Johnson Outdoors Inc. (NASDAQ:JOUT) declared a quarterly dividend on Monday, June 1st, Wall Street Journal reports. Investors of record on Thursday, July 9th will be paid a dividend of 0.17 per share on Thursday, July 23rd. This represents a $0.68 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Wednesday, July 8th.
Johnson Outdoors has a payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings.
NASDAQ:JOUT opened at $92.73 on Tuesday. The firm’s fifty day moving average price is $80.85 and its two-hundred day moving average price is $71.00. The company has a market cap of $914.94 million, a P/E ratio of 17.70 and a beta of 0.92. Johnson Outdoors has a one year low of $48.76 and a one year high of $93.69.
Johnson Outdoors (NASDAQ:JOUT) last announced its earnings results on Tuesday, May 5th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.42. The company had revenue of $163.08 million during the quarter, compared to analysts’ expectations of $180.46 million. Johnson Outdoors had a net margin of 9.24% and a return on equity of 15.94%.
A number of equities research analysts have recently issued reports on JOUT shares. BidaskClub raised shares of Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 4th. ValuEngine raised shares of Johnson Outdoors from a “sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Finally, Zacks Investment Research raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Thursday, April 30th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $81.00.
An institutional investor recently raised its position in Johnson Outdoors stock. Morgan Stanley raised its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 241.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 36,008 shares of the company’s stock after purchasing an additional 25,477 shares during the quarter. Morgan Stanley owned approximately 0.36% of Johnson Outdoors worth $2,258,000 at the end of the most recent quarter. Institutional investors and hedge funds own 64.02% of the company’s stock.
About Johnson Outdoors
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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