Algert Global LLC increased its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 8.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,907 shares of the company’s stock after buying an additional 2,075 shares during the period. Algert Global LLC owned about 0.27% of Johnson Outdoors worth $1,972,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Johnson Outdoors by 14.0% in the 1st quarter. Vanguard Group Inc. now owns 196,830 shares of the company’s stock worth $7,184,000 after purchasing an additional 24,147 shares during the last quarter. Northern Trust Corp increased its position in shares of Johnson Outdoors by 5.9% in the 2nd quarter. Northern Trust Corp now owns 77,877 shares of the company’s stock worth $3,754,000 after purchasing an additional 4,339 shares during the last quarter. First Quadrant L P CA bought a new stake in shares of Johnson Outdoors in the 3rd quarter worth about $1,077,000. Convergence Investment Partners LLC bought a new stake in shares of Johnson Outdoors in the 3rd quarter worth about $669,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Johnson Outdoors by 182.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 18,323 shares of the company’s stock worth $883,000 after purchasing an additional 11,843 shares during the last quarter. 61.31% of the stock is currently owned by hedge funds and other institutional investors.
Johnson Outdoors Inc. (JOUT) opened at $63.13 on Friday. The stock has a market cap of $599.08, a PE ratio of 19.52 and a beta of 0.67. Johnson Outdoors Inc. has a one year low of $31.25 and a one year high of $76.18.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 11th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Wednesday, January 10th. Johnson Outdoors’s payout ratio is 11.43%.
Several research firms have recently weighed in on JOUT. Imperial Capital reissued an “outperform” rating and issued a $70.00 target price (up previously from $63.00) on shares of Johnson Outdoors in a research report on Friday. ValuEngine raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Forward View reaffirmed a “buy” rating and issued a $72.00 price target on shares of Johnson Outdoors in a report on Sunday, September 3rd. Finally, Zacks Investment Research lowered shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $69.33.
In other Johnson Outdoors news, Director Richard Case Sheahan sold 4,434 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $61.65, for a total transaction of $273,356.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David W. Johnson sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $67.02, for a total transaction of $67,020.00. The disclosure for this sale can be found here. Insiders own 28.03% of the company’s stock.
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Johnson Outdoors 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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