BlackRock Inc. Has $21.86 Million Holdings in Johnson Outdoors (JOUT)

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.

How to Become a New Pot Stock Millionaire

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.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Friday, February 2nd. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.63. Johnson Outdoors had a net margin of 6.10% and a return on equity of 15.95%. The firm had revenue of $116.58 million during the quarter, compared to analysts’ expectations of $97.22 million. analysts anticipate that Johnson Outdoors will post 3.83 earnings per share for the current year.

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.

TRADEMARK VIOLATION NOTICE: This piece was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece can be read at https://www.chaffeybreeze.com/2018/04/17/blackrock-inc-has-21-86-million-holdings-in-johnson-outdoors-jout.html.

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.

Want to see what other hedge funds are holding JOUT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson Outdoors (NASDAQ:JOUT).

Institutional Ownership by Quarter for Johnson Outdoors (NASDAQ:JOUT)

Receive News & Ratings for Johnson Outdoors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Outdoors and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply