Johnson Outdoors Inc. (JOUT) Sets New 52-Week High at $29.97
Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.97 and last traded at $29.65, with a volume of 13,899 shares traded. The stock had previously closed at $29.65.
A number of brokerages have recently issued reports on JOUT. Zacks Investment Research cut shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 6th. TheStreet raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, May 6th.
The firm’s 50-day moving average is $26.62 and its 200-day moving average is $23.56. The company has a market capitalization of $284.30 million and a P/E ratio of 14.42.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 28th. Shareholders of record on Thursday, July 14th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.13%. The ex-dividend date is Tuesday, July 12th.
A hedge fund recently raised its stake in Johnson Outdoors stock. Dimensional Fund Advisors LP raised its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 0.3% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 747,386 shares of the company’s stock after buying an additional 2,559 shares during the period. Dimensional Fund Advisors LP owned about 7.62% of Johnson Outdoors worth $16,360,000 as of its most recent filing with the SEC.
Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment’s brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment’s brands are Eureka!, Jetboil and Silva.
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