Johnson Outdoors Inc. (NASDAQ:JOUT) announced a quarterly dividend on Monday, October 2nd, Wall Street Journal reports. Investors of record on Friday, October 13th will be paid a dividend of 0.10 per share on Friday, October 27th. This represents a $0.40 annualized dividend and a yield of 0.55%. The ex-dividend date is Thursday, October 12th. This is a positive change from Johnson Outdoors’s previous quarterly dividend of $0.09.
Shares of Johnson Outdoors (JOUT) opened at 72.75 on Wednesday. The company’s 50-day moving average price is $66.73 and its 200 day moving average price is $50.65. The company has a market cap of $715.28 million, a P/E ratio of 22.47 and a beta of 0.76. Johnson Outdoors has a one year low of $31.25 and a one year high of $76.18.
Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings data on Friday, August 4th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.63. The business had revenue of $155.27 million during the quarter, compared to analysts’ expectations of $149.29 million. Johnson Outdoors had a return on equity of 12.90% and a net margin of 6.85%. On average, equities research analysts anticipate that Johnson Outdoors will post $3.49 earnings per share for the current year.
A number of research analysts have issued reports on the company. ValuEngine cut Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research cut Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Forward View reissued a “buy” rating and issued a $72.00 target price on shares of Johnson Outdoors in a report on Sunday, September 3rd. BidaskClub raised Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 9th. Finally, Imperial Capital lifted their target price on Johnson Outdoors from $49.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Johnson Outdoors currently has a consensus rating of “Buy” and a consensus price target of $67.00.
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In other Johnson Outdoors news, Director Thomas F. Pyle, Jr. sold 1,950 shares of Johnson Outdoors stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $64.23, for a total value of $125,248.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David W. Johnson sold 1,000 shares of Johnson Outdoors stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $67.02, for a total value of $67,020.00. The disclosure for this sale can be found here. In the last three months, insiders sold 5,077 shares of company stock valued at $322,834. Corporate insiders own 28.42% of the company’s stock.
Johnson Outdoors Company Profile
Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment’s brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment’s brands are Eureka!, Jetboil and Silva.
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