutional investors have recently made changes to their positions in JOUT. Nordea Investment Management AB acquired a new stake in Johnson Outdoors during the 2nd quarter valued at approximately $174,000. Dynamic Technology Lab Private Ltd acquired a new stake in Johnson Outdoors during the 3rd quarter valued at approximately $206,000. First Trust Advisors LP acquired a new stake in Johnson Outdoors during the 2nd quarter valued at approximately $226,000. The Manufacturers Life Insurance Company lifted its stake in Johnson Outdoors by 11.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,775 shares of the company’s stock valued at $231,000 after acquiring an additional 488 shares during the period. Finally, Cypress Capital Management LLC WY acquired a new stake in Johnson Outdoors during the 3rd quarter valued at approximately $254,000. Institutional investors and hedge funds own 61.31% of the company’s stock.

A number of analysts recently commented on the stock. BidaskClub cut shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $73.00 target price for the company in a research note on Tuesday, December 19th. Imperial Capital reiterated an “outperform” rating and issued a $70.00 target price (up from $63.00) on shares of Johnson Outdoors in a research note on Friday, December 15th. Finally, ValuEngine cut shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Johnson Outdoors presently has a consensus rating of “Buy” and an average price target of $71.67.

WARNING: This article was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/01/16/johnson-outdoors-inc-jout-vp-david-w-johnson-sells-1000-shares-of-stock.html.

Johnson Outdoors Company Profile

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.

Insider Buying and Selling by Quarter for Johnson Outdoors (NASDAQ:JOUT)

Receive News & Ratings for Johnson Outdoors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Outdoors and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply