Johnson Outdoors Inc. (JOUT) Director Thomas F. Pyle, Jr. Sells 1,950 Shares of Stock
Johnson Outdoors Inc. (NASDAQ:JOUT) Director Thomas F. Pyle, Jr. sold 1,950 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $64.23, for a total transaction of $125,248.50. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Thomas F. Pyle, Jr. also recently made the following trade(s):
- On Monday, September 11th, Thomas F. Pyle, Jr. sold 1,000 shares of Johnson Outdoors stock. The shares were sold at an average price of $63.16, for a total transaction of $63,160.00.
Shares of Johnson Outdoors Inc. (JOUT) traded up 1.26% during mid-day trading on Friday, hitting $65.06. 81,971 shares of the stock were exchanged. Johnson Outdoors Inc. has a 12 month low of $31.25 and a 12 month high of $66.53. The stock’s 50 day moving average is $60.69 and its 200 day moving average is $46.24. The firm has a market cap of $639.67 million, a P/E ratio of 20.09 and a beta of 0.74.
Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Friday, August 4th. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.02 by $0.63. The firm had revenue of $155.27 million for the quarter, compared to analyst estimates of $149.29 million. Johnson Outdoors had a return on equity of 12.90% and a net margin of 6.85%. Analysts expect that Johnson Outdoors Inc. will post $3.49 EPS for the current fiscal year.
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A number of research analysts have issued reports on JOUT shares. Forward View reissued a “buy” rating and set a $72.00 price objective on shares of Johnson Outdoors in a research report on Sunday, September 3rd. Zacks Investment Research downgraded shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub downgraded shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. ValuEngine raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Imperial Capital boosted their price objective on shares of Johnson Outdoors from $49.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $67.00.
Institutional investors have recently made changes to their positions in the company. American International Group Inc. increased its stake in shares of Johnson Outdoors by 7.2% during the first quarter. American International Group Inc. now owns 3,020 shares of the company’s stock valued at $110,000 after buying an additional 202 shares during the period. Smith Asset Management Group LP purchased a new position in shares of Johnson Outdoors during the second quarter valued at $149,000. Bank of Montreal Can increased its stake in shares of Johnson Outdoors by 36.3% during 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. ClariVest Asset Management LLC purchased a new position in shares of Johnson Outdoors during the second quarter valued at $174,000. Finally, Nordea Investment Management AB purchased a new position in shares of Johnson Outdoors during the second quarter valued at $174,000. Hedge funds and other institutional investors own 59.48% of the company’s 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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