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

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

Johnson Outdoors Stock Performance

Johnson Outdoors stock opened at $47.12 on Friday. The stock has a fifty day moving average of $46.29 and a two-hundred day moving average of $47.10. The company has a market capitalization of $493.82 million, a price-to-earnings ratio of -55.43, a PEG ratio of 2.36 and a beta of 0.81. Johnson Outdoors Inc. has a fifty-two week low of $35.65 and a fifty-two week high of $53.54.

Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly earnings data 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 business 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%. On average, analysts forecast that Johnson Outdoors Inc. will post 1.45 EPS for the current fiscal year.

Johnson Outdoors Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Trading of Johnson Outdoors

A number of hedge funds have recently added to or reduced their stakes in JOUT. Public Employees Retirement System of Ohio purchased a new stake in Johnson Outdoors in the 2nd quarter valued at about $358,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Johnson Outdoors during the 2nd quarter worth about $1,077,000. Marquette Asset Management LLC acquired a new stake in shares of Johnson Outdoors in the second quarter worth approximately $412,000. Versant Capital Management Inc grew its holdings in Johnson Outdoors by 72.1% in the second quarter. Versant Capital Management Inc now owns 1,365 shares of the company’s stock valued at $63,000 after purchasing an additional 572 shares during the period. Finally, Bank of America Corp DE increased its position in Johnson Outdoors by 51.1% during the first quarter. Bank of America Corp DE now owns 8,018 shares of the company’s stock worth $373,000 after purchasing an additional 2,712 shares during the last quarter. 64.05% of the stock is owned by institutional investors and hedge funds.

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.