California Public Employees Retirement System increased its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 9.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,152 shares of the company’s stock after buying an additional 2,452 shares during the period. California Public Employees Retirement System owned about 0.27% of Johnson Outdoors worth $1,990,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new position in shares of Johnson Outdoors during the third quarter valued at $325,000. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Johnson Outdoors by 6.7% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 49,421 shares of the company’s stock valued at $3,620,000 after buying an additional 3,100 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Johnson Outdoors by 142.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 20,614 shares of the company’s stock valued at $1,511,000 after buying an additional 12,114 shares during the period. First Quadrant L P CA purchased a new position in shares of Johnson Outdoors during the third quarter valued at $1,077,000. Finally, Northern Trust Corp grew its stake in Johnson Outdoors by 5.9% in the second quarter. Northern Trust Corp now owns 77,877 shares of the company’s stock valued at $3,754,000 after purchasing an additional 4,339 shares during the last quarter. Hedge funds and other institutional investors own 61.66% of the company’s stock.
JOUT has been the subject of several recent analyst reports. BidaskClub downgraded Johnson Outdoors from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Sidoti began coverage on Johnson Outdoors in a report on Friday, January 19th. They issued a “neutral” rating for the company. Imperial Capital boosted their price objective on Johnson Outdoors from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Zacks Investment Research upgraded Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $73.00 price target for the company in a research report on Tuesday, December 19th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $73.33.
Johnson Outdoors Inc. (NASDAQ JOUT) traded up $0.22 on Friday, reaching $65.38. The company had a trading volume of 55,654 shares, compared to its average volume of 38,279. Johnson Outdoors Inc. has a 1 year low of $31.46 and a 1 year high of $76.18. The firm has a market cap of $653.67, a price-to-earnings ratio of 20.96 and a beta of 0.56.
Johnson Outdoors (NASDAQ:JOUT) last posted its earnings results on Friday, December 8th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Johnson Outdoors had a return on equity of 15.95% and a net margin of 6.10%. The firm had revenue of $91.76 million for the quarter, compared to analyst estimates of $81.97 million. research analysts anticipate that Johnson Outdoors Inc. will post 3.19 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 11th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, January 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.61%. Johnson Outdoors’s payout ratio is 12.82%.
In related news, Director Richard Case Sheahan sold 4,434 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $61.65, for a total value of $273,356.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David W. Johnson sold 1,000 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $62.31, for a total value of $62,310.00. The disclosure for this sale can be found here. 18.50% of the stock is currently owned by company insiders.
About Johnson Outdoors
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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