Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) have received a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $71.67.
A number of equities analysts have recently issued reports on the company. Imperial Capital restated an “outperform” rating and issued a $70.00 price target (up from $63.00) on shares of Johnson Outdoors in a research note on Friday, December 15th. Zacks Investment Research upgraded Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a research note on Tuesday, December 19th. ValuEngine downgraded Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Sidoti assumed coverage on Johnson Outdoors in a research note on Friday. They issued a “neutral” rating on the stock. Finally, BidaskClub downgraded Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th.
Johnson Outdoors (NASDAQ:JOUT) traded up $1.15 during trading on Friday, hitting $63.76. The company’s stock had a trading volume of 48,358 shares, compared to its average volume of 55,993. The company has a market cap of $637.55, a price-to-earnings ratio of 17.96 and a beta of 0.67. Johnson Outdoors has a twelve month low of $31.25 and a twelve month high of $76.18.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 11th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, January 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.63%. Johnson Outdoors’s dividend payout ratio (DPR) is currently 11.27%.
In related news, VP David W. Johnson sold 1,000 shares of Johnson Outdoors stock in a transaction on Monday, January 8th. The stock was sold at an average price of $62.31, for a total transaction of $62,310.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard Case Sheahan sold 4,434 shares of Johnson Outdoors stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $61.65, for a total value of $273,356.10. The disclosure for this sale can be found here. Company insiders own 28.03% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JOUT. Hillsdale Investment Management Inc. purchased a new position in Johnson Outdoors during the second quarter valued at $1,007,000. Vanguard Group Inc. lifted its position in Johnson Outdoors by 10.3% during the second quarter. Vanguard Group Inc. now owns 217,062 shares of the company’s stock valued at $10,464,000 after purchasing an additional 20,232 shares in the last quarter. Chicago Equity Partners LLC lifted its position in Johnson Outdoors by 31.9% during the third quarter. Chicago Equity Partners LLC now owns 61,828 shares of the company’s stock valued at $4,531,000 after purchasing an additional 14,960 shares in the last quarter. First Quadrant L P CA purchased a new position in Johnson Outdoors during the third quarter valued at $1,077,000. Finally, OxFORD Asset Management LLP purchased a new position in Johnson Outdoors during the third quarter valued at $919,000. Institutional investors own 61.31% of the company’s stock.
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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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