Edward Lang Sells 2,000 Shares of Johnson Outdoors (NASDAQ:JOUT) Stock

Johnson Outdoors Inc. (NASDAQ:JOUT) Director Edward Lang sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $43.94, for a total transaction of $87,880.00. Following the transaction, the director directly owned 32,171 shares in the company, valued at $1,413,593.74. The trade was a 5.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Johnson Outdoors Stock Performance

Johnson Outdoors stock opened at $44.87 on Friday. Johnson Outdoors Inc. has a twelve month low of $21.33 and a twelve month high of $48.50. The firm has a market cap of $465.30 million, a PE ratio of -13.39, a P/E/G ratio of 2.98 and a beta of 0.99. The firm’s 50 day moving average price is $40.94 and its two-hundred day moving average price is $37.58.

Johnson Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 22nd. Investors of record on Thursday, January 8th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, January 8th. This represents a $1.32 dividend on an annualized basis and a yield of 2.9%. Johnson Outdoors’s dividend payout ratio (DPR) is presently -39.40%.

Institutional Trading of Johnson Outdoors

Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in shares of Johnson Outdoors by 1,175.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 893 shares of the company’s stock worth $27,000 after acquiring an additional 823 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Johnson Outdoors in the 2nd quarter worth approximately $52,000. Strs Ohio acquired a new stake in Johnson Outdoors in the 3rd quarter worth approximately $145,000. AlphaQuest LLC bought a new stake in Johnson Outdoors during the second quarter worth approximately $120,000. Finally, CWM LLC grew its holdings in Johnson Outdoors by 157.5% during the second quarter. CWM LLC now owns 4,056 shares of the company’s stock valued at $123,000 after purchasing an additional 2,481 shares during the last quarter. Institutional investors and hedge funds own 64.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on JOUT shares. Wall Street Zen lowered Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Johnson Outdoors in a report on Wednesday, October 8th. Finally, Zacks Research upgraded Johnson Outdoors from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Johnson Outdoors Company Profile

Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.