Johnson Outdoors Inc. (JOUT) to Issue Quarterly Dividend of $0.09 on October 27th
Johnson Outdoors Inc. (NASDAQ:JOUT) declared a quarterly dividend on Thursday, September 29th. Investors of record on Thursday, October 13th will be paid a dividend of 0.09 per share on Thursday, October 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Tuesday, October 11th. This is a positive change from Johnson Outdoors’s previous quarterly dividend of $0.08.
Johnson Outdoors (NASDAQ:JOUT) opened at 37.14 on Thursday. The firm has a market cap of $364.90 million, a PE ratio of 22.04 and a beta of 1.05. The company has a 50 day moving average of $33.76 and a 200-day moving average of $27.39. Johnson Outdoors has a one year low of $18.33 and a one year high of $37.49.
Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.68 EPS for the quarter. The firm 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, equities research analysts predict that Johnson Outdoors will post $1.60 earnings per share for the current year.
In other Johnson Outdoors news, CFO David W. Johnson sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $28.53, for a total transaction of $85,590.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 28.42% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Eagle Global Advisors LLC purchased a new stake in Johnson Outdoors during the second quarter valued at about $323,000. State Street Corp boosted its stake in Johnson Outdoors by 5.3% in the second quarter. State Street Corp now owns 86,814 shares of the company’s stock valued at $2,229,000 after buying an additional 4,372 shares in the last quarter. Spark Investment Management LLC boosted its stake in Johnson Outdoors by 173.6% in the second quarter. Spark Investment Management LLC now owns 30,100 shares of the company’s stock valued at $773,000 after buying an additional 19,100 shares in the last quarter. Algert Global LLC purchased a new stake in Johnson Outdoors during the second quarter valued at about $217,000. Finally, TFS Capital LLC purchased a new stake in Johnson Outdoors during the second quarter valued at about $419,000. 61.97% of the stock is currently owned by institutional investors.
Separately, Imperial Capital assumed coverage on shares of Johnson Outdoors in a research note on Wednesday, August 24th. They issued an “outperform” rating and a $40.00 price objective on the stock.
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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