Johnson Financial Group Inc. raised its stake in Johnson Outdoors Inc. (NASDAQ:JOUT) by 0.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,871,992 shares of the company’s stock after acquiring an additional 400 shares during the quarter. Johnson Outdoors makes up approximately 13.0% of Johnson Financial Group Inc.’s investment portfolio, making the stock its largest position. Johnson Financial Group Inc. owned 19.06% of Johnson Outdoors worth $90,249,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. LSV Asset Management raised its holdings in Johnson Outdoors by 31.9% in the 1st quarter. LSV Asset Management now owns 243,295 shares of the company’s stock valued at $8,880,000 after buying an additional 58,788 shares during the last quarter. AQR Capital Management LLC bought a new position in Johnson Outdoors in the 1st quarter valued at approximately $1,883,000. FMR LLC increased its position in Johnson Outdoors by 52.8% during the 1st quarter. FMR LLC now owns 138,613 shares of the company’s stock valued at $5,059,000 after purchasing an additional 47,913 shares during the period. Vanguard Group Inc. increased its position in Johnson Outdoors by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 196,830 shares of the company’s stock valued at $7,184,000 after purchasing an additional 24,147 shares during the period. Finally, Bowling Portfolio Management LLC acquired a new stake in Johnson Outdoors during the 2nd quarter valued at approximately $1,152,000. 59.48% of the stock is owned by hedge funds and other institutional investors.
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Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) traded up 0.08% during trading on Friday, reaching $64.30. The company’s stock had a trading volume of 19,613 shares. The stock’s 50 day moving average is $60.27 and its 200 day moving average is $46.03. The firm has a market cap of $632.20 million, a P/E ratio of 19.86 and a beta of 0.74. Johnson Outdoors Inc. has a one year low of $31.25 and a one year high of $66.53.
Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings data on Friday, August 4th. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.63. The company had revenue of $155.27 million during the quarter, compared to analysts’ expectations of $149.29 million. Johnson Outdoors had a net margin of 6.85% and a return on equity of 12.90%. On average, equities analysts forecast that Johnson Outdoors Inc. will post $3.49 EPS for the current fiscal year.
In other news, Director Terry E. London sold 1,127 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $59.81, for a total value of $67,405.87. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas F. Pyle, Jr. sold 1,000 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $63.16, for a total transaction of $63,160.00. The disclosure for this sale can be found here. Corporate insiders own 28.03% of the company’s stock.
A number of analysts have weighed in on the stock. BidaskClub raised shares of Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Imperial Capital raised their price objective on shares of Johnson Outdoors from $49.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. They noted that the move was a valuation call. Forward View raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research raised shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective for the company in a research report on Wednesday, August 9th. Finally, ValuEngine upgraded Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $67.00.
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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