Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) hit a new 52-week high during trading on Monday . The company traded as high as $92.09 and last traded at $92.09, with a volume of 343 shares traded. The stock had previously closed at $90.75.
Several equities research analysts have recently weighed in on JOUT shares. Zacks Investment Research raised Johnson Outdoors from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Thursday, April 30th. BidaskClub upgraded Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 4th. Finally, ValuEngine raised Johnson Outdoors from a “sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $81.00.
The firm’s 50-day moving average price is $81.41 and its 200 day moving average price is $71.09. The firm has a market cap of $934.90 million, a P/E ratio of 17.37 and a beta of 0.92.
Johnson Outdoors (NASDAQ:JOUT) last released its earnings results on Tuesday, May 5th. The company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.42. The firm had revenue of $163.08 million during the quarter, compared to the consensus estimate of $180.46 million. Johnson Outdoors had a return on equity of 15.94% and a net margin of 9.24%.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Thursday, July 9th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Wednesday, July 8th.
Several large investors have recently made changes to their positions in the business. Johnson Financial Group Inc. raised its holdings in Johnson Outdoors by 0.8% in the 1st quarter. Johnson Financial Group Inc. now owns 1,632,663 shares of the company’s stock worth $102,368,000 after acquiring an additional 13,008 shares during the period. BlackRock Inc. lifted its holdings in shares of Johnson Outdoors by 4.5% during the 1st quarter. BlackRock Inc. now owns 418,182 shares of the company’s stock worth $26,220,000 after acquiring an additional 18,199 shares during the period. Acadian Asset Management LLC lifted its stake in Johnson Outdoors by 19.2% during the first quarter. Acadian Asset Management LLC now owns 203,621 shares of the company’s stock worth $12,766,000 after purchasing an additional 32,858 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Johnson Outdoors by 3.6% in the 1st quarter. Wells Fargo & Company MN now owns 121,818 shares of the company’s stock worth $7,638,000 after purchasing an additional 4,199 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Johnson Outdoors by 4.1% during the 1st quarter. Geode Capital Management LLC now owns 106,634 shares of the company’s stock worth $6,685,000 after acquiring an additional 4,152 shares during the last quarter. 64.02% of the stock is owned by institutional investors.
About Johnson Outdoors (NASDAQ:JOUT)
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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