Insider Selling: Johnson Outdoors (NASDAQ:JOUT) Director Sells 7,580 Shares of Stock

Johnson Outdoors Inc. (NASDAQ:JOUT) Director Richard Casey Sheahan sold 7,580 shares of Johnson Outdoors stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $49.77, for a total value of $377,256.60. Following the sale, the director directly owned 5,739 shares in the company, valued at $285,630.03. The trade was a 56.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Johnson Outdoors Stock Performance

Shares of JOUT stock traded up $1.42 during mid-day trading on Tuesday, reaching $51.23. The company’s stock had a trading volume of 19,350 shares, compared to its average volume of 57,375. Johnson Outdoors Inc. has a 1-year low of $21.33 and a 1-year high of $51.55. The company has a market cap of $533.25 million, a P/E ratio of -23.45, a PEG ratio of 3.14 and a beta of 0.91. The firm’s 50-day moving average is $45.92 and its two-hundred day moving average is $42.51.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings data on Friday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.12. Johnson Outdoors had a positive return on equity of 0.83% and a negative net margin of 3.56%.The company had revenue of $140.94 million for the quarter, compared to the consensus estimate of $123.95 million. Sell-side analysts anticipate that Johnson Outdoors Inc. will post -0.58 EPS for the current year.

Johnson Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 22nd. Shareholders of record on Thursday, January 8th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, January 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.6%. Johnson Outdoors’s dividend payout ratio (DPR) is presently -60.27%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL grew its position in shares of Johnson Outdoors by 4.4% during the 4th quarter. Gamco Investors INC. ET AL now owns 418,100 shares of the company’s stock worth $17,748,000 after buying an additional 17,700 shares during the period. Deprince Race & Zollo Inc. raised its position in shares of Johnson Outdoors by 0.4% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 329,736 shares of the company’s stock valued at $13,318,000 after acquiring an additional 1,434 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Johnson Outdoors by 5.5% in the 3rd quarter. Vanguard Group Inc. now owns 296,435 shares of the company’s stock valued at $11,973,000 after purchasing an additional 15,345 shares during the period. Divisadero Street Capital Management LP acquired a new position in shares of Johnson Outdoors in the 3rd quarter valued at $7,676,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Johnson Outdoors by 1.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 185,928 shares of the company’s stock worth $7,510,000 after purchasing an additional 3,354 shares during the last quarter. 64.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Wall Street Zen cut Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Johnson Outdoors in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Johnson Outdoors Company Profile

Johnson Outdoors Inc is a diversified outdoor recreation company that develops, manufactures and markets a broad range of gear and equipment for marine and land-based activities. The company operates through two primary segments: the Marine Electronics & Boat Group and the Outdoor Products Group. Its marine offerings include electric motors and anchors under the Minn Kota® brand, fish-finding and sonar systems under the Humminbird® brand, and a lineup of recreational watercraft under the Old Town® and Ocean Kayak® names.