Insider Selling: Johnson Outdoors Inc. (JOUT) CFO Sells 1,000 Shares of Stock

Johnson Outdoors Inc. (NASDAQ:JOUT) CFO David W. Johnson sold 1,000 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $82.07, for a total value of $82,070.00. Following the sale, the chief financial officer now owns 14,958 shares in the company, valued at approximately $1,227,603.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Johnson Outdoors stock traded down $1.69 during trading hours on Friday, hitting $80.86. 43,769 shares of the stock traded hands, compared to its average volume of 36,576. The company has a market cap of $828.64 million, a PE ratio of 18.72 and a beta of 1.08. Johnson Outdoors Inc. has a 1 year low of $54.66 and a 1 year high of $107.36.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings results on Friday, May 3rd. The company reported $2.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.86 by $0.32. The business had revenue of $177.71 million for the quarter, compared to the consensus estimate of $171.80 million. Johnson Outdoors had a return on equity of 15.51% and a net margin of 8.13%. Analysts expect that Johnson Outdoors Inc. will post 4.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th were paid a dividend of $0.14 per share. The ex-dividend date was Wednesday, April 10th. This represents a $0.56 annualized dividend and a yield of 0.69%. Johnson Outdoors’s payout ratio is presently 11.94%.

Several analysts have weighed in on JOUT shares. ValuEngine downgraded Johnson Outdoors from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded Johnson Outdoors from a “strong sell” rating to a “strong-buy” rating and set a $72.00 price target on the stock in a research note on Thursday, February 14th. Imperial Capital boosted their price target on Johnson Outdoors from $75.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, BidaskClub upgraded Johnson Outdoors from a “strong sell” rating to a “sell” rating in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $83.50.

Institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC lifted its holdings in shares of Johnson Outdoors by 48.3% in the 4th quarter. Squarepoint Ops LLC now owns 8,128 shares of the company’s stock valued at $477,000 after buying an additional 2,648 shares during the period. Mesirow Financial Investment Management Inc. acquired a new position in shares of Johnson Outdoors in the 1st quarter valued at about $433,000. Geode Capital Management LLC lifted its holdings in shares of Johnson Outdoors by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 117,476 shares of the company’s stock valued at $6,900,000 after buying an additional 3,030 shares during the period. Alambic Investment Management L.P. lifted its holdings in shares of Johnson Outdoors by 178.0% in the 4th quarter. Alambic Investment Management L.P. now owns 26,948 shares of the company’s stock valued at $1,583,000 after buying an additional 17,253 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in shares of Johnson Outdoors by 54.4% in the 4th quarter. New York State Common Retirement Fund now owns 15,861 shares of the company’s stock valued at $932,000 after buying an additional 5,590 shares during the period. Institutional investors and hedge funds own 62.12% of the company’s stock.

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Johnson Outdoors Company Profile

Johnson Outdoors Inc designs, manufactures, and markets camping, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers electric motors for trolling or primary propulsion, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.

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