Edward Stevens Sells 6,250 Shares of Johnson Outdoors (NASDAQ:JOUT) Stock

Key Points

• Director Edward Stevens sold 6,250 Johnson Outdoors shares at an average price of $47.86, generating $299,125 and reducing his position by 37% to 10,640 shares.
• Johnson Outdoors shares traded near $47.91, while the company reported quarterly EPS of $1.42—beating estimates of $0.68—and revenue of $189.73 million, ahead of expectations.
• The company maintains a quarterly dividend of $0.33, equivalent to an annualized $1.32 payout and a 2.8% yield, while analysts’ average rating remains “Reduce.”

Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report) Director Edward Stevens sold 6,250 shares of Johnson Outdoors stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $47.86, for a total value of $299,125.00. Following the completion of the transaction, the director owned 10,640 shares in the company, valued at $509,230.40. This trade represents a 37.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Johnson Outdoors Trading Up 0.1%

Shares of JOUT traded up $0.06 during midday trading on Wednesday, hitting $47.91. 6,043 shares of the company's stock traded hands, compared to its average volume of 67,352. The stock has a market capitalization of $502.09 million, a price-to-earnings ratio of -56.36, a price-to-earnings-growth ratio of 2.37 and a beta of 0.81. Johnson Outdoors Inc. has a 1 year low of $35.65 and a 1 year high of $53.54. The firm's fifty day moving average is $46.25 and its 200-day moving average is $47.06.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.74. The business had revenue of $189.73 million during the quarter, compared to analysts' expectations of $186.19 million. Johnson Outdoors had a negative net margin of 1.21% and a positive return on equity of 4.26%. On average, equities research analysts anticipate that Johnson Outdoors Inc. will post 1.45 EPS for the current year.

Johnson Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 16th were issued a $0.33 dividend. The ex-dividend date was Thursday, July 16th. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. Johnson Outdoors's dividend payout ratio (DPR) is presently -155.29%.

Analyst Ratings Changes

JOUT has been the subject of several research reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Johnson Outdoors in a research note on Wednesday, August 5th. Wall Street Zen cut shares of Johnson Outdoors from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Johnson Outdoors presently has an average rating of "Reduce".

Institutional Trading of Johnson Outdoors

Institutional investors and hedge funds have recently made changes to their positions in the company. Corient Private Wealth LLC acquired a new stake in shares of Johnson Outdoors in the 2nd quarter valued at approximately $1,528,000. Two Sigma Investments LP lifted its stake in shares of Johnson Outdoors by 429.5% during the 3rd quarter. Two Sigma Investments LP now owns 56,159 shares of the company's stock worth $2,268,000 after buying an additional 45,552 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Johnson Outdoors by 74.4% during the fourth quarter. AQR Capital Management LLC now owns 100,125 shares of the company's stock worth $4,250,000 after buying an additional 42,715 shares in the last quarter. CSM Advisors LLC grew its position in shares of Johnson Outdoors by 42.0% during the 4th quarter. CSM Advisors LLC now owns 126,885 shares of the company's stock worth $5,387,000 after purchasing an additional 37,520 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in Johnson Outdoors by 92.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 68,157 shares of the company's stock valued at $2,893,000 after purchasing an additional 32,668 shares in the last quarter. 64.05% of the stock is currently owned by institutional investors and hedge funds.

About Johnson Outdoors

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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