14,697 Shares in Johnson Outdoors Inc. (JOUT) Acquired by First Quadrant L P CA
First Quadrant L P CA bought a new stake in Johnson Outdoors Inc. (NASDAQ:JOUT) during the third quarter, according to its most recent filing with the SEC. The firm bought 14,697 shares of the company’s stock, valued at approximately $1,077,000. First Quadrant L P CA owned about 0.15% of Johnson Outdoors at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the stock. Mesirow Financial Investment Management Inc. acquired a new position in Johnson Outdoors in the 2nd quarter valued at $278,000. Public Employees Retirement System of Ohio bought a new position in shares of Johnson Outdoors during the 2nd quarter worth about $589,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Johnson Outdoors by 11.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,775 shares of the company’s stock worth $231,000 after acquiring an additional 488 shares during the period. State Street Corp lifted its holdings in Johnson Outdoors by 1.1% during the 2nd quarter. State Street Corp now owns 107,318 shares of the company’s stock valued at $5,176,000 after purchasing an additional 1,163 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Johnson Outdoors by 182.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 18,323 shares of the company’s stock valued at $883,000 after purchasing an additional 11,843 shares during the last quarter. Institutional investors and hedge funds own 58.94% of the company’s stock.
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Several equities analysts recently issued reports on JOUT shares. Forward View reissued a “buy” rating and set a $72.00 price target on shares of Johnson Outdoors in a report on Sunday, September 3rd. Zacks Investment Research cut shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub cut shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. ValuEngine raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Imperial Capital boosted their target price on shares of Johnson Outdoors from $49.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.00.
In other Johnson Outdoors news, Director Terry E. London sold 1,127 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $59.81, for a total transaction of $67,405.87. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas F. Pyle, Jr. sold 1,950 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $64.23, for a total value of $125,248.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,077 shares of company stock worth $322,834. 28.03% of the stock is owned by company insiders.
Johnson Outdoors Inc. (NASDAQ JOUT) opened at $72.78 on Friday. The firm has a market capitalization of $735.53 million, a P/E ratio of 26.28 and a beta of 0.69.
Johnson Outdoors (NASDAQ:JOUT) last released its earnings results on Friday, August 4th. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.63. The business had revenue of $155.27 million during the quarter, compared to the consensus estimate of $149.29 million. Johnson Outdoors had a net margin of 6.85% and a return on equity of 12.90%. analysts anticipate that Johnson Outdoors Inc. will post 3.5 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were given a dividend of $0.10 per share. This is an increase from Johnson Outdoors’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.40 annualized dividend and a dividend yield of 0.55%. Johnson Outdoors’s dividend payout ratio (DPR) is 12.38%.
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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