Acadian Asset Management LLC lifted its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,283 shares of the company’s stock after purchasing an additional 8,996 shares during the period. Acadian Asset Management LLC owned about 1.74% of Johnson Outdoors worth $10,822,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of JOUT. Hillsdale Investment Management Inc. acquired a new position in shares of Johnson Outdoors during the second quarter worth $1,007,000. Vanguard Group Inc. increased its stake in shares of Johnson Outdoors by 10.3% in the second quarter. Vanguard Group Inc. now owns 217,062 shares of the company’s stock worth $10,464,000 after buying an additional 20,232 shares during the last quarter. Chicago Equity Partners LLC increased its stake in shares of Johnson Outdoors by 31.9% in the third quarter. Chicago Equity Partners LLC now owns 61,828 shares of the company’s stock worth $4,531,000 after buying an additional 14,960 shares during the last quarter. First Quadrant L P CA bought a new stake in shares of Johnson Outdoors in the third quarter worth $1,077,000. Finally, OxFORD Asset Management LLP bought a new stake in shares of Johnson Outdoors in the third quarter worth $919,000. 60.63% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on JOUT. Imperial Capital lifted their price target on shares of Johnson Outdoors from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. BidaskClub lowered shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Sidoti began coverage on shares of Johnson Outdoors in a research note on Friday, January 19th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $73.00 price target for the company in a research note on Tuesday, December 19th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Johnson Outdoors presently has an average rating of “Buy” and a consensus target price of $73.33.
Johnson Outdoors Inc. (NASDAQ JOUT) traded down $0.37 during mid-day trading on Wednesday, reaching $65.93. 43,082 shares of the company’s stock traded hands, compared to its average volume of 44,535. Johnson Outdoors Inc. has a 12-month low of $32.98 and a 12-month high of $76.18. The company has a market capitalization of $645.11, a price-to-earnings ratio of 17.17 and a beta of 0.56.
Johnson Outdoors (NASDAQ:JOUT) last released its earnings results on Friday, December 8th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. Johnson Outdoors had a net margin of 6.10% and a return on equity of 15.95%. The firm had revenue of $91.76 million during the quarter, compared to analyst estimates of $81.97 million. equities analysts predict that Johnson Outdoors Inc. will post 3.19 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 11th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, January 10th. This represents a $0.40 annualized dividend and a yield of 0.61%. Johnson Outdoors’s payout ratio is 12.82%.
In other news, VP David W. Johnson sold 1,000 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were 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 link. Also, Director Richard Case Sheahan sold 4,434 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $61.65, for a total transaction of $273,356.10. The disclosure for this sale can be found here. 18.50% of the stock is owned by insiders.
WARNING: This report was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/14/johnson-outdoors-inc-jout-position-raised-by-acadian-asset-management-llc.html.
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.
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.