Johnson Outdoors Inc. (JOUT) Shares Up 6%
Johnson Outdoors Inc. (NASDAQ:JOUT) shares shot up 6% on Wednesday . The stock traded as high as $31.42 and last traded at $30.84, with a volume of 104,678 shares. The stock had previously closed at $29.09.
Several research firms have recently weighed in on JOUT. Imperial Capital began coverage on Johnson Outdoors in a research note on Wednesday. They issued an “outperform” rating and a $40.00 price target for the company. TheStreet raised Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Friday, May 6th.
The stock has a market capitalization of $300.64 million and a P/E ratio of 18.16. The company has a 50 day moving average of $28.79 and a 200 day moving average of $24.78.
Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.68 earnings per share (EPS) for the quarter. The firm earned $139.30 million during the quarter, compared to the consensus estimate of $140.88 million. On average, equities research analysts forecast that Johnson Outdoors Inc. will post $1.60 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 28th. Shareholders of record on Thursday, July 14th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, July 12th. This represents a $0.32 annualized dividend and a yield of 1.05%.
In other Johnson Outdoors news, CFO David W. Johnson sold 3,000 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $28.53, for a total transaction of $85,590.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
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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