Johnson Outdoors Inc. (JOUT) Stock Price Up 3.8%


Johnson Outdoors Inc. (NASDAQ:JOUT) shares rose 3.8% during mid-day trading on Friday . The stock traded as high as $35.68 and last traded at $35.48, with a volume of 64,542 shares trading hands. The stock had previously closed at $34.17.
Separately, Imperial Capital initiated coverage on Johnson Outdoors in a research report on Wednesday, August 24th. They set an “outperform” rating and a $40.00 target price on the stock.
The firm’s 50 day moving average is $31.31 and its 200-day moving average is $26.07. The stock has a market cap of $348.59 million, a price-to-earnings ratio of 21.06 and a beta of 1.01.

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Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Monday, August 8th. The company reported $0.68 EPS for the quarter. Johnson Outdoors had a return on equity of 8.26% and a net margin of 3.78%. The business earned $139.30 million during the quarter, compared to analyst estimates of $140.88 million. Analysts forecast that Johnson Outdoors Inc. will post $1.60 earnings per share for the current year.
In other news, CFO David W. Johnson sold 3,000 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $35.53, for a total transaction of $106,590.00. Following the completion of the transaction, the chief financial officer now directly owns 23,695 shares in the company, valued at $841,883.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 28.42% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC raised its position in Johnson Outdoors by 729.0% in the second quarter. Acrospire Investment Management LLC now owns 4,203 shares of the company’s stock valued at $108,000 after buying an additional 3,696 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Johnson Outdoors by 1,046.9% in the second quarter. O Shaughnessy Asset Management LLC now owns 6,113 shares of the company’s stock worth $157,000 after buying an additional 5,580 shares during the period. Walleye Trading LLC raised its position in Johnson Outdoors by 124.1% in the second quarter. Walleye Trading LLC now owns 6,500 shares of the company’s stock worth $167,000 after buying an additional 3,600 shares during the period. Springbok Capital Management LLC raised its position in Johnson Outdoors by 35.3% in the first quarter. Springbok Capital Management LLC now owns 8,206 shares of the company’s stock worth $182,000 after buying an additional 2,143 shares during the period. Finally, Algert Global LLC bought a new position in Johnson Outdoors during the second quarter worth about $217,000. Institutional investors and hedge funds own 61.97% of the company’s stock.
Johnson Outdoors Company Profile
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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