Johnson Outdoors Inc. (NASDAQ:JOUT) announced a quarterly dividend on Thursday, September 29th. Shareholders of record on Thursday, October 13th will be paid a dividend of 0.09 per share on Thursday, October 27th. This represents a $0.36 annualized dividend and a yield of 0.99%. The ex-dividend date is Tuesday, October 11th. This is a boost from Johnson Outdoors’s previous quarterly dividend of $0.08.
Shares of Johnson Outdoors (NASDAQ:JOUT) traded down 0.80% during midday trading on Thursday, reaching $36.03. 41,714 shares of the company’s stock traded hands. The firm has a market capitalization of $353.99 million, a P/E ratio of 21.38 and a beta of 1.01. Johnson Outdoors has a 52-week low of $18.33 and a 52-week high of $37.38. The stock’s 50 day moving average price is $32.73 and its 200 day moving average price is $26.87.
Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.68 earnings per share (EPS) for the quarter. The business had revenue of $139.30 million for the quarter, compared to analysts’ expectations of $140.88 million. Johnson Outdoors had a return on equity of 8.26% and a net margin of 3.78%. On average, equities research analysts anticipate that Johnson Outdoors will post $1.60 EPS for the current fiscal year.
In other Johnson Outdoors news, CFO David W. Johnson sold 3,000 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $35.53, for a total value of $106,590.00. Following the transaction, the chief financial officer now owns 23,695 shares of the company’s stock, valued at $841,883.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 28.42% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in JOUT. Deere & Co. raised its position in Johnson Outdoors by 11.8% in the second quarter. Deere & Co. now owns 11,314 shares of the company’s stock valued at $291,000 after buying an additional 1,197 shares during the last quarter. BlackRock Investment Management LLC raised its position in Johnson Outdoors by 6.6% in the second quarter. BlackRock Investment Management LLC now owns 20,816 shares of the company’s stock valued at $535,000 after buying an additional 1,285 shares during the last quarter. Vanguard Group Inc. raised its position in Johnson Outdoors by 1.5% in the second quarter. Vanguard Group Inc. now owns 129,530 shares of the company’s stock valued at $3,329,000 after buying an additional 1,932 shares during the last quarter. State Street Corp raised its position in Johnson Outdoors by 5.3% in the second quarter. State Street Corp now owns 86,814 shares of the company’s stock valued at $2,229,000 after buying an additional 4,372 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Johnson Outdoors by 1,046.9% in the second quarter. O Shaughnessy Asset Management LLC now owns 6,113 shares of the company’s stock valued at $157,000 after buying an additional 5,580 shares during the last quarter. 61.97% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Imperial Capital initiated coverage on Johnson Outdoors in a report on Wednesday, August 24th. They issued an “outperform” rating and a $40.00 price target on the 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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