Bank of New York Mellon Corp boosted its stake in Johnson Outdoors Inc. (NASDAQ:JOUT) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,344 shares of the company’s stock after buying an additional 968 shares during the period. Bank of New York Mellon Corp owned approximately 0.42% of Johnson Outdoors worth $1,063,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Springbok Capital Management LLC increased its position in Johnson Outdoors by 35.3% in the first quarter. Springbok Capital Management LLC now owns 8,206 shares of the company’s stock valued at $182,000 after buying an additional 2,143 shares in the last quarter. Spark Investment Management LLC purchased a new position in Johnson Outdoors during the first quarter valued at about $244,000. Strs Ohio increased its position in Johnson Outdoors by 0.7% in the second quarter. Strs Ohio now owns 23,600 shares of the company’s stock valued at $606,000 after buying an additional 159 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in Johnson Outdoors by 442.1% in the second quarter. Acadian Asset Management LLC now owns 33,494 shares of the company’s stock valued at $860,000 after buying an additional 27,316 shares in the last quarter. 61.97% of the stock is currently owned by hedge funds and other institutional investors.
Johnson Outdoors Inc. (NASDAQ:JOUT) traded up 2.25% on Friday, hitting $36.81. The stock had a trading volume of 12,462 shares. The company’s 50 day moving average is $35.21 and its 200-day moving average is $28.04. The firm has a market capitalization of $361.66 million, a price-to-earnings ratio of 21.85 and a beta of 1.05. Johnson Outdoors Inc. has a 1-year low of $18.33 and a 1-year high of $37.60.
Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.68 earnings per share (EPS) for the quarter. The business had revenue of $139.30 million for the quarter, compared to analysts’ expectations of $140.88 million. Johnson Outdoors had a net margin of 3.78% and a return on equity of 8.26%. On average, analysts forecast that Johnson Outdoors Inc. will post $1.60 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 27th. Investors of record on Thursday, October 13th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.98%. This is a boost from Johnson Outdoors’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, October 11th. Johnson Outdoors’s dividend payout ratio (DPR) is 21.43%.
Separately, Imperial Capital started coverage on Johnson Outdoors in a research note on Wednesday, August 24th. They issued an “outperform” rating and a $40.00 price target on the stock.
In related news, CFO David W. Johnson sold 3,000 shares of Johnson Outdoors stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $35.53, for a total value of $106,590.00. Following the transaction, the chief financial officer now directly owns 23,695 shares of the company’s stock, valued at $841,883.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 28.42% of the stock is currently owned by corporate insiders.
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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