BlackRock Inc. cut its holdings in Johnson Outdoors (NASDAQ:JOUT) by 1.3% in the 4th quarter, Holdings Channel reports. The fund owned 352,068 shares of the company’s stock after selling 4,461 shares during the period. BlackRock Inc.’s holdings in Johnson Outdoors were worth $21,860,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Bank of Montreal Can grew its stake in shares of Johnson Outdoors by 38.4% during the 4th quarter. Bank of Montreal Can now owns 4,521 shares of the company’s stock valued at $281,000 after buying an additional 1,255 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Johnson Outdoors during the 3rd quarter valued at $325,000. Cigna Investments Inc. New grew its stake in shares of Johnson Outdoors by 56.8% during the 4th quarter. Cigna Investments Inc. New now owns 5,706 shares of the company’s stock valued at $354,000 after buying an additional 2,068 shares during the period. Strs Ohio grew its stake in shares of Johnson Outdoors by 9.8% during the 4th quarter. Strs Ohio now owns 11,200 shares of the company’s stock valued at $695,000 after buying an additional 1,000 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Johnson Outdoors by 108.1% during the 4th quarter. American Century Companies Inc. now owns 11,453 shares of the company’s stock valued at $711,000 after buying an additional 5,949 shares during the period. Institutional investors own 62.74% of the company’s stock.
Shares of Johnson Outdoors stock opened at $66.32 on Tuesday. Johnson Outdoors has a twelve month low of $33.03 and a twelve month high of $76.18. The firm has a market cap of $638.92, a P/E ratio of 21.53 and a beta of 0.53.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 26th. Investors of record on Thursday, April 12th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.72%. This is a boost from Johnson Outdoors’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, April 11th. Johnson Outdoors’s dividend payout ratio is 15.58%.
A number of analysts recently weighed in on JOUT shares. Zacks Investment Research raised shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $73.00 price target for the company in a research report on Tuesday, December 19th. BidaskClub cut shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Sidoti started coverage on shares of Johnson Outdoors in a research report on Friday, January 19th. They set a “neutral” rating for the company. Finally, Imperial Capital upped their price target on shares of Johnson Outdoors from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Johnson Outdoors has an average rating of “Hold” and a consensus target price of $74.00.
Johnson Outdoors Company Profile
Johnson Outdoors Inc designs, manufactures, and markets outdoor equipment, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers battery-powered fishing 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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