Allspring Global Investments Holdings LLC Decreases Position in Johnson Outdoors Inc. (NASDAQ:JOUT)

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

Other institutional investors have also bought and sold shares of the company. US Bancorp DE raised 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 during the last quarter. Barclays PLC raised its holdings in shares of Johnson Outdoors by 8.6% in the 4th quarter. Barclays PLC now owns 7,141 shares of the company's stock worth $236,000 after acquiring an additional 566 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Johnson Outdoors by 26.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,788 shares of the company's stock worth $92,000 after acquiring an additional 583 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Johnson Outdoors by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 124,539 shares of the company's stock worth $4,111,000 after acquiring an additional 783 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Johnson Outdoors by 57.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,248 shares of the company's stock worth $74,000 after acquiring an additional 820 shares during the last quarter. Institutional investors own 64.05% of the company's stock.

Johnson Outdoors Trading Down 2.6%

Shares of JOUT traded down $0.84 on Friday, reaching $31.20. The company's stock had a trading volume of 68,151 shares, compared to its average volume of 48,334. Johnson Outdoors Inc. has a twelve month low of $21.33 and a twelve month high of $43.13. The stock has a market capitalization of $322.42 million, a PE ratio of -7.00 and a beta of 0.78. The firm has a fifty day moving average of $28.47 and a 200-day moving average of $28.18.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last posted 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 firm had revenue of $168.35 million during the quarter, compared to analyst estimates of $178.27 million. Johnson Outdoors had a negative net margin of 8.23% and a negative return on equity of 9.90%. During the same quarter last year, the business posted $0.21 EPS. As a group, 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 will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.32 annualized dividend and a yield of 4.23%. Johnson Outdoors's dividend payout ratio (DPR) is -29.60%.

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.