Key Points
- Director Edward Stevens sold 6,250 Johnson Outdoors shares at an average price of $47.86, generating $299,125. Following the transaction, his holdings fell 37% to 10,640 shares.
- Johnson Outdoors reported quarterly earnings of $1.42 per share, beating estimates of $0.68, while revenue of $189.73 million also exceeded expectations.
- The company pays a quarterly dividend of $0.33, equivalent to a 2.8% annualized yield; however, analysts maintain a cautious view, with an average “Reduce” rating.
Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report) Director Edward Stevens sold 6,250 shares of the business's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $47.86, for a total value of $299,125.00. Following the completion of the sale, the director owned 10,640 shares of the company's stock, valued at $509,230.40. This trade represents a 37.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Johnson Outdoors Stock Up 0.3%
Shares of Johnson Outdoors stock opened at $47.97 on Thursday. The stock has a market capitalization of $502.73 million, a price-to-earnings ratio of -56.43, a price-to-earnings-growth ratio of 2.36 and a beta of 0.81. Johnson Outdoors Inc. has a twelve month low of $35.65 and a twelve month high of $53.54. The company has a 50-day simple moving average of $46.29 and a two-hundred day simple moving average of $47.08.
Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last announced its earnings results on Friday, August 7th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $0.68 by $0.74. Johnson Outdoors had a negative net margin of 1.21% and a positive return on equity of 4.26%. The company had revenue of $189.73 million for the quarter, compared to analysts' expectations of $186.19 million. On average, sell-side analysts anticipate that Johnson Outdoors Inc. will post 1.45 earnings per share for the current fiscal year.
Johnson Outdoors Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 16th were paid a $0.33 dividend. The ex-dividend date was Thursday, July 16th. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. Johnson Outdoors's dividend payout ratio (DPR) is presently -155.29%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Wall Street Zen cut Johnson Outdoors from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Johnson Outdoors in a report on Wednesday, August 5th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Johnson Outdoors currently has an average rating of "Reduce".
View Our Latest Analysis on JOUT
Hedge Funds Weigh In On Johnson Outdoors
A number of hedge funds have recently bought and sold shares of the company. Corient Private Wealth LLC acquired a new position in Johnson Outdoors in the second quarter valued at $1,528,000. Two Sigma Investments LP lifted its stake in shares of Johnson Outdoors by 429.5% in the 3rd quarter. Two Sigma Investments LP now owns 56,159 shares of the company's stock valued at $2,268,000 after purchasing an additional 45,552 shares during the period. AQR Capital Management LLC lifted its stake in shares of Johnson Outdoors by 74.4% in the 4th quarter. AQR Capital Management LLC now owns 100,125 shares of the company's stock valued at $4,250,000 after purchasing an additional 42,715 shares during the period. CSM Advisors LLC boosted its position in shares of Johnson Outdoors by 42.0% during the 4th quarter. CSM Advisors LLC now owns 126,885 shares of the company's stock valued at $5,387,000 after purchasing an additional 37,520 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in Johnson Outdoors by 92.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 68,157 shares of the company's stock worth $2,893,000 after purchasing an additional 32,668 shares during the period. Institutional investors own 64.05% of the company's stock.
About Johnson Outdoors
(
Get Free Report)
Johnson Outdoors Inc is a diversified outdoor recreation company that develops, manufactures and markets a broad range of gear and equipment for marine and land-based activities. The company operates through two primary segments: the Marine Electronics & Boat Group and the Outdoor Products Group. Its marine offerings include electric motors and anchors under the Minn Kota® brand, fish-finding and sonar systems under the Humminbird® brand, and a lineup of recreational watercraft under the Old Town® and Ocean Kayak® names.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
