Johnson Outdoors Inc. (NASDAQ:JOUT) announced a quarterly dividend on Monday, October 2nd, Wall Street Journal reports. Investors of record on Friday, October 13th will be given a dividend of 0.10 per share on Friday, October 27th. This represents a $0.40 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Thursday, October 12th. This is an increase from Johnson Outdoors’s previous quarterly dividend of $0.09.

Shares of Johnson Outdoors (NASDAQ:JOUT) traded up 0.52% on Monday, hitting $73.66. The company’s stock had a trading volume of 106,885 shares. Johnson Outdoors has a one year low of $31.25 and a one year high of $76.18. The stock has a 50-day moving average price of $61.60 and a 200 day moving average price of $46.85. The firm has a market cap of $647.10 million, a price-to-earnings ratio of 22.80 and a beta of 0.75.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings data on Friday, August 4th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.63. Johnson Outdoors had a net margin of 6.85% and a return on equity of 12.90%. The firm had revenue of $155.27 million during the quarter, compared to analysts’ expectations of $149.29 million. Equities research analysts predict that Johnson Outdoors will post $3.49 EPS for the current year.

In other Johnson Outdoors news, CFO David W. Johnson sold 1,000 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $67.02, for a total transaction of $67,020.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Terry E. London sold 1,127 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $59.81, for a total value of $67,405.87. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,077 shares of company stock worth $322,834. 28.42% of the stock is owned by corporate insiders.

A number of research analysts recently commented on JOUT shares. Forward View reiterated a “buy” rating and issued a $72.00 price objective on shares of Johnson Outdoors in a report on Sunday, September 3rd. ValuEngine raised Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $66.00 price target for the company in a report on Wednesday, August 9th. BidaskClub raised Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Finally, Imperial Capital raised their price objective on Johnson Outdoors from $49.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Johnson Outdoors has an average rating of “Buy” and an average price target of $67.00.

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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.

Dividend History for Johnson Outdoors (NASDAQ:JOUT)

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