Johnson Outdoors Inc. (NASDAQ:JOUT) Director John M. Fahey, Jr. sells 1,206 shares
Johnson Outdoors Inc. (NASDAQ:JOUT – Get Rating) director John M. Fahey, Jr. sold 1,206 shares of the company in a trade on Friday, August 12. The stock was sold at an average price of $68.83, for a total value of $83,008.98. Following completion of the transaction, the administrator now directly owns 19,160 shares of the company, valued at $1,318,782.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website.
Johnson Outdoors Price Performance
Johnson Outdoors shares were up $0.63 in Friday trading, hitting $69.43. 202 shares of the company were traded, against an average volume of 26,723. The company has a market capitalization of $706.10 million, a P/E ratio of 16.78 and a beta of 0.85. Johnson Outdoors Inc. has a 1-year minimum of $54.55 and a 1-year maximum of $122.50. The company’s fifty-day moving average price is $64.26 and its 200-day moving average price is $72.84.
Johnson Outdoors (NASDAQ:JOUT – Get Rating) last released quarterly earnings data on Monday, May 9. The company reported earnings per share of $0.97 for the quarter. Johnson Outdoors had a return on equity of 8.87% and a net margin of 5.86%. The company had revenue of $189.62 million for the quarter.
Johnson Outdoors Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 28. Shareholders of record on Thursday, July 14 received a dividend of $0.30 per share. This represents an annualized dividend of $1.20 and a dividend yield of 1.73%. The ex-dividend date was Wednesday, July 13. Johnson Outdoors’ dividend payout ratio (DPR) is currently 29.27%.
Hedge funds weigh on Johnson Outdoors
Several institutional investors have recently changed their stake in the company. Envestnet Asset Management Inc. increased its holdings of Johnson Outdoors shares by 3.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,790 shares of the company valued at $449,000 after buying an additional 178 shares last quarter. Copeland Capital Management LLC increased its equity stake in Johnson Outdoors by 79.0% during the second quarter. Copeland Capital Management LLC now owns 494 shares of the company worth $30,000 after acquiring 218 additional shares in the last quarter. Rice Hall James & Associates LLC increased its stake in Johnson Outdoors by 0.9% in Q1. Rice Hall James & Associates LLC now owns 34,488 shares of the company valued at $2,681,000 after buying 300 more shares last quarter. CWM LLC increased its stake in Johnson Outdoors by 2.5% in the 1st quarter. CWM LLC now owns 13,660 shares of the company valued at $1,062,000 after purchasing 336 additional shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Johnson Outdoors by 17.8% in the second quarter. BNP Paribas Arbitrage SA now owns 2,749 shares in the company valued at $168,000 after buying an additional 415 shares last quarter. Institutional investors hold 63.63% of the company’s shares.
Changes to analyst ratings
A number of analysts have weighed in on JOUT shares recently. TheStreet downgraded Johnson Outdoors from a “b-” rating to a “c+” rating in a Friday, May 13 research note. StockNews.com downgraded Johnson Outdoors from a “buy” rating to a “hold” rating in a Tuesday, May 17 research report.
Johnson Outdoors Company Profile
(Get a rating)
Johnson Outdoors Inc designs, manufactures and markets seasonal recreational and outdoor fishing products worldwide. It operates through four segments: fishing, camping, water recreation and diving. The Fishing segment offers electric trolling motors, marine battery chargers and shallow water anchors; sonar and GPS equipment for fish finding, navigation and marine mapping; and downriggers for controlled depth fishing.
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