Johnson Outdoors (NASDAQ:JOUT) Director Richard Casey Sheahan Sells 7,580 Shares

Johnson Outdoors Inc. (NASDAQ:JOUT) Director Richard Casey Sheahan sold 7,580 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $49.77, for a total value of $377,256.60. Following the completion of the sale, the director directly owned 5,739 shares of the company’s stock, valued at $285,630.03. The trade was a 56.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Johnson Outdoors Stock Performance

JOUT stock opened at $50.50 on Wednesday. The firm has a market cap of $525.71 million, a P/E ratio of -23.06, a price-to-earnings-growth ratio of 3.09 and a beta of 0.91. Johnson Outdoors Inc. has a 1 year low of $21.33 and a 1 year high of $51.55. The stock has a 50-day simple moving average of $46.05 and a 200-day simple moving average of $42.60.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Friday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.12. Johnson Outdoors had a positive return on equity of 0.83% and a negative net margin of 3.56%.The firm had revenue of $140.94 million during the quarter, compared to analysts’ expectations of $123.95 million. On average, equities research analysts predict that Johnson Outdoors Inc. will post -0.58 EPS for the current year.

Johnson Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 22nd. Stockholders of record on Thursday, January 8th were paid a $0.33 dividend. The ex-dividend date was Thursday, January 8th. This represents a $1.32 annualized dividend and a dividend yield of 2.6%. Johnson Outdoors’s dividend payout ratio is -60.27%.

Institutional Trading of Johnson Outdoors

Several hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in Johnson Outdoors by 1,175.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 893 shares of the company’s stock worth $27,000 after buying an additional 823 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Johnson Outdoors by 57.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,018 shares of the company’s stock valued at $43,000 after acquiring an additional 373 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Johnson Outdoors by 260.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,122 shares of the company’s stock worth $48,000 after purchasing an additional 811 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Johnson Outdoors in the fourth quarter worth $50,000. Finally, Highlander Partners L.P. acquired a new position in Johnson Outdoors in the fourth quarter worth $50,000. 64.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

JOUT has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Weiss Ratings restated a “sell (d)” rating on shares of Johnson Outdoors in a research note on Monday, December 29th. Finally, Zacks Research upgraded Johnson Outdoors from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Johnson Outdoors Company Profile

Johnson Outdoors Inc is a diversified outdoor recreation company that develops, manufactures and markets a broad range of gear and equipment for marine and land-based activities. The company operates through two primary segments: the Marine Electronics & Boat Group and the Outdoor Products Group. Its marine offerings include electric motors and anchors under the Minn Kota® brand, fish-finding and sonar systems under the Humminbird® brand, and a lineup of recreational watercraft under the Old Town® and Ocean Kayak® names.