Johnson Outdoors Inc. (JOUT) Director Sells $67,405.87 in Stock
Johnson Outdoors Inc. (NASDAQ:JOUT) Director Terry E. London sold 1,127 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $59.81, for a total transaction of $67,405.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Terry E. London also recently made the following trade(s):
- On Tuesday, May 16th, Terry E. London sold 377 shares of Johnson Outdoors stock. The shares were sold at an average price of $45.99, for a total transaction of $17,338.23.
Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) traded up 1.19% during midday trading on Thursday, hitting $59.75. 56,643 shares of the stock were exchanged. Johnson Outdoors Inc. has a 12-month low of $28.26 and a 12-month high of $59.97. The firm has a 50-day moving average price of $49.64 and a 200 day moving average price of $40.90. The firm has a market cap of $587.46 million, a PE ratio of 18.45 and a beta of 0.77.
Johnson Outdoors (NASDAQ:JOUT) last released 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 company had revenue of $155.27 million for the quarter, compared to analyst estimates of $149.29 million. Johnson Outdoors had a net margin of 6.85% and a return on equity of 12.90%. Analysts predict that Johnson Outdoors Inc. will post $2.87 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 13th were issued a $0.09 dividend. The ex-dividend date was Tuesday, July 11th. This represents a $0.36 dividend on an annualized basis and a yield of 0.60%. Johnson Outdoors’s dividend payout ratio (DPR) is 11.15%.
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A number of brokerages have recently commented on JOUT. BidaskClub upgraded shares of Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Imperial Capital increased their target price on shares of Johnson Outdoors from $49.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday. They noted that the move was a valuation call. Forward View upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $66.00 target price for the company in a research report on Wednesday. Finally, ValuEngine upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Johnson Outdoors currently has an average rating of “Buy” and a consensus target price of $53.00.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC raised its position in Johnson Outdoors by 2.9% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,593 shares of the company’s stock worth $460,000 after buying an additional 360 shares during the period. Essex Investment Management Co. LLC purchased a new position in Johnson Outdoors during the first quarter worth about $544,000. State Street Corp raised its position in Johnson Outdoors by 5.7% in the fourth quarter. State Street Corp now owns 101,316 shares of the company’s stock worth $4,026,000 after buying an additional 5,504 shares during the period. Oxford Asset Management purchased a new position in Johnson Outdoors during the first quarter worth about $281,000. Finally, Acrospire Investment Management LLC purchased a new position in Johnson Outdoors during the first quarter worth about $122,000. Institutional investors own 60.26% of the company’s stock.
About Johnson Outdoors
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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