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

Johnson Outdoors Inc. (NASDAQ:JOUTGet Free Report) Director Edward Stevens sold 6,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $47.86, for a total transaction of $299,125.00. Following the transaction, the director directly owned 10,640 shares of the company’s stock, valued at approximately $509,230.40. This represents a 37.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Johnson Outdoors Stock Up 0.1%

NASDAQ:JOUT traded up $0.06 during midday trading on Wednesday, hitting $47.91. The company had a trading volume of 6,043 shares, compared to its average volume of 67,352. The stock’s fifty day moving average price is $46.25 and its 200-day moving average price is $47.06. Johnson Outdoors Inc. has a 52-week low of $35.65 and a 52-week high of $53.54. The company has a market capitalization of $502.09 million, a PE ratio of -56.36, a P/E/G ratio of 2.37 and a beta of 0.81.

Johnson Outdoors (NASDAQ:JOUTGet Free Report) last released its earnings results on Friday, August 7th. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.74. The company had revenue of $189.73 million during 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, research analysts forecast that Johnson Outdoors Inc. will post 1.45 earnings per share for the current year.

Johnson Outdoors Dividend Announcement

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

Wall Street Analysts Forecast Growth

JOUT has been the topic of a number of research analyst reports. Wall Street Zen downgraded Johnson Outdoors from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Johnson Outdoors in a report on Wednesday, August 5th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Johnson Outdoors presently has a consensus rating of “Reduce”.

Check Out Our Latest Report on JOUT

Institutional Trading of Johnson Outdoors

Hedge funds and other institutional investors have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised its stake in shares of Johnson Outdoors by 57.8% in 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 during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Johnson Outdoors by 260.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,122 shares of the company’s stock worth $48,000 after buying an additional 811 shares in the last quarter. Highlander Partners L.P. purchased a new stake in shares of Johnson Outdoors during the fourth quarter valued at approximately $50,000. Kemnay Advisory Services Inc. bought a new stake in shares of 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. 64.05% of the stock is owned by hedge funds and other institutional investors.

About Johnson Outdoors

(Get Free Report)

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.

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