Insider Selling: Johnson Outdoors (NASDAQ:JOUT) Director Sells 2,000 Shares of Stock

Johnson Outdoors Inc. (NASDAQ:JOUT) Director Edward Lang sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $43.94, for a total transaction of $87,880.00. Following the sale, the director owned 32,171 shares in the company, valued at $1,413,593.74. The trade was a 5.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Johnson Outdoors Price Performance

JOUT traded down $0.10 during trading on Wednesday, reaching $43.82. 121,333 shares of the stock were exchanged, compared to its average volume of 51,702. The business’s 50 day moving average price is $40.87 and its two-hundred day moving average price is $37.49. Johnson Outdoors Inc. has a 1 year low of $21.33 and a 1 year high of $48.50. The company has a market capitalization of $454.50 million, a price-to-earnings ratio of -13.08, a P/E/G ratio of 2.92 and a beta of 0.99.

Johnson Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 22nd. Investors of record on Thursday, January 8th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, January 8th. This represents a $1.32 annualized dividend and a yield of 3.0%. Johnson Outdoors’s dividend payout ratio is -39.40%.

Analyst Ratings Changes

JOUT has been the subject of several research analyst reports. Zacks Research upgraded Johnson Outdoors from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Wall Street Zen cut shares of Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Johnson Outdoors in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Institutional Trading of Johnson Outdoors

Several institutional investors and hedge funds have recently bought and sold shares of JOUT. Jacobs Levy Equity Management Inc. grew its holdings in shares of Johnson Outdoors by 56.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 66,558 shares of the company’s stock valued at $2,688,000 after acquiring an additional 24,088 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Johnson Outdoors by 46.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,289 shares of the company’s stock worth $254,000 after buying an additional 1,980 shares during the period. Dean Capital Management raised its stake in Johnson Outdoors by 31.3% during the 3rd quarter. Dean Capital Management now owns 101,177 shares of the company’s stock valued at $4,087,000 after purchasing an additional 24,102 shares during the last quarter. Divisadero Street Capital Management LP acquired a new position in shares of Johnson Outdoors during the third quarter valued at about $7,676,000. Finally, CSM Advisors LLC lifted its position in shares of Johnson Outdoors by 34.0% in the 3rd quarter. CSM Advisors LLC now owns 89,365 shares of the company’s stock worth $3,609,000 after acquiring an additional 22,675 shares during the period. Institutional investors and hedge funds own 64.05% of the company’s stock.

About Johnson Outdoors

Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.