Johnson Outdoors (NASDAQ:JOUT) Director Edward Stevens Sells 6,250 Shares of Stock

Johnson Outdoors Inc. (NASDAQ:JOUT) Director Edward Stevens sold 6,250 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $47.86, for a total value of $299,125.00. Following the completion of the sale, the director directly owned 10,640 shares of the company’s stock, valued at $509,230.40. This represents a 37.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Johnson Outdoors Stock Performance

JOUT opened at $47.97 on Thursday. The firm has a market cap of $502.73 million, a P/E ratio of -56.43, a price-to-earnings-growth ratio of 2.36 and a beta of 0.81. The business has a 50 day moving average price of $46.29 and a 200 day moving average price of $47.08. Johnson Outdoors Inc. has a twelve month low of $35.65 and a twelve month high of $53.54.

Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly earnings results on Friday, August 7th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.74. The company had revenue of $189.73 million for the quarter, compared to the consensus estimate of $186.19 million. Johnson Outdoors had a positive return on equity of 4.26% and a negative net margin of 1.21%. As a group, analysts anticipate that Johnson Outdoors Inc. will post 1.45 earnings per share for the current fiscal year.

Johnson Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 16th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, July 16th. Johnson Outdoors’s dividend payout ratio (DPR) is presently -155.29%.

Institutional Trading of Johnson Outdoors

Several hedge funds have recently added to or reduced their stakes in JOUT. Corient Private Wealth LLC acquired a new stake in Johnson Outdoors during the 2nd quarter worth approximately $1,528,000. Two Sigma Investments LP lifted its position in Johnson Outdoors by 429.5% during the 3rd quarter. Two Sigma Investments LP now owns 56,159 shares of the company’s stock worth $2,268,000 after buying an additional 45,552 shares in the last quarter. AQR Capital Management LLC boosted its position in Johnson Outdoors by 74.4% during the fourth 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 last quarter. CSM Advisors LLC boosted its holdings in shares of Johnson Outdoors by 42.0% in the 4th quarter. CSM Advisors LLC now owns 126,885 shares of the company’s stock valued at $5,387,000 after buying an additional 37,520 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its stake in Johnson Outdoors by 92.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 68,157 shares of the company’s stock valued at $2,893,000 after acquiring an additional 32,668 shares during the last quarter. Institutional investors and hedge funds own 64.05% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on JOUT shares. Wall Street Zen cut Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Johnson Outdoors in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Johnson Outdoors Company Profile

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.