Johnson Outdoors Inc. (JOUT) Stake Boosted by Axa
Axa increased its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT) by 41.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,617 shares of the company’s stock after acquiring an additional 7,756 shares during the period. Axa owned about 0.27% of Johnson Outdoors worth $1,283,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in JOUT. Bank of Montreal Can grew its holdings in shares of Johnson Outdoors by 36.3% in the first quarter. Bank of Montreal Can now owns 4,758 shares of the company’s stock valued at $174,000 after acquiring an additional 1,268 shares in the last quarter. Strs Ohio grew its holdings in shares of Johnson Outdoors by 2.4% in the first quarter. Strs Ohio now owns 17,000 shares of the company’s stock valued at $620,000 after acquiring an additional 400 shares in the last quarter. US Bancorp DE grew its holdings in shares of Johnson Outdoors by 0.6% in the first quarter. US Bancorp DE now owns 28,917 shares of the company’s stock valued at $1,056,000 after acquiring an additional 171 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Johnson Outdoors by 8.6% in the first quarter. Bank of New York Mellon Corp now owns 43,539 shares of the company’s stock valued at $1,590,000 after acquiring an additional 3,442 shares in the last quarter. Finally, Oxford Asset Management bought a new position in shares of Johnson Outdoors in the first quarter valued at approximately $281,000. 59.48% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on JOUT shares. Forward View reaffirmed a “buy” rating and issued a $72.00 target price on shares of Johnson Outdoors in a report on Sunday, September 3rd. ValuEngine raised Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub raised Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research lowered Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Imperial Capital upped their target price on Johnson Outdoors from $49.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, August 7th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Johnson Outdoors presently has an average rating of “Buy” and a consensus target price of $67.00.
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Johnson Outdoors Inc. (NASDAQ:JOUT) opened at 65.89 on Friday. The company has a market capitalization of $647.83 million, a price-to-earnings ratio of 20.35 and a beta of 0.74. The stock has a 50 day moving average price of $61.60 and a 200 day moving average price of $46.85. Johnson Outdoors Inc. has a 12-month low of $31.25 and a 12-month high of $67.96.
Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings data on Friday, August 4th. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.63. Johnson Outdoors had a net margin of 6.85% and a return on equity of 12.90%. The company had revenue of $155.27 million during the quarter, compared to analyst estimates of $149.29 million. On average, analysts expect that Johnson Outdoors Inc. will post $3.49 EPS for the current year.
In related news, Director Terry E. London sold 1,127 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $59.81, for a total value of $67,405.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas F. Pyle, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $63.16, for a total transaction of $63,160.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,077 shares of company stock valued at $255,814. 28.03% of the stock is owned by company insiders.
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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