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.
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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.
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