American Century Companies Inc. Increases Stock Position in Johnson Outdoors Inc. $JOUT

Key Points

• American Century Companies Inc. significantly increased its stake in Johnson Outdoors Inc. by 94.7%, owning 17,089 shares valued at approximately $424,000 as of the end of the first quarter.
• Several other institutional investors, including CWM LLC and GAMMA Investing LLC, also raised their holdings in Johnson Outdoors, indicating growing interest in the company.
• Johnson Outdoors recently reported earnings of $0.75 per share, exceeding analyst expectations, despite forecasts predicting a challenging year ahead with an expected earnings per share of -0.58.

American Century Companies Inc. grew its position in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 94.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,089 shares of the company's stock after acquiring an additional 8,313 shares during the period. American Century Companies Inc. owned about 0.17% of Johnson Outdoors worth $424,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC boosted its holdings in shares of Johnson Outdoors by 49.0% in the first quarter. CWM LLC now owns 1,575 shares of the company's stock valued at $39,000 after acquiring an additional 518 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Johnson Outdoors by 57.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,248 shares of the company's stock valued at $74,000 after acquiring an additional 820 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Johnson Outdoors by 26.4% in the fourth quarter. Wells Fargo & Company MN now owns 2,788 shares of the company's stock valued at $92,000 after acquiring an additional 583 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Johnson Outdoors by 5,310.7% in the first quarter. GAMMA Investing LLC now owns 3,030 shares of the company's stock valued at $75,000 after acquiring an additional 2,974 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Johnson Outdoors by 8.6% in the fourth quarter. Barclays PLC now owns 7,141 shares of the company's stock valued at $236,000 after acquiring an additional 566 shares in the last quarter. Hedge funds and other institutional investors own 64.05% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Johnson Outdoors from a "hold" rating to a "buy" rating in a report on Saturday, August 9th.

Johnson Outdoors Stock Performance

JOUT stock traded up $0.38 during trading on Thursday, reaching $40.50. 29,760 shares of the company were exchanged, compared to its average volume of 48,817. The company has a market cap of $420.07 million, a P/E ratio of -10.47 and a beta of 0.85. Johnson Outdoors Inc. has a 52-week low of $21.33 and a 52-week high of $42.88. The stock's 50 day moving average price is $36.68 and its 200 day moving average price is $29.80.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.51. The firm had revenue of $180.66 million for the quarter, compared to the consensus estimate of $172.98 million. Johnson Outdoors had a negative net margin of 7.02% and a negative return on equity of 8.80%. As a group, equities research analysts forecast that Johnson Outdoors Inc. will post -0.58 EPS for the current year.

Johnson Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.32 dividend on an annualized basis and a yield of 3.3%. Johnson Outdoors's payout ratio is currently -34.11%.

Johnson Outdoors Profile

Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.