Johnson Outdoors Inc. (JOUT) to Issue Quarterly Dividend of $0.10 on October 27th

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.

Dividend History for Johnson Outdoors (NASDAQ:JOUT)

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