Johnson Outdoors Inc. (JOUT) Reaches New 52-Week High at $29.97
Johnson Outdoors Inc. (NASDAQ:JOUT)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.97 and last traded at $29.65, with a volume of 13,899 shares trading hands. The stock had previously closed at $29.65.
Several equities analysts have recently issued reports on JOUT shares. Zacks Investment Research downgraded shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research note 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 stock has a market capitalization of $289.11 million and a P/E ratio of 14.67. The firm has a 50 day moving average of $26.44 and a 200-day moving average of $23.47.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 28th. Shareholders of record on Thursday, July 14th will be issued 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 yield of 1.09%.
An institutional investor recently raised its position in Johnson Outdoors stock. Dimensional Fund Advisors LP boosted its position in Johnson Outdoors Inc. (NASDAQ:JOUT) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 about 7.62% of Johnson Outdoors worth $16,360,000 at the end of the most recent reporting period.
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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