American International Group Inc. increased its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 7.2% during the first quarter, Holdings Channel reports. The firm owned 3,020 shares of the company’s stock after buying an additional 202 shares during the period. American International Group Inc.’s holdings in Johnson Outdoors were worth $110,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Thomson Horstmann & Bryant Inc. increased its stake in Johnson Outdoors by 82.3% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 285,360 shares of the company’s stock valued at $10,415,000 after buying an additional 128,834 shares during the period. LSV Asset Management increased its stake in Johnson Outdoors by 31.9% in the first quarter. LSV Asset Management now owns 243,295 shares of the company’s stock valued at $8,880,000 after buying an additional 58,788 shares during the period. Dalton Greiner Hartman Maher & Co. bought a new stake in Johnson Outdoors during the first quarter valued at $1,401,000. Chicago Equity Partners LLC increased its stake in Johnson Outdoors by 84.9% in the first quarter. Chicago Equity Partners LLC now owns 44,208 shares of the company’s stock valued at $1,614,000 after buying an additional 20,298 shares during the period. Finally, North Star Investment Management Corp. increased its stake in Johnson Outdoors by 27.3% in the first quarter. North Star Investment Management Corp. now owns 73,975 shares of the company’s stock valued at $2,700,000 after buying an additional 15,850 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.
Shares of Johnson Outdoors Inc. (JOUT) opened at 59.05 on Thursday. The company has a market capitalization of $580.58 million, a P/E ratio of 18.24 and a beta of 0.77. The firm has a 50-day moving average of $49.64 and a 200 day moving average of $40.90. Johnson Outdoors Inc. has a 1-year low of $28.26 and a 1-year high of $59.80.
Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings data on Friday, August 4th. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.63. The business had revenue of $155.27 million during the quarter, compared to analyst estimates of $149.29 million. Johnson Outdoors had a net margin of 6.85% and a return on equity of 12.90%. On average, equities research analysts expect that Johnson Outdoors Inc. will post $2.87 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 13th were paid a dividend of $0.09 per share. The ex-dividend date was Tuesday, July 11th. This represents a $0.36 dividend on an annualized basis and a yield of 0.61%. Johnson Outdoors’s dividend payout ratio is currently 11.15%.
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JOUT has been the subject of several research analyst reports. Zacks Investment Research raised shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $53.00 price target for the company in a research note on Thursday, May 11th. Forward View raised shares of Johnson Outdoors from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Imperial Capital lifted their price target on shares of Johnson Outdoors from $44.00 to $49.00 and gave the company an “outperform” rating in a research note on Tuesday, May 9th. BidaskClub downgraded shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, ValuEngine raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $53.00.
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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