Johnson Outdoors (NASDAQ:JOUT) Director Edward Lang Sells 2,000 Shares

Johnson Outdoors Inc. (NASDAQ:JOUT) Director Edward Lang sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $43.94, for a total value of $87,880.00. Following the transaction, the director owned 32,171 shares in the company, valued at approximately $1,413,593.74. This represents a 5.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Johnson Outdoors Price Performance

JOUT traded down $0.10 on Wednesday, hitting $43.82. The company had a trading volume of 121,333 shares, compared to its average volume of 51,702. The stock has a fifty day simple moving average of $40.87 and a 200-day simple moving average of $37.49. The firm has a market capitalization of $454.50 million, a P/E ratio of -13.08, a P/E/G ratio of 2.92 and a beta of 0.99. Johnson Outdoors Inc. has a 52-week low of $21.33 and a 52-week high of $48.50.

Johnson Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 22nd. Shareholders of record on Thursday, January 8th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, January 8th. Johnson Outdoors’s dividend payout ratio is currently -39.40%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on JOUT. Wall Street Zen downgraded shares of Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Johnson Outdoors in a research report on Wednesday, October 8th. Finally, Zacks Research raised Johnson Outdoors from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Institutional Trading of Johnson Outdoors

Several institutional investors have recently made changes to their positions in JOUT. PNC Financial Services Group Inc. boosted its position in shares of Johnson Outdoors by 1,175.7% during the second quarter. PNC Financial Services Group Inc. now owns 893 shares of the company’s stock worth $27,000 after buying an additional 823 shares during the period. Raymond James Financial Inc. purchased a new position in Johnson Outdoors in the second quarter valued at approximately $52,000. AlphaQuest LLC acquired a new stake in Johnson Outdoors during the 2nd quarter worth $120,000. CWM LLC boosted its position in shares of Johnson Outdoors by 157.5% in the 2nd quarter. CWM LLC now owns 4,056 shares of the company’s stock valued at $123,000 after purchasing an additional 2,481 shares during the period. Finally, Strs Ohio purchased a new position in shares of Johnson Outdoors during the third quarter worth approximately $145,000. Hedge funds and other institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Company Profile

Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.