Johnson Outdoors Inc. $JOUT Shares Purchased by Gamco Investors INC. ET AL

Key Points

• Gamco Investors Inc. increased its holdings in Johnson Outdoors Inc. by 11.7%, acquiring 41,717 shares and owning a total of 397,117 shares, valued at approximately $9.86 million.
• Several hedge funds have also increased their stakes in Johnson Outdoors, with institutional investors owning around 64.05% of the company's stock.
• Wall Street analysts recently upgraded Johnson Outdoors from a "hold" rating to a "buy" rating, indicating a positive outlook for the company's stock performance.

Gamco Investors INC. ET AL grew its stake in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 11.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 397,117 shares of the company's stock after purchasing an additional 41,717 shares during the quarter. Gamco Investors INC. ET AL owned approximately 3.84% of Johnson Outdoors worth $9,864,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. grew its position in shares of Johnson Outdoors by 31.1% in the fourth quarter. Ameriprise Financial Inc. now owns 43,397 shares of the company's stock valued at $1,432,000 after purchasing an additional 10,300 shares during the period. Two Sigma Investments LP grew its position in shares of Johnson Outdoors by 164.9% in the fourth quarter. Two Sigma Investments LP now owns 21,006 shares of the company's stock valued at $693,000 after purchasing an additional 13,076 shares during the period. Millennium Management LLC grew its position in shares of Johnson Outdoors by 30.0% in the fourth quarter. Millennium Management LLC now owns 67,520 shares of the company's stock valued at $2,228,000 after purchasing an additional 15,575 shares during the period. Peapod Lane Capital LLC boosted its position in Johnson Outdoors by 61.4% during the first quarter. Peapod Lane Capital LLC now owns 88,471 shares of the company's stock worth $2,198,000 after acquiring an additional 33,659 shares during the last quarter. Finally, Skylands Capital LLC boosted its position in Johnson Outdoors by 20.8% during the first quarter. Skylands Capital LLC now owns 195,950 shares of the company's stock worth $4,867,000 after acquiring an additional 33,750 shares during the last quarter. Institutional investors and hedge funds own 64.05% of the company's stock.

Johnson Outdoors Stock Performance

Shares of NASDAQ:JOUT traded down $0.26 during trading hours on Monday, reaching $40.32. The stock had a trading volume of 46,707 shares, compared to its average volume of 59,029. The firm's 50 day moving average is $34.86 and its 200-day moving average is $29.10. Johnson Outdoors Inc. has a 1 year low of $21.33 and a 1 year high of $42.88. The stock has a market capitalization of $418.12 million, a price-to-earnings ratio of -10.42 and a beta of 0.85.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last issued its 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 business had revenue of $180.66 million during the quarter, compared to analysts' expectations of $172.98 million. Analysts forecast that Johnson Outdoors Inc. will post -0.58 EPS for the current year.

Johnson Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were issued a $0.33 dividend. The ex-dividend date was Thursday, July 10th. This represents a $1.32 annualized dividend and a dividend yield of 3.3%. Johnson Outdoors's dividend payout ratio is presently -34.11%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded 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.