Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) have been given an average rating of “Hold” by the six research firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $73.50.
A number of analysts have recently weighed in on JOUT shares. Zacks Investment Research raised shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $73.00 price target for the company in a research report on Tuesday, December 19th. Imperial Capital reissued an “outperform” rating and set a $70.00 price target (up previously from $63.00) on shares of Johnson Outdoors in a research report on Friday, December 15th. Sidoti initiated coverage on shares of Johnson Outdoors in a research report on Friday, January 19th. They set a “neutral” rating for the company. Finally, BidaskClub cut Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th.
Shares of Johnson Outdoors (NASDAQ:JOUT) traded up $2.62 during trading hours on Friday, reaching $67.18. 35,619 shares of the company’s stock traded hands, compared to its average volume of 31,093. Johnson Outdoors has a one year low of $32.98 and a one year high of $76.18. The firm has a market capitalization of $645.21, a P/E ratio of 21.53 and a beta of 0.54.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 26th. Investors of record on Thursday, April 12th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, April 11th. This is a boost from Johnson Outdoors’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 0.71%. Johnson Outdoors’s dividend payout ratio (DPR) is 12.82%.
In related news, Director Richard Case Sheahan sold 4,434 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $61.65, for a total transaction of $273,356.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP David W. Johnson sold 1,000 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $62.31, for a total value of $62,310.00. The disclosure for this sale can be found here. Company insiders own 18.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of JOUT. Assenagon Asset Management S.A. bought a new stake in Johnson Outdoors in the fourth quarter valued at $3,042,000. Renaissance Technologies LLC lifted its stake in Johnson Outdoors by 17.1% in the fourth quarter. Renaissance Technologies LLC now owns 298,500 shares of the company’s stock valued at $18,534,000 after buying an additional 43,600 shares during the last quarter. Geode Capital Management LLC lifted its stake in Johnson Outdoors by 33.4% in the fourth quarter. Geode Capital Management LLC now owns 90,626 shares of the company’s stock valued at $5,626,000 after buying an additional 22,684 shares during the last quarter. Vanguard Group Inc. lifted its stake in Johnson Outdoors by 10.3% in the second quarter. Vanguard Group Inc. now owns 217,062 shares of the company’s stock valued at $10,464,000 after buying an additional 20,232 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Johnson Outdoors by 372.4% in the fourth quarter. Deutsche Bank AG now owns 24,248 shares of the company’s stock valued at $1,504,000 after buying an additional 19,115 shares during the last quarter. Institutional investors own 62.74% of the company’s stock.
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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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