Schwab Charles Investment Management Inc. Has $1.51 Million Position in Johnson Outdoors Inc. (JOUT)
Schwab Charles Investment Management Inc. lifted its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 142.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,614 shares of the company’s stock after purchasing an additional 12,114 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Johnson Outdoors were worth $1,511,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. bought a new position in Johnson Outdoors in the 2nd quarter worth about $1,007,000. Vanguard Group Inc. increased its stake in Johnson Outdoors by 10.3% in the 2nd quarter. Vanguard Group Inc. now owns 217,062 shares of the company’s stock worth $10,464,000 after acquiring an additional 20,232 shares during the last quarter. Chicago Equity Partners LLC increased its stake in Johnson Outdoors by 31.9% in the 3rd quarter. Chicago Equity Partners LLC now owns 61,828 shares of the company’s stock worth $4,531,000 after acquiring an additional 14,960 shares during the last quarter. First Quadrant L P CA bought a new position in Johnson Outdoors in the 3rd quarter worth about $1,077,000. Finally, Public Employees Retirement System of Ohio bought a new position in Johnson Outdoors in the 2nd quarter worth about $589,000. Institutional investors own 60.83% of the company’s stock.
In other news, 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 value of $62,310.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Case Sheahan sold 4,434 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $61.65, for a total value of $273,356.10. The disclosure for this sale can be found here. 18.50% of the stock is currently owned by corporate insiders.
Johnson Outdoors (NASDAQ:JOUT) last announced its earnings results on Friday, December 8th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Johnson Outdoors had a return on equity of 13.59% and a net margin of 7.17%. equities analysts forecast that Johnson Outdoors Inc. will post 3.27 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 11th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Wednesday, January 10th. Johnson Outdoors’s payout ratio is currently 11.43%.
JOUT has been the topic of a number of research analyst reports. ValuEngine lowered Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Imperial Capital restated an “outperform” rating and issued a $70.00 target price (up from $63.00) on shares of Johnson Outdoors in a research note on Friday, December 15th. BidaskClub lowered Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, Sidoti initiated coverage on Johnson Outdoors in a research note on Friday. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $71.67.
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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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