Dimensional Fund Advisors LP cut its holdings in shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 7.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 354,397 shares of the company's stock after selling 28,289 shares during the quarter. Dimensional Fund Advisors LP owned about 3.40% of Johnson Outdoors worth $16,483,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of JOUT. Allspring Global Investments Holdings LLC raised its stake in Johnson Outdoors by 19.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 119,451 shares of the company's stock valued at $5,606,000 after purchasing an additional 19,769 shares during the last quarter. Gamco Investors INC. ET AL grew its position in Johnson Outdoors by 4.4% in the 4th quarter. Gamco Investors INC. ET AL now owns 418,100 shares of the company's stock worth $17,748,000 after purchasing an additional 17,700 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Johnson Outdoors by 235.4% during the 1st quarter. Ritholtz Wealth Management now owns 17,380 shares of the company's stock worth $808,000 after purchasing an additional 12,198 shares during the period. Illumine Investment Management LLC bought a new position in shares of Johnson Outdoors during the 1st quarter worth about $955,000. Finally, North Star Investment Management Corp. raised its position in shares of Johnson Outdoors by 51.4% during the first quarter. North Star Investment Management Corp. now owns 52,700 shares of the company's stock valued at $2,451,000 after buying an additional 17,899 shares during the last quarter. 64.05% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on JOUT shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Johnson Outdoors in a research note on Wednesday. Wall Street Zen downgraded Johnson Outdoors from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Finally, Zacks Research lowered Johnson Outdoors from a "strong-buy" rating to a "hold" rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Reduce".
View Our Latest Stock Report on Johnson Outdoors
Johnson Outdoors Trading Up 1.4%
NASDAQ JOUT opened at $48.22 on Friday. Johnson Outdoors Inc. has a 1-year low of $34.69 and a 1-year high of $53.54. The company has a market capitalization of $505.35 million, a price-to-earnings ratio of -31.72, a PEG ratio of 4.53 and a beta of 0.81. The stock's 50 day moving average is $45.89 and its two-hundred day moving average is $46.94.
Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last posted its earnings results on Friday, August 7th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $0.68 by $0.74. Johnson Outdoors had a positive return on equity of 2.52% and a negative net margin of 2.33%.The business had revenue of $189.73 million during the quarter, compared to the consensus estimate of $186.19 million. On average, analysts predict that Johnson Outdoors Inc. will post 0.75 earnings per share for the current year.
Johnson Outdoors Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 16th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $1.32 annualized dividend and a dividend yield of 2.7%. Johnson Outdoors's dividend payout ratio (DPR) is presently -86.84%.
About Johnson Outdoors
(
Free Report)
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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