Key Points
- Johnson Outdoors Director Edward Lang sold 2,000 shares on Dec. 17 at an average price of $43.94 for ~$87,880, reducing his stake to 32,171 shares (a 5.85% drop) per the SEC filing.
- The company declared a quarterly dividend of $0.33 (annualized $1.32), a 3.0% yield, with an ex-dividend date of Jan. 8 and payment on Jan. 22.
- Shares traded around $44.69 (1-year range $21.33–$48.50) with a market cap of about $463.5M and a negative P/E of -13.34; analyst coverage is mixed and the consensus rating is "Reduce," while institutional investors own roughly 64% of the stock.
Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report) Director Edward Lang sold 2,000 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $43.94, for a total value of $87,880.00. Following the completion of the sale, the director owned 32,171 shares of the company's stock, valued at approximately $1,413,593.74. This represents a 5.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Johnson Outdoors Trading Up 1.8%
Shares of JOUT traded up $0.77 during midday trading on Thursday, reaching $44.69. 1,968 shares of the company were exchanged, compared to its average volume of 51,702. Johnson Outdoors Inc. has a 1-year low of $21.33 and a 1-year high of $48.50. The stock has a 50-day moving average price of $40.89 and a 200-day moving average price of $37.53. The company has a market cap of $463.48 million, a price-to-earnings ratio of -13.34, a P/E/G ratio of 2.99 and a beta of 0.99.
Johnson Outdoors Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 22nd. Shareholders of record on Thursday, January 8th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, January 8th. Johnson Outdoors's dividend payout ratio is currently -39.40%.
Wall Street Analysts Forecast Growth
JOUT has been the subject of several recent research reports. Zacks Research raised shares of Johnson Outdoors from a "strong sell" rating to a "hold" rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Johnson Outdoors in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Johnson Outdoors from a "strong-buy" rating to a "buy" rating in a report on Saturday, December 6th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Reduce".
Get Our Latest Analysis on Johnson Outdoors
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Unison Advisors LLC bought a new position in shares of Johnson Outdoors during the second quarter worth about $207,000. Dean Capital Management increased its holdings in Johnson Outdoors by 27.1% in the first quarter. Dean Capital Management now owns 63,466 shares of the company's stock valued at $1,576,000 after buying an additional 13,524 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Johnson Outdoors during the first quarter valued at approximately $203,000. Aristides Capital LLC lifted its holdings in Johnson Outdoors by 214.3% during the 2nd quarter. Aristides Capital LLC now owns 31,361 shares of the company's stock worth $949,000 after buying an additional 21,383 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in Johnson Outdoors by 25.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 133,047 shares of the company's stock worth $4,027,000 after buying an additional 27,147 shares during the last quarter. 64.05% of the stock is currently owned by institutional investors.
About Johnson Outdoors
(
Get Free Report)
Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.
Further Reading
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