Johnson Outdoors Inc. (JOUT) Holdings Boosted by LSV Asset Management
LSV Asset Management raised its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT) by 7.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 262,083 shares of the company’s stock after buying an additional 18,788 shares during the quarter. LSV Asset Management owned 2.67% of Johnson Outdoors worth $12,635,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of JOUT. Bank of Montreal Can lifted its stake in Johnson Outdoors by 36.3% in the first quarter. Bank of Montreal Can now owns 4,758 shares of the company’s stock valued at $174,000 after buying an additional 1,268 shares during the period. Strs Ohio lifted its stake in Johnson Outdoors by 2.4% in the first quarter. Strs Ohio now owns 17,000 shares of the company’s stock valued at $620,000 after buying an additional 400 shares during the period. US Bancorp DE lifted its stake in Johnson Outdoors by 0.6% in the first quarter. US Bancorp DE now owns 28,917 shares of the company’s stock valued at $1,056,000 after buying an additional 171 shares during the period. Bank of New York Mellon Corp lifted its stake in Johnson Outdoors by 8.6% in the first quarter. Bank of New York Mellon Corp now owns 43,539 shares of the company’s stock valued at $1,590,000 after buying an additional 3,442 shares during the period. Finally, Oxford Asset Management acquired a new position in Johnson Outdoors in the first quarter valued at approximately $281,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) opened at 64.30 on Friday. Johnson Outdoors Inc. has a 12-month low of $31.25 and a 12-month high of $66.53. The company has a market cap of $632.20 million, a P/E ratio of 19.86 and a beta of 0.74. The stock’s 50 day moving average price is $60.27 and its 200 day moving average price is $46.03.
Johnson Outdoors (NASDAQ:JOUT) last released its earnings results on Friday, August 4th. The company reported $1.65 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.63. The company had revenue of $155.27 million during the quarter, compared to analysts’ expectations of $149.29 million. Johnson Outdoors had a return on equity of 12.90% and a net margin of 6.85%. On average, analysts forecast that Johnson Outdoors Inc. will post $3.49 EPS for the current year.
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JOUT has been the topic of several recent analyst reports. Zacks Investment Research lowered Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub lowered Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. ValuEngine raised Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Forward View raised Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Finally, Imperial Capital boosted their price target on Johnson Outdoors from $49.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. They noted that the move was a valuation call. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $67.00.
In other news, Director Terry E. London sold 1,127 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $59.81, for a total value of $67,405.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas F. Pyle, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $63.16, for a total value of $63,160.00. The disclosure for this sale can be found here. Company insiders own 28.03% of the company’s stock.
Johnson Outdoors Profile
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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