Stock Analysis

Have Insiders Sold Johnson Outdoors Inc. (NASDAQ:JOUT) Shares Recently?

  •  Updated
NasdaqGS:JOUT
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Anyone interested in Johnson Outdoors Inc. (NASDAQ:JOUT) should probably be aware that the Independent Director, John Fahey, recently divested US$127k worth of shares in the company, at an average price of US$127 each. On the bright side, that sale was only 5.3% of their holding, so we doubt it's very meaningful, on its own.

See our latest analysis for Johnson Outdoors

Johnson Outdoors Insider Transactions Over The Last Year

The Independent Director, Terry London, made the biggest insider sale in the last 12 months. That single transaction was for US$528k worth of shares at a price of US$87.83 each. So it's clear an insider wanted to take some cash off the table, even below the current price of US$123. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 26% of Terry London's holding.

Johnson Outdoors insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
NasdaqGS:JOUT Insider Trading Volume February 23rd 2021

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of Johnson Outdoors

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Johnson Outdoors insiders own 30% of the company, currently worth about US$375m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Johnson Outdoors Tell Us?

Insiders haven't bought Johnson Outdoors stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Johnson Outdoors is growing earnings. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Johnson Outdoors. For example - Johnson Outdoors has 2 warning signs we think you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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About NasdaqGS:JOUT

Johnson Outdoors

Johnson Outdoors Inc. designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide.

The Snowflake is a visual investment summary with the score of each axis being calculated by 6 checks in 5 areas.

Analysis AreaScore (0-6)
Valuation3
Future Growth3
Past Performance1
Financial Health6
Dividends2

Read more about these checks in the individual report sections or in our analysis model.

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