David W. Johnson Sells 1,000 Shares of Johnson Outdoors Inc. (JOUT) Stock
Johnson Outdoors Inc. (NASDAQ:JOUT) CFO David W. Johnson sold 1,000 shares of the firm’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $67.02, for a total transaction of $67,020.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) traded up 0.73% during trading on Thursday, hitting $69.16. 84,821 shares of the stock were exchanged. Johnson Outdoors Inc. has a 12-month low of $31.25 and a 12-month high of $69.58. The stock has a market cap of $679.98 million, a price-to-earnings ratio of 21.36 and a beta of 0.74. The stock’s 50 day moving average is $61.60 and its 200-day moving average is $46.85.
Johnson Outdoors (NASDAQ:JOUT) last posted its earnings results on Friday, August 4th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.63. The firm had revenue of $155.27 million during the quarter, compared to analysts’ expectations of $149.29 million. Johnson Outdoors had a net margin of 6.85% and a return on equity of 12.90%. Equities research analysts anticipate that Johnson Outdoors Inc. will post $3.49 EPS for the current year.
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Several institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in shares of Johnson Outdoors by 5.0% in the first quarter. Renaissance Technologies LLC now owns 280,700 shares of the company’s stock worth $10,246,000 after buying an additional 13,300 shares during the last quarter. LSV Asset Management lifted its stake in shares of Johnson Outdoors by 7.7% in the second quarter. LSV Asset Management now owns 262,083 shares of the company’s stock worth $12,635,000 after buying an additional 18,788 shares during the last quarter. Vanguard Group Inc. lifted 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. FMR LLC lifted its stake in shares of Johnson Outdoors by 52.8% in the first quarter. FMR LLC now owns 138,613 shares of the company’s stock worth $5,059,000 after buying an additional 47,913 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Johnson Outdoors by 5.3% in the second quarter. Acadian Asset Management LLC now owns 123,524 shares of the company’s stock worth $5,955,000 after buying an additional 6,237 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.
JOUT has been the topic of a number of research reports. Forward View reissued a “buy” rating and issued a $72.00 target price on shares of Johnson Outdoors in a research note on Sunday, September 3rd. ValuEngine raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Imperial Capital raised their target price on shares of Johnson Outdoors from $49.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $67.00.
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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