Johnson Outdoors (NASDAQ:JOUT) Director Sells $299,125.00 in Stock

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

Johnson Outdoors Trading Up 0.7%

Shares of JOUT stock opened at $47.43 on Friday. Johnson Outdoors Inc. has a 12-month low of $35.65 and a 12-month high of $53.54. The stock’s 50-day moving average price is $46.30 and its 200-day moving average price is $47.10. The stock has a market capitalization of $497.07 million, a price-to-earnings ratio of -55.80, a price-to-earnings-growth ratio of 2.32 and a beta of 0.81.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Friday, August 7th. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.74. The company had revenue of $189.73 million during the quarter, compared to analyst estimates 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 predict that Johnson Outdoors Inc. will post 1.45 EPS for the current fiscal year.

Johnson Outdoors Announces Dividend

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

Institutional Investors Weigh In On Johnson Outdoors

Several large investors have recently added to or reduced their stakes in JOUT. AQR Capital Management LLC lifted its stake in shares of Johnson Outdoors by 127.5% in the 1st quarter. AQR Capital Management LLC now owns 33,515 shares of the company’s stock valued at $833,000 after purchasing an additional 18,782 shares during the last quarter. Empowered Funds LLC increased its position in shares of Johnson Outdoors by 7.6% during the 1st quarter. Empowered Funds LLC now owns 20,782 shares of the company’s stock valued at $516,000 after purchasing an additional 1,468 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Johnson Outdoors by 17.3% during the 1st quarter. Acadian Asset Management LLC now owns 15,106 shares of the company’s stock valued at $374,000 after purchasing an additional 2,230 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Johnson Outdoors by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 135,841 shares of the company’s stock valued at $4,113,000 after purchasing an additional 3,408 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Johnson Outdoors by 3.7% during the 2nd quarter. Rhumbline Advisers now owns 8,066 shares of the company’s stock valued at $244,000 after buying an additional 289 shares during the period. 64.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in 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. Weiss Ratings raised shares of Johnson Outdoors from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

About Johnson Outdoors

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.