Johnson Outdoors Inc. (NASDAQ:JOUT – Get Rating) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 178,100 shares, a growth of 8.4% from the February 13th total of 164,300 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average daily volume of 51,000 shares, the days-to-cover ratio is currently 3.5 days.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on Johnson Outdoors in a research report on Thursday. They set a “hold” rating on the stock.
Insider Buying and Selling
In related news, Director John M. Fahey, Jr. sold 4,239 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $63.94, for a total transaction of $271,041.66. Following the completion of the transaction, the director now directly owns 14,921 shares in the company, valued at approximately $954,048.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 27.53% of the company’s stock.
Institutional Investors Weigh In On Johnson Outdoors
Johnson Outdoors Price Performance
Johnson Outdoors stock opened at $59.82 on Friday. Johnson Outdoors has a 1-year low of $46.30 and a 1-year high of $84.54. The company has a market cap of $612.56 million, a PE ratio of 15.46, a price-to-earnings-growth ratio of 1.00 and a beta of 0.87. The stock’s 50 day moving average price is $65.38 and its 200 day moving average price is $59.69.
Johnson Outdoors (NASDAQ:JOUT – Get Rating) last posted its earnings results on Friday, February 3rd. The company reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. Johnson Outdoors had a return on equity of 8.14% and a net margin of 5.14%. The company had revenue of $178.34 million for the quarter, compared to the consensus estimate of $167.55 million. During the same period in the previous year, the business earned $1.07 earnings per share. On average, equities research analysts anticipate that Johnson Outdoors will post 4.19 EPS for the current fiscal year.
Johnson Outdoors Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 27th. Shareholders of record on Thursday, April 13th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, April 12th. This represents a $1.24 annualized dividend and a yield of 2.07%. Johnson Outdoors’s dividend payout ratio is presently 32.04%.
Johnson Outdoors Company Profile
Johnson Outdoors, Inc engages in the manufacturing and marketing of seasonal, outdoor recreation products. It operates through the following segments: Fishing, Camping, Watercraft Recreation, Diving, and Other. The Fishing segment includes the brands Minn Kota electric motors for quiet trolling or primary propulsion, marine battery chargers, and shallow water anchors, Humminbird sonar and GPS equipment for fishfinding, navigation and marine cartography, and Cannon downriggers for controlled-depth fishing.
- Get a free copy of the StockNews.com research report on Johnson Outdoors (JOUT)
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