Johnson Outdoors (NASDAQ:JOUT) Upgraded at StockNews.com

StockNews.com upgraded shares of Johnson Outdoors (NASDAQ:JOUT) from a hold rating to a buy rating in a report released on Friday.

Johnson Outdoors Price Performance

Shares of NASDAQ:JOUT opened at $52.55 on Friday. The business has a 50 day simple moving average of $51.76 and a two-hundred day simple moving average of $56.27. Johnson Outdoors has a 1 year low of $47.00 and a 1 year high of $71.88. The firm has a market capitalization of $538.64 million, a PE ratio of 11.92, a price-to-earnings-growth ratio of 1.01 and a beta of 0.80.

Johnson Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were issued a dividend of $0.33 per share. This is a positive change from Johnson Outdoors’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, October 12th. This represents a $1.32 dividend on an annualized basis and a yield of 2.51%. Johnson Outdoors’s dividend payout ratio (DPR) is presently 29.93%.

Insider Buying and Selling at Johnson Outdoors

In related news, CFO David W. Johnson sold 1,000 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $54.85, for a total value of $54,850.00. Following the transaction, the chief financial officer now owns 26,857 shares of the company’s stock, valued at $1,473,106.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 27.53% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Johnson Outdoors

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in Johnson Outdoors by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 625,314 shares of the company’s stock valued at $39,400,000 after purchasing an additional 14,706 shares in the last quarter. BlackRock Inc. grew its position in shares of Johnson Outdoors by 0.3% in the 1st quarter. BlackRock Inc. now owns 459,019 shares of the company’s stock worth $35,680,000 after buying an additional 1,413 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Johnson Outdoors by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 295,059 shares of the company’s stock worth $22,935,000 after acquiring an additional 4,254 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Johnson Outdoors by 2.3% during the 1st quarter. Renaissance Technologies LLC now owns 263,500 shares of the company’s stock worth $16,603,000 after acquiring an additional 5,800 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in Johnson Outdoors by 14.4% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 175,500 shares of the company’s stock valued at $10,784,000 after acquiring an additional 22,060 shares during the last quarter. 60.10% of the stock is currently owned by institutional investors.

Johnson Outdoors Company Profile

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.