Insider Selling: Johnson Outdoors Inc. (JOUT) VP Sells 1,000 Shares of Stock
Johnson Outdoors Inc. (NASDAQ:JOUT) VP David W. Johnson sold 1,000 shares of the company’s stock in a transaction dated 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 filing with the SEC, which is accessible through this link.
Shares of Johnson Outdoors Inc. (JOUT) opened at $62.70 on Tuesday. The firm has a market cap of $626.95, a PE ratio of 17.66 and a beta of 0.67. Johnson Outdoors Inc. has a 1-year low of $31.25 and a 1-year high of $76.18.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 11th will be issued a $0.10 dividend. 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 currently 11.27%.
Several equities analysts have recently commented on JOUT shares. 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 report on Tuesday, December 19th. Imperial Capital reaffirmed an “outperform” rating and issued a $70.00 price objective (up previously from $63.00) on shares of Johnson Outdoors in a report on Friday, December 15th. Finally, ValuEngine downgraded shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $71.67.
Hedge funds have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Johnson Outdoors in the third quarter worth about $206,000. Cypress Capital Management LLC WY acquired a new stake in Johnson Outdoors in the third quarter worth about $254,000. Nordea Investment Management AB acquired a new stake in Johnson Outdoors in the second quarter worth about $174,000. Citadel Advisors LLC acquired a new stake in Johnson Outdoors in the third quarter worth about $317,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Johnson Outdoors in the third quarter worth about $325,000. 61.31% of the stock is owned by institutional investors and hedge funds.
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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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