Insider Selling: Johnson Outdoors (NASDAQ:JOUT) Director Sells $87,880.00 in Stock

by · The Markets Daily

Johnson Outdoors Inc. (NASDAQ:JOUT – Get Free Report) Director Edward Lang sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $43.94, for a total transaction of $87,880.00. Following the completion of the transaction, the director owned 32,171 shares in the company, valued at $1,413,593.74. This represents a 5.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Johnson Outdoors Stock Performance

JOUT opened at $43.96 on Friday. The company has a fifty day moving average price of $41.00 and a two-hundred day moving average price of $37.70. The firm has a market capitalization of $455.87 million, a PE ratio of -13.12, a P/E/G ratio of 3.05 and a beta of 0.99. Johnson Outdoors Inc. has a 52 week low of $21.33 and a 52 week high of $48.50.

Johnson Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 22nd. Stockholders of record on Thursday, January 8th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, January 8th. Johnson Outdoors’s payout ratio is presently -39.40%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Zacks Research raised shares of Johnson Outdoors from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Johnson Outdoors in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Read Our Latest Research Report on JOUT

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Jacobs Levy Equity Management Inc. grew its holdings in shares of Johnson Outdoors by 56.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 66,558 shares of the company’s stock worth $2,688,000 after buying an additional 24,088 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Johnson Outdoors by 46.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,289 shares of the company’s stock worth $254,000 after acquiring an additional 1,980 shares during the last quarter. Dean Capital Management grew its stake in shares of Johnson Outdoors by 31.3% during the 3rd quarter. Dean Capital Management now owns 101,177 shares of the company’s stock worth $4,087,000 after acquiring an additional 24,102 shares in the last quarter. Divisadero Street Capital Management LP acquired a new stake in shares of Johnson Outdoors in the third quarter valued at approximately $7,676,000. Finally, CSM Advisors LLC lifted its position in shares of Johnson Outdoors by 34.0% in the third quarter. CSM Advisors LLC now owns 89,365 shares of the company’s stock worth $3,609,000 after purchasing an additional 22,675 shares in the last quarter. 64.05% of the stock is owned by institutional investors and hedge funds.

Johnson Outdoors Company Profile

(Get Free Report)

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.

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