Allspring Global Investments Holdings LLC Has $1.41 Million Position in Johnson Outdoors Inc. (NASDAQ:JOUT)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 20.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,810 shares of the company's stock after selling 14,972 shares during the period. Allspring Global Investments Holdings LLC owned 0.55% of Johnson Outdoors worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in shares of Johnson Outdoors by 11.8% during the 4th quarter. Bank of New York Mellon Corp now owns 74,694 shares of the company's stock valued at $2,465,000 after acquiring an additional 7,861 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Johnson Outdoors by 15.4% in the 4th quarter. US Bancorp DE now owns 3,477 shares of the company's stock worth $115,000 after acquiring an additional 465 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Johnson Outdoors during the fourth quarter valued at approximately $1,695,000. Virtu Financial LLC bought a new stake in Johnson Outdoors during the 4th quarter worth about $211,000. Finally, Quantbot Technologies LP bought a new stake in shares of Johnson Outdoors in the 4th quarter valued at $77,000. 64.05% of the stock is currently owned by institutional investors.

Johnson Outdoors Stock Performance

NASDAQ JOUT traded up $0.80 during trading hours on Wednesday, reaching $32.76. 68,659 shares of the company's stock were exchanged, compared to its average volume of 48,220. Johnson Outdoors Inc. has a one year low of $21.33 and a one year high of $43.13. The company has a market capitalization of $338.41 million, a price-to-earnings ratio of -7.35 and a beta of 0.78. The company's 50-day moving average is $28.30 and its two-hundred day moving average is $28.19.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The company had revenue of $168.35 million during the quarter, compared to the consensus estimate of $178.27 million. Johnson Outdoors had a negative return on equity of 9.90% and a negative net margin of 8.23%. During the same quarter in the prior year, the firm posted $0.21 EPS. Research analysts predict that Johnson Outdoors Inc. will post -0.58 earnings per share for the current fiscal year.

Johnson Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Thursday, July 10th. Johnson Outdoors's payout ratio is currently -29.60%.

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.