Alps Advisors Inc. acquired a new position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,282 shares of the company’s stock, valued at approximately $534,000. Alps Advisors Inc. owned approximately 0.07% of Johnson Outdoors at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. TIAA CREF Investment Management LLC raised its holdings in shares of Johnson Outdoors by 1.5% during the second quarter. TIAA CREF Investment Management LLC now owns 13,269 shares of the company’s stock worth $640,000 after acquiring an additional 195 shares in the last quarter. American International Group Inc. increased its position in Johnson Outdoors by 7.2% during the first quarter. American International Group Inc. now owns 3,020 shares of the company’s stock worth $110,000 after buying an additional 202 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Johnson Outdoors by 11.4% during the second quarter. The Manufacturers Life Insurance Company now owns 4,775 shares of the company’s stock worth $231,000 after buying an additional 488 shares during the last quarter. Credit Suisse AG increased its position in Johnson Outdoors by 9.6% during the first quarter. Credit Suisse AG now owns 6,711 shares of the company’s stock worth $245,000 after buying an additional 586 shares during the last quarter. Finally, State Street Corp increased its position in Johnson Outdoors by 1.1% during the second quarter. State Street Corp now owns 107,318 shares of the company’s stock worth $5,176,000 after buying an additional 1,163 shares during the last quarter. Institutional investors and hedge funds own 59.56% of the company’s stock.

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Johnson Outdoors Inc. (JOUT) opened at $68.09 on Thursday. The company has a market cap of $678.06, a price-to-earnings ratio of 24.23 and a beta of 0.69. Johnson Outdoors Inc. has a 1 year low of $31.25 and a 1 year high of $76.18.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.59%. This is an increase from Johnson Outdoors’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, October 12th. Johnson Outdoors’s dividend payout ratio is presently 12.38%.

Several equities analysts have commented on the stock. Imperial Capital increased their target price on shares of 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. ValuEngine raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub raised shares of Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $66.00 target price on the stock in a research report on Wednesday, August 9th. Finally, Forward View raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Johnson Outdoors presently has an average rating of “Buy” and a consensus target price of $67.00.

In other Johnson Outdoors news, CFO David W. Johnson sold 1,000 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $67.02, for a total transaction of $67,020.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas F. Pyle, Jr. sold 1,950 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $64.23, for a total value of $125,248.50. The disclosure for this sale can be found here. Insiders have sold 3,950 shares of company stock worth $255,429 over the last three months. Company insiders own 28.03% of the company’s 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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Institutional Ownership by Quarter for Johnson Outdoors (NASDAQ:JOUT)

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