Johnson Outdoors Inc. (NASDAQ:JOUT) Stake Boosted by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its stake in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 31.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,397 shares of the company's stock after purchasing an additional 10,300 shares during the period. Ameriprise Financial Inc. owned 0.42% of Johnson Outdoors worth $1,432,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. US Bancorp DE increased its stake in Johnson Outdoors by 15.4% during the 4th quarter. US Bancorp DE now owns 3,477 shares of the company's stock valued at $115,000 after buying an additional 465 shares during the period. 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. Wells Fargo & Company MN increased its stake in shares of Johnson Outdoors by 26.4% during 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 during the period. Geode Capital Management LLC increased its stake in shares of Johnson Outdoors by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 124,539 shares of the company's stock valued at $4,111,000 after acquiring an additional 783 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in Johnson Outdoors by 57.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,248 shares of the company's stock worth $74,000 after purchasing an additional 820 shares in the last quarter. Institutional investors own 64.05% of the company's stock.

Johnson Outdoors Stock Down 1.5%

JOUT traded down $0.43 during trading on Wednesday, reaching $27.34. The stock had a trading volume of 32,670 shares, compared to its average volume of 48,920. The stock has a 50 day moving average of $24.77 and a two-hundred day moving average of $28.93. The firm has a market capitalization of $282.53 million, a price-to-earnings ratio of -6.12 and a beta of 0.73. Johnson Outdoors Inc. has a 1-year low of $21.33 and a 1-year high of $43.13.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.01. The company had revenue of $168.35 million for the quarter, compared to the consensus estimate of $178.27 million. Johnson Outdoors had a negative return on equity of 9.62% and a negative net margin of 8.15%. During the same quarter in the previous year, the business earned $0.21 EPS. On average, research analysts forecast that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.

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.