Quad Capital Management Advisors LLC purchased a new stake in Johnson Outdoors Inc. (NASDAQ:JOUT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,000 shares of the company’s stock, valued at approximately $373,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd bought a new stake in shares of Johnson Outdoors during the 3rd quarter valued at about $206,000. Paloma Partners Management Co bought a new stake in shares of Johnson Outdoors during the 4th quarter valued at about $207,000. Cypress Capital Management LLC WY bought a new stake in shares of Johnson Outdoors during the 3rd quarter valued at about $254,000. Citadel Advisors LLC bought a new stake in shares of Johnson Outdoors during the 3rd quarter valued at about $317,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Johnson Outdoors during the 3rd quarter valued at about $325,000. Hedge funds and other institutional investors own 62.74% of the company’s stock.
In related news, VP David W. Johnson sold 1,000 shares of the company’s stock in a transaction that occurred 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. 18.50% of the stock is currently owned by corporate insiders.
Johnson Outdoors (NASDAQ:JOUT) last announced its earnings results on Friday, February 2nd. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.03 by $0.63. Johnson Outdoors had a return on equity of 15.95% and a net margin of 6.10%. The company had revenue of $116.58 million for the quarter, compared to analyst estimates of $97.22 million. equities analysts forecast that Johnson Outdoors Inc. will post 3.19 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 26th. Investors of record on Thursday, April 12th will be paid a dividend of $0.12 per share. This is an increase from Johnson Outdoors’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Wednesday, April 11th. Johnson Outdoors’s dividend payout ratio is 12.82%.
JOUT has been the topic of several research analyst reports. Zacks Investment Research lowered Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Imperial Capital restated an “outperform” rating and set a $70.00 target price (up previously from $63.00) on shares of Johnson Outdoors in a research report on Friday, December 15th. Sidoti initiated coverage on Johnson Outdoors in a research report on Friday, January 19th. They set a “neutral” rating on the stock. Finally, BidaskClub lowered Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Johnson Outdoors currently has an average rating of “Hold” and an average price target of $73.33.
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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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