Teachers Advisors LLC Sells 364 Shares of Johnson Outdoors Inc. (JOUT)
Teachers Advisors LLC trimmed its holdings in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,535 shares of the company’s stock after selling 364 shares during the quarter. Teachers Advisors LLC owned about 0.10% of Johnson Outdoors worth $460,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. American International Group Inc. increased its position in Johnson Outdoors by 7.2% during the first quarter. American International Group Inc. now owns 3,020 shares of the company’s stock worth $110,000 after acquiring an additional 202 shares during the period. Smith Asset Management Group LP acquired a new stake in Johnson Outdoors during the second quarter worth about $149,000. ClariVest Asset Management LLC acquired a new stake in Johnson Outdoors during the second quarter worth about $174,000. First Trust Advisors LP acquired a new stake in Johnson Outdoors during the second quarter worth about $226,000. Finally, Wilen Investment Management CORP. acquired a new stake in Johnson Outdoors during the second quarter worth about $255,000. 59.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of Johnson Outdoors Inc. (NASDAQ JOUT) opened at $69.99 on Monday. Johnson Outdoors Inc. has a one year low of $31.25 and a one year high of $76.18. The firm has a market cap of $699.55, a P/E ratio of 25.00 and a beta of 0.69.
The business also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were paid a $0.10 dividend. This is an increase from Johnson Outdoors’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, October 12th. Johnson Outdoors’s dividend payout ratio (DPR) is presently 12.38%.
In related news, Director Thomas F. Pyle, Jr. sold 1,950 shares of Johnson Outdoors stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $64.23, for a total transaction of $125,248.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David W. Johnson sold 1,000 shares of Johnson Outdoors stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $67.02, for a total transaction of $67,020.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,950 shares of company stock worth $255,429. 28.42% of the stock is currently owned by corporate insiders.
JOUT has been the topic of a number of analyst reports. BidaskClub downgraded shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Imperial Capital increased their price objective on shares of Johnson Outdoors from $49.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. They noted that the move was a valuation call. Forward View upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective on the stock in a research note on Wednesday, August 9th. Finally, ValuEngine upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.00.
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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