Johnson Outdoors Inc. (JOUT) Announces Quarterly Dividend of $0.10
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.
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