8,166 Shares in Johnson Outdoors Inc. $JOUT Acquired by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC acquired 8,166 shares of Johnson Outdoors Inc., valued at approximately $203,000, as detailed in their latest SEC filing.
• Johnson Outdoors reported quarterly earnings of $0.75 per share, significantly exceeding expectations, with revenues reaching $180.66 million.
• The company has declared a quarterly dividend of $0.33, representing a 3.2% dividend yield, despite a negative net margin of 7.02% and a negative return on equity of 8.80%.

EntryPoint Capital LLC purchased a new position in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,166 shares of the company's stock, valued at approximately $203,000. EntryPoint Capital LLC owned approximately 0.08% of Johnson Outdoors at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. American Century Companies Inc. grew its stake in Johnson Outdoors by 94.7% during the 1st quarter. American Century Companies Inc. now owns 17,089 shares of the company's stock valued at $424,000 after acquiring an additional 8,313 shares in the last quarter. Nuveen LLC purchased a new position in Johnson Outdoors during the 1st quarter valued at about $395,000. Diamond Hill Capital Management Inc. grew its stake in Johnson Outdoors by 523.6% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 55,143 shares of the company's stock valued at $1,370,000 after acquiring an additional 46,301 shares in the last quarter. Legato Capital Management LLC grew its stake in Johnson Outdoors by 27.2% during the 1st quarter. Legato Capital Management LLC now owns 39,941 shares of the company's stock valued at $992,000 after acquiring an additional 8,535 shares in the last quarter. Finally, CWM LLC grew its stake in Johnson Outdoors by 49.0% during the 1st 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. Hedge funds and other institutional investors own 64.05% of the company's stock.

Johnson Outdoors Stock Performance

Shares of NASDAQ JOUT traded down $1.23 during trading hours on Wednesday, hitting $41.14. The stock had a trading volume of 41,158 shares, compared to its average volume of 72,609. The company has a market capitalization of $426.62 million, a P/E ratio of -10.63 and a beta of 0.81. The firm's 50-day moving average price is $34.42 and its two-hundred day moving average price is $28.94. Johnson Outdoors Inc. has a 52 week low of $21.33 and a 52 week high of $42.88.

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

Johnson Outdoors Announces Dividend

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

Analyst Ratings Changes

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

About Johnson Outdoors

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.