Johnson Outdoors Inc. (JOUT) Reaches New 12-Month High at $27.42
Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $27.42 and last traded at $26.99, with a volume of 14,463 shares traded. The stock had previously closed at $26.66.
Several analysts have recently weighed in on JOUT shares. Zacks Investment Research lowered shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 6th. TheStreet upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, May 6th.
The firm has a market cap of $265.35 million and a price-to-earnings ratio of 13.46. The firm’s 50 day moving average is $25.72 and its 200 day moving average is $23.07.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 28th. Stockholders of record on Thursday, July 14th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, July 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.18%.
An institutional investor recently raised its position in Johnson Outdoors stock. Dimensional Fund Advisors LP raised its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 747,386 shares of the company’s stock after buying an additional 2,559 shares during the period. Dimensional Fund Advisors LP owned 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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