Illumine Investment Management LLC purchased a new stake in Johnson Outdoors Inc. (NASDAQ:JOUT – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,526 shares of the company’s stock, valued at approximately $955,000.
A number of other large investors have also recently modified their holdings of the business. CANADA LIFE ASSURANCE Co grew its holdings in shares of Johnson Outdoors by 57.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,018 shares of the company’s stock worth $43,000 after purchasing an additional 373 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Johnson Outdoors by 260.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,122 shares of the company’s stock valued at $48,000 after purchasing an additional 811 shares in the last quarter. Highlander Partners L.P. bought a new stake in Johnson Outdoors during the fourth quarter valued at approximately $50,000. Kemnay Advisory Services Inc. bought a new stake in Johnson Outdoors during the fourth quarter valued at approximately $50,000. Finally, Raymond James Financial Inc. purchased a new position in Johnson Outdoors in the 2nd quarter worth approximately $52,000. Institutional investors own 64.05% of the company’s stock.
Johnson Outdoors Stock Performance
Shares of NASDAQ JOUT opened at $44.25 on Tuesday. The stock’s 50-day moving average is $45.12 and its 200 day moving average is $46.58. The stock has a market cap of $463.74 million, a price-to-earnings ratio of -29.11, a P/E/G ratio of 4.21 and a beta of 0.81. Johnson Outdoors Inc. has a 1-year low of $30.35 and a 1-year high of $53.54.
Johnson Outdoors Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 16th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, July 16th. Johnson Outdoors’s payout ratio is presently -86.84%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research downgraded shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Johnson Outdoors in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce”.
Check Out Our Latest Analysis on JOUT
Johnson Outdoors 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.
Featured Stories
- Five stocks we like better than Johnson Outdoors
- The SK Hynix IPO and 2027’s AI Memory Squeeze
- Meta Platforms Stock Rises as Muse Spark 1.1 AI Model Debuts
- Why Welltower’s Growth Story Might Outrun Its Rich Valuation
- One Short- and One Long-Term ETF for Quantum Computing Bulls
Want to see what other hedge funds are holding JOUT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson Outdoors Inc. (NASDAQ:JOUT – Free Report).
Receive News & Ratings for Johnson Outdoors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Outdoors and related companies with MarketBeat.com's FREE daily email newsletter.
