Johnson Outdoors Inc. (NASDAQ:JOUT – Get Rating) declared a quarterly dividend on Thursday, May 25th, Zacks reports. Shareholders of record on Thursday, July 13th will be paid a dividend of 0.31 per share on Thursday, July 27th. This represents a $1.24 annualized dividend and a yield of 2.11%. The ex-dividend date is Wednesday, July 12th.
Johnson Outdoors has raised its dividend payment by an average of 25.3% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Johnson Outdoors has a payout ratio of 21.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Johnson Outdoors to earn $5.90 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 21.0%.
Johnson Outdoors Stock Performance
NASDAQ:JOUT opened at $58.69 on Friday. The firm has a 50-day simple moving average of $60.14 and a 200-day simple moving average of $62.22. Johnson Outdoors has a one year low of $46.30 and a one year high of $73.43. The firm has a market cap of $601.57 million, a P/E ratio of 13.49, a P/E/G ratio of 0.88 and a beta of 0.87.
Analysts Set New Price Targets
Hedge Funds Weigh In On Johnson Outdoors
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in shares of Johnson Outdoors by 2.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 9,726 shares of the company’s stock worth $595,000 after buying an additional 227 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Johnson Outdoors by 16.6% during the 4th quarter. Legal & General Group Plc now owns 2,123 shares of the company’s stock valued at $140,000 after purchasing an additional 303 shares during the last quarter. Credit Suisse AG lifted its holdings in shares of Johnson Outdoors by 6.5% during the 3rd quarter. Credit Suisse AG now owns 5,098 shares of the company’s stock valued at $261,000 after purchasing an additional 311 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Johnson Outdoors by 0.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 40,396 shares of the company’s stock valued at $2,545,000 after purchasing an additional 363 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Johnson Outdoors by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 42,604 shares of the company’s stock valued at $2,186,000 after purchasing an additional 369 shares during the last quarter. Hedge funds and other institutional investors own 60.15% of the company’s stock.
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.
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