Johnson Outdoors Inc. (JOUT) Shares Bought by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC raised its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,269 shares of the company’s stock after purchasing an additional 195 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.14% of Johnson Outdoors worth $640,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of JOUT. American International Group Inc. raised its position in Johnson Outdoors by 7.2% in the 1st quarter. American International Group Inc. now owns 3,020 shares of the company’s stock valued at $110,000 after purchasing an additional 202 shares during the last quarter. Smith Asset Management Group LP bought a new stake in shares of Johnson Outdoors during the second quarter worth $149,000. ClariVest Asset Management LLC bought a new stake in shares of Johnson Outdoors during the second quarter worth $174,000. UBS Group AG raised its position in shares of Johnson Outdoors by 416.1% during the first quarter. UBS Group AG now owns 5,445 shares of the company’s stock worth $199,000 after acquiring an additional 4,390 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Johnson Outdoors during the second quarter worth $226,000. Hedge funds and other institutional investors own 59.56% of the company’s stock.

Shares of Johnson Outdoors Inc. (JOUT) opened at $68.09 on Thursday. The firm has a market capitalization of $678.06, a price-to-earnings ratio of 24.23 and a beta of 0.69. Johnson Outdoors Inc. has a 52-week low of $31.25 and a 52-week high of $76.18.

The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.59%. This is an increase from Johnson Outdoors’s previous quarterly dividend of $0.09. Johnson Outdoors’s payout ratio is presently 12.38%.

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In related news, CFO David W. Johnson sold 1,000 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $67.02, for a total value of $67,020.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas F. Pyle, Jr. sold 1,950 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $64.23, for a total value of $125,248.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,950 shares of company stock valued at $255,429. 28.03% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently weighed in on the company. BidaskClub upgraded Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. ValuEngine downgraded Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Imperial Capital boosted their target price on Johnson Outdoors from $49.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. They noted that the move was a valuation call. Forward View upgraded Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research upgraded Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $66.00 target price for the company in a research report on Wednesday, August 9th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $67.00.

About Johnson Outdoors

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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Institutional Ownership by Quarter for Johnson Outdoors (NASDAQ:JOUT)

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