Johnson Outdoors Inc. (NASDAQ:JOUT) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 208,900 shares, a growth of 25.8% from the May 30th total of 166,000 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average daily trading volume, of 46,900 shares, the short-interest ratio is presently 4.5 days.

NASDAQ:JOUT traded up $1.28 during mid-day trading on Friday, reaching $74.39. The stock had a trading volume of 12,411 shares, compared to its average volume of 45,533. The stock has a market cap of $747.55 million, a price-to-earnings ratio of 15.86 and a beta of 0.97. Johnson Outdoors has a twelve month low of $54.66 and a twelve month high of $107.36. The firm’s 50 day moving average price is $76.65.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings data on Friday, May 3rd. The company reported $2.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.86 by $0.32. The firm had revenue of $177.71 million during the quarter, compared to the consensus estimate of $171.80 million. Johnson Outdoors had a net margin of 8.13% and a return on equity of 15.51%. On average, equities analysts forecast that Johnson Outdoors will post 4.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $0.56 dividend on an annualized basis and a yield of 0.75%. Johnson Outdoors’s dividend payout ratio (DPR) is presently 11.94%.

A number of equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine upgraded shares of USINAS SIDERURG/S from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th. Imperial Capital raised their price objective on shares of PARKER DRILLING/SH PAR $ from $20.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. Finally, BidaskClub upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $94.00.

In other news, CFO David W. Johnson sold 1,000 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $82.07, for a total transaction of $82,070.00. Following the completion of the sale, the chief financial officer now owns 14,958 shares in the company, valued at $1,227,603.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 18.60% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. THB Asset Management increased its holdings in Johnson Outdoors by 48.4% in the first quarter. THB Asset Management now owns 221,935 shares of the company’s stock valued at $15,837,000 after buying an additional 72,423 shares in the last quarter. Squarepoint Ops LLC increased its stake in shares of Johnson Outdoors by 48.3% during the 4th quarter. Squarepoint Ops LLC now owns 8,128 shares of the company’s stock worth $477,000 after purchasing an additional 2,648 shares in the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in shares of Johnson Outdoors during the 1st quarter worth approximately $433,000. Geode Capital Management LLC increased its stake in shares of Johnson Outdoors by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 117,476 shares of the company’s stock worth $6,900,000 after purchasing an additional 3,030 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Johnson Outdoors by 54.4% during the 4th quarter. New York State Common Retirement Fund now owns 15,861 shares of the company’s stock worth $932,000 after purchasing an additional 5,590 shares in the last quarter. 62.49% of the stock is owned by institutional investors.

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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