Johnson Outdoors Inc. (JOUT) Holdings Raised by Prudential Financial Inc.
Prudential Financial Inc. boosted its position in Johnson Outdoors Inc. (NASDAQ:JOUT) by 78.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 11,388 shares of the company’s stock after purchasing an additional 5,000 shares during the period. Prudential Financial Inc. owned about 0.12% of Johnson Outdoors worth $835,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of JOUT. Smith Asset Management Group LP bought a new stake in Johnson Outdoors in the 2nd quarter worth about $149,000. Nordea Investment Management AB bought a new stake in Johnson Outdoors in the 2nd quarter worth about $174,000. ClariVest Asset Management LLC bought a new stake in Johnson Outdoors in the 2nd quarter worth about $174,000. First Trust Advisors LP bought a new stake in Johnson Outdoors in the 2nd quarter worth about $226,000. Finally, The Manufacturers Life Insurance Company grew its position in Johnson Outdoors by 11.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,775 shares of the company’s stock worth $231,000 after purchasing an additional 488 shares in the last quarter. 61.31% of the stock is owned by institutional investors and hedge funds.
In other news, CFO David W. Johnson sold 1,000 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $67.02, for a total transaction of $67,020.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas F. Pyle, Jr. sold 1,950 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $64.23, for a total transaction of $125,248.50. The disclosure for this sale can be found here. Insiders have sold a total of 3,950 shares of company stock valued at $255,429 over the last three months. Insiders own 28.03% of the company’s stock.
A number of equities research analysts have issued reports on JOUT shares. Forward View reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Johnson Outdoors in a research report on Sunday, September 3rd. ValuEngine raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Johnson Outdoors presently has an average rating of “Buy” and an average target price of $67.00.
Johnson Outdoors Inc. (JOUT) opened at $61.91 on Friday. Johnson Outdoors Inc. has a 52-week low of $31.25 and a 52-week high of $76.18. The firm has a market cap of $618.79, a P/E ratio of 20.17 and a beta of 0.67.
Johnson Outdoors 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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