Johnson Outdoors Inc. (JOUT) to Issue Quarterly Dividend of $0.09 on October 27th
Johnson Outdoors Inc. (NASDAQ:JOUT) announced a quarterly dividend on Thursday, September 29th. Shareholders of record on Thursday, October 13th will be given a dividend of 0.09 per share on Thursday, October 27th. This represents a $0.36 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Tuesday, October 11th. This is a positive change from Johnson Outdoors’s previous quarterly dividend of $0.08.
Shares of Johnson Outdoors (NASDAQ:JOUT) opened at 37.14 on Thursday. The firm has a market capitalization of $364.90 million, a PE ratio of 22.04 and a beta of 1.05. The firm’s 50 day moving average is $33.76 and its 200 day moving average is $27.39. Johnson Outdoors has a 1-year low of $18.33 and a 1-year high of $37.49.
Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.68 earnings per share for the quarter. Johnson Outdoors had a net margin of 3.78% and a return on equity of 8.26%. The business had revenue of $139.30 million for the quarter, compared to analysts’ expectations of $140.88 million. Analysts anticipate that Johnson Outdoors will post $1.60 EPS for the current fiscal year.
In related news, CFO David W. Johnson sold 3,000 shares of Johnson Outdoors stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the sale, the chief financial officer now directly owns 23,695 shares in the company, valued at $841,883.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 28.42% of the company’s stock.
A number of large investors have recently modified their holdings of JOUT. Eagle Global Advisors LLC acquired a new stake in shares of Johnson Outdoors during the second quarter valued at approximately $323,000. State Street Corp boosted its stake in shares of Johnson Outdoors by 5.3% in the second quarter. State Street Corp now owns 86,814 shares of the company’s stock valued at $2,229,000 after buying an additional 4,372 shares during the period. Spark Investment Management LLC boosted its stake in shares of Johnson Outdoors by 173.6% in the second quarter. Spark Investment Management LLC now owns 30,100 shares of the company’s stock valued at $773,000 after buying an additional 19,100 shares during the period. Algert Global LLC acquired a new stake in shares of Johnson Outdoors during the second quarter valued at approximately $217,000. Finally, TFS Capital LLC acquired a new stake in shares of Johnson Outdoors during the second quarter valued at approximately $419,000. Hedge funds and other institutional investors own 61.97% of the company’s stock.
Separately, Imperial Capital initiated coverage on shares of Johnson Outdoors in a research note on Wednesday, August 24th. They set an “outperform” rating and a $40.00 price objective on the stock.
About Johnson Outdoors
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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