Hotchkis & Wiley Capital Management LLC Buys 10,000 Shares of Johnson Outdoors Inc. $JOUT

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Johnson Outdoors Inc. by 5.0%, purchasing an additional 10,000 shares for a total ownership of 211,480 shares valued at approximately $5.25 million.
• Johnson Outdoors reported stronger-than-expected quarterly earnings, with $0.75 EPS that surpassed the consensus estimate of $0.24, and revenues of $180.66 million against an expected $172.98 million.
• The company declared a quarterly dividend of $0.33 per share, representing a dividend yield of 3.2%, despite having a negative dividend payout ratio of -34.11%.

Hotchkis & Wiley Capital Management LLC boosted its stake in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 5.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 211,480 shares of the company's stock after purchasing an additional 10,000 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 2.05% of Johnson Outdoors worth $5,253,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JOUT. CWM LLC increased its holdings in Johnson Outdoors by 49.0% in the first quarter. CWM LLC now owns 1,575 shares of the company's stock valued at $39,000 after purchasing an additional 518 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Johnson Outdoors by 57.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,248 shares of the company's stock valued at $74,000 after purchasing an additional 820 shares during the last quarter. GAMMA Investing LLC increased its holdings in Johnson Outdoors by 5,310.7% in the first quarter. GAMMA Investing LLC now owns 3,030 shares of the company's stock valued at $75,000 after purchasing an additional 2,974 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Johnson Outdoors by 26.4% in the fourth quarter. Wells Fargo & Company MN now owns 2,788 shares of the company's stock valued at $92,000 after purchasing an additional 583 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Johnson Outdoors in the first quarter valued at about $203,000. Institutional investors own 64.05% of the company's stock.

Johnson Outdoors Price Performance

Shares of Johnson Outdoors stock opened at $41.76 on Tuesday. Johnson Outdoors Inc. has a 1 year low of $21.33 and a 1 year high of $42.48. The business has a 50-day moving average of $33.95 and a two-hundred day moving average of $28.76. The company has a market capitalization of $433.05 million, a P/E ratio of -10.79 and a beta of 0.81.

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, topping the consensus estimate of $0.24 by $0.51. Johnson Outdoors had a negative return on equity of 8.80% and a negative net margin of 7.02%.The company had revenue of $180.66 million during the quarter, compared to the consensus estimate of $172.98 million. On average, equities analysts anticipate that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.

Johnson Outdoors Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded 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.

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