Johnson Outdoors Inc. (NASDAQ:JOUT) has been given an average rating of “Hold” by the six brokerages that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $73.50.
A number of equities research analysts have issued reports on the stock. BidaskClub downgraded shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Imperial Capital increased their price objective on shares of Johnson Outdoors from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Zacks Investment Research downgraded shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Finally, Sidoti assumed coverage on shares of Johnson Outdoors in a research note on Friday, January 19th. They set a “neutral” rating on the stock.
Johnson Outdoors (JOUT) traded up $0.24 during mid-day trading on Friday, hitting $68.70. 1,776 shares of the company traded hands, compared to its average volume of 39,525. Johnson Outdoors has a fifty-two week low of $32.98 and a fifty-two week high of $76.18. The firm has a market capitalization of $671.40, a P/E ratio of 17.87 and a beta of 0.54.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 26th. Shareholders of record on Thursday, April 12th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.70%. This is an increase from Johnson Outdoors’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, April 11th. Johnson Outdoors’s dividend payout ratio is presently 12.82%.
In other news, Director Richard Case Sheahan sold 4,434 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $61.65, for a total value of $273,356.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP David W. Johnson sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $62.31, for a total transaction of $62,310.00. The disclosure for this sale can be found here. Corporate insiders own 18.50% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new stake in shares of Johnson Outdoors during the 4th quarter worth approximately $3,042,000. Renaissance Technologies LLC raised its stake in shares of Johnson Outdoors by 17.1% during the 4th quarter. Renaissance Technologies LLC now owns 298,500 shares of the company’s stock worth $18,534,000 after purchasing an additional 43,600 shares during the period. Geode Capital Management LLC raised its stake in shares of Johnson Outdoors by 33.4% during the 4th quarter. Geode Capital Management LLC now owns 90,626 shares of the company’s stock worth $5,626,000 after purchasing an additional 22,684 shares during the period. Vanguard Group Inc. raised its stake in shares of Johnson Outdoors by 10.3% during the 2nd quarter. Vanguard Group Inc. now owns 217,062 shares of the company’s stock worth $10,464,000 after purchasing an additional 20,232 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of Johnson Outdoors by 372.4% during the 4th quarter. Deutsche Bank AG now owns 24,248 shares of the company’s stock worth $1,504,000 after purchasing an additional 19,115 shares during the period. Institutional investors own 62.74% of the company’s stock.
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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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