Thomson Horstmann & Bryant Inc. Boosts Stake in Johnson Outdoors Inc. (JOUT)
Thomson Horstmann & Bryant Inc. raised its stake in Johnson Outdoors Inc. (NASDAQ:JOUT) by 82.3% during the first quarter, Holdings Channel reports. The institutional investor owned 285,360 shares of the company’s stock after buying an additional 128,834 shares during the period. Johnson Outdoors accounts for about 1.3% of Thomson Horstmann & Bryant Inc.’s portfolio, making the stock its 20th largest position. Thomson Horstmann & Bryant Inc. owned approximately 2.91% of Johnson Outdoors worth $10,415,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Bank of Montreal Can boosted its stake 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 buying an additional 1,268 shares in the last quarter. DIAM Co. Ltd. acquired a new stake in shares of Johnson Outdoors during the third quarter valued at $180,000. Analytic Investors LLC acquired a new stake in shares of Johnson Outdoors during the third quarter valued at $206,000. GSA Capital Partners LLP boosted its stake in shares of Johnson Outdoors by 1.4% in the fourth quarter. GSA Capital Partners LLP now owns 6,100 shares of the company’s stock valued at $242,000 after buying an additional 87 shares in the last quarter. Finally, Cigna Investments Inc. New acquired a new stake in shares of Johnson Outdoors during the fourth quarter valued at $255,000. Institutional investors own 57.81% of the company’s stock.
Johnson Outdoors Inc. (NASDAQ:JOUT) traded up 2.03% on Thursday, reaching $36.22. 29,862 shares of the company’s stock traded hands. Johnson Outdoors Inc. has a 52 week low of $21.11 and a 52 week high of $45.35. The stock has a market capitalization of $355.35 million, a price-to-earnings ratio of 20.17 and a beta of 0.83. The firm has a 50-day moving average price of $35.27 and a 200-day moving average price of $36.58.
Johnson Outdoors (NASDAQ:JOUT) last announced its earnings results on Friday, February 3rd. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.04. Johnson Outdoors had a return on equity of 6.66% and a net margin of 4.09%. The company earned $93.73 million during the quarter, compared to analysts’ expectations of $83.67 million. On average, analysts predict that Johnson Outdoors Inc. will post $2.40 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 27th. Investors of record on Thursday, April 13th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, April 11th. Johnson Outdoors’s dividend payout ratio (DPR) is 20.00%.
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Several brokerages recently weighed in on JOUT. Zacks Investment Research upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Tuesday, February 7th. Forward View restated a “sell” rating and issued a $30.00 price target on shares of Johnson Outdoors in a research report on Monday, February 6th. Finally, Imperial Capital restated an “outperform” rating and issued a $44.00 price target on shares of Johnson Outdoors in a research report on Monday, February 6th.
In related news, VP David W. Johnson sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $33.65, for a total transaction of $67,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 28.42% of the company’s stock.
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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