Johnson Outdoors Inc. (JOUT) Reaches New 12-Month High at $28.69
Johnson Outdoors Inc. (NASDAQ:JOUT) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $28.69 and last traded at $28.40, with a volume of 30,972 shares trading hands. The stock had previously closed at $26.95.
JOUT has been the subject of several recent research reports. TheStreet raised Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, May 6th. Zacks Investment Research cut Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 6th.
The stock’s 50 day moving average price is $26.12 and its 200-day moving average price is $23.32. The firm has a market capitalization of $280.08 million and a P/E ratio of 14.21.
The firm also recently disclosed 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.12%. 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 position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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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