Wedge Capital Management L L P NC increased its position in Johnson Outdoors Inc. (NASDAQ:JOUT) by 164.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,884 shares of the company’s stock after acquiring an additional 14,839 shares during the quarter. Wedge Capital Management L L P NC owned about 0.24% of Johnson Outdoors worth $1,832,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Johnson Outdoors by 4.6% during the second quarter. BlackRock Inc. now owns 378,140 shares of the company’s stock valued at $28,198,000 after acquiring an additional 16,779 shares during the last quarter. Vanguard Group Inc. lifted its stake in Johnson Outdoors by 5.8% in the second quarter. Vanguard Group Inc. now owns 239,487 shares of the company’s stock worth $17,859,000 after acquiring an additional 13,168 shares during the period. State Street Corp raised its holdings in shares of Johnson Outdoors by 0.9% in the 3rd quarter. State Street Corp now owns 112,370 shares of the company’s stock valued at $6,580,000 after purchasing an additional 973 shares in the last quarter. Northern Trust Corp lifted its position in shares of Johnson Outdoors by 6.3% in the 2nd quarter. Northern Trust Corp now owns 98,790 shares of the company’s stock worth $7,366,000 after purchasing an additional 5,859 shares during the period. Finally, Nuveen Asset Management LLC bought a new position in shares of Johnson Outdoors during the second quarter valued at approximately $4,982,000. Institutional investors own 63.76% of the company’s stock.
NASDAQ:JOUT traded down $0.08 during trading hours on Friday, hitting $74.41. 25,085 shares of the company were exchanged, compared to its average volume of 36,459. The stock has a market capitalization of $750.41 million, a price-to-earnings ratio of 13.79 and a beta of 0.97. Johnson Outdoors Inc. has a 52-week low of $54.12 and a 52-week high of $91.90. The company’s 50 day moving average price is $76.50 and its 200-day moving average price is $65.76.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 9th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, January 8th. This represents a $0.68 annualized dividend and a yield of 0.91%. Johnson Outdoors’s dividend payout ratio (DPR) is presently 13.31%.
A number of research analysts have recently issued reports on the company. Zacks Investment Research upgraded Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $89.00 price target on the stock in a report on Saturday, December 14th. Sidoti lifted their price objective on shares of Johnson Outdoors from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Imperial Capital lifted their price target on shares of Johnson Outdoors from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. BidaskClub lowered Johnson Outdoors from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Finally, ValuEngine downgraded Johnson Outdoors from a “sell” rating to a “strong sell” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Johnson Outdoors presently has a consensus rating of “Hold” and a consensus target price of $86.33.
Johnson Outdoors Profile
Johnson Outdoors Inc designs, manufactures, and markets camping, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers electric motors for trolling or primary propulsion, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.
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