Johnson Outdoors Inc. $JOUT Shares Acquired by Dean Capital Management

Key Points

• Dean Capital Management increased its holdings in Johnson Outdoors Inc. by 27.1% in Q1, owning approximately $1.58 million worth of shares.
• Johnson Outdoors reported earnings of $0.75 per share for the last quarter, significantly exceeding analysts' expectations of $0.24, despite a negative net margin of 7.02%.
• The company declared a quarterly dividend of $0.33 per share, resulting in an annualized yield of 3.2%.

Dean Capital Management increased its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 27.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,466 shares of the company's stock after buying an additional 13,524 shares during the period. Dean Capital Management owned about 0.61% of Johnson Outdoors worth $1,576,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its holdings in Johnson Outdoors by 127.5% during the first quarter. AQR Capital Management LLC now owns 33,515 shares of the company's stock worth $833,000 after buying an additional 18,782 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in Johnson Outdoors by 11.7% during the first quarter. Gamco Investors INC. ET AL now owns 397,117 shares of the company's stock worth $9,864,000 after buying an additional 41,717 shares in the last quarter. Gabelli Funds LLC boosted its holdings in Johnson Outdoors by 16.7% during the first quarter. Gabelli Funds LLC now owns 24,036 shares of the company's stock worth $597,000 after buying an additional 3,436 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Johnson Outdoors by 5.0% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 211,480 shares of the company's stock worth $5,253,000 after buying an additional 10,000 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Johnson Outdoors during the first quarter worth about $203,000. Hedge funds and other institutional investors own 64.05% of the company's stock.

Johnson Outdoors Price Performance

Shares of NASDAQ JOUT traded up $0.17 on Friday, hitting $40.67. The company's stock had a trading volume of 41,234 shares, compared to its average volume of 46,631. Johnson Outdoors Inc. has a 12-month low of $21.33 and a 12-month high of $42.88. The company has a market capitalization of $421.83 million, a price-to-earnings ratio of -10.51 and a beta of 0.85. The stock has a 50 day moving average of $36.86 and a 200-day moving average of $29.92.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.51. Johnson Outdoors had a negative net margin of 7.02% and a negative return on equity of 8.80%. The company had revenue of $180.66 million for the quarter, compared to the consensus estimate of $172.98 million. Sell-side analysts expect that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.

Johnson Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, July 10th. Johnson Outdoors's payout ratio is currently -34.11%.

Wall Street Analyst Weigh In

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 Company 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.