Deprince Race & Zollo Inc. Has $11.19 Million Holdings in Johnson Outdoors Inc. $JOUT

Key Points

• Deprince Race & Zollo Inc. reduced its stake in Johnson Outdoors by 20.1% in Q4, selling 66,123 shares and holding 263,613 shares worth $11.19 million (about 2.53% of the company) at quarter-end.
• Johnson Outdoors beat quarterly expectations (EPS -$0.33 vs. -$0.45; revenue $140.94M vs. $123.95M), announced a $0.33 quarterly dividend (≈2.6% yield), but still has a negative net margin and P/E and faces mixed analyst ratings averaging a "Moderate Buy."

Deprince Race & Zollo Inc. lessened its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 20.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 263,613 shares of the company's stock after selling 66,123 shares during the period. Deprince Race & Zollo Inc. owned about 2.53% of Johnson Outdoors worth $11,190,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of JOUT. Raymond James Financial Inc. purchased a new position in shares of Johnson Outdoors during the second quarter valued at approximately $52,000. Strs Ohio purchased a new position in shares of Johnson Outdoors during the third quarter valued at approximately $145,000. CWM LLC boosted its position in shares of Johnson Outdoors by 9.8% during the third quarter. CWM LLC now owns 4,454 shares of the company's stock valued at $180,000 after buying an additional 398 shares during the last quarter. Teton Advisors LLC purchased a new position in shares of Johnson Outdoors during the third quarter valued at approximately $202,000. Finally, Ritholtz Wealth Management purchased a new position in shares of Johnson Outdoors during the third quarter valued at approximately $202,000. Hedge funds and other institutional investors own 64.05% of the company's stock.

Wall Street Analysts Forecast Growth

JOUT has been the topic of several analyst reports. Wall Street Zen cut Johnson Outdoors from a "strong-buy" rating to a "buy" rating in a research report on Sunday, February 15th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Johnson Outdoors in a research report on Monday, December 29th. Finally, Zacks Research raised Johnson Outdoors from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".

Johnson Outdoors Trading Down 0.2%

JOUT stock opened at $51.50 on Tuesday. The stock's fifty day simple moving average is $47.74 and its two-hundred day simple moving average is $44.19. Johnson Outdoors Inc. has a 1-year low of $21.33 and a 1-year high of $52.30. The stock has a market cap of $536.12 million, a P/E ratio of -23.52, a P/E/G ratio of 3.21 and a beta of 0.82.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last posted its quarterly earnings data on Friday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.12. Johnson Outdoors had a positive return on equity of 0.83% and a negative net margin of 3.56%.The business had revenue of $140.94 million for the quarter, compared to analysts' expectations of $123.95 million. As a group, analysts forecast that Johnson Outdoors Inc. will post -0.58 earnings per share for the current fiscal year.

Johnson Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a $0.33 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $1.32 annualized dividend and a yield of 2.6%. Johnson Outdoors's payout ratio is currently -60.27%.

Insiders Place Their Bets

In other Johnson Outdoors news, Director Richard Casey Sheahan sold 7,580 shares of the business's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $49.77, for a total value of $377,256.60. Following the transaction, the director owned 5,739 shares of the company's stock, valued at approximately $285,630.03. The trade was a 56.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 28.21% of the company's stock.

About Johnson Outdoors

Johnson Outdoors Inc is a diversified outdoor recreation company that develops, manufactures and markets a broad range of gear and equipment for marine and land-based activities. The company operates through two primary segments: the Marine Electronics & Boat Group and the Outdoor Products Group. Its marine offerings include electric motors and anchors under the Minn Kota® brand, fish-finding and sonar systems under the Humminbird® brand, and a lineup of recreational watercraft under the Old Town® and Ocean Kayak® names.

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