Millennium Management LLC Has $2.23 Million Stake in Johnson Outdoors Inc. (NASDAQ:JOUT)

Millennium Management LLC grew its position in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 30.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,520 shares of the company's stock after acquiring an additional 15,575 shares during the quarter. Millennium Management LLC owned 0.65% of Johnson Outdoors worth $2,228,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JOUT. Jacobs Levy Equity Management Inc. raised its stake in shares of Johnson Outdoors by 82.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 40,899 shares of the company's stock valued at $1,350,000 after purchasing an additional 18,448 shares in the last quarter. Deutsche Bank AG increased its holdings in Johnson Outdoors by 283.9% in the 4th quarter. Deutsche Bank AG now owns 9,604 shares of the company's stock valued at $317,000 after buying an additional 7,102 shares during the period. Dean Capital Management increased its holdings in Johnson Outdoors by 75.5% in the 4th quarter. Dean Capital Management now owns 49,942 shares of the company's stock valued at $1,648,000 after buying an additional 21,489 shares during the period. Bridgeway Capital Management LLC raised its stake in shares of Johnson Outdoors by 4.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 21,273 shares of the company's stock valued at $702,000 after buying an additional 903 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Johnson Outdoors by 31.1% during the 4th quarter. Ameriprise Financial Inc. now owns 43,397 shares of the company's stock worth $1,432,000 after acquiring an additional 10,300 shares during the period. Institutional investors own 64.05% of the company's stock.

Johnson Outdoors Price Performance

Shares of Johnson Outdoors stock traded up $1.25 during trading on Tuesday, hitting $27.77. 43,143 shares of the company's stock traded hands, compared to its average volume of 49,211. The company has a market cap of $286.98 million, a PE ratio of -6.21 and a beta of 0.73. The firm's fifty day moving average price is $24.68 and its 200 day moving average price is $28.95. Johnson Outdoors Inc. has a twelve month low of $21.33 and a twelve month high of $43.13.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.01. Johnson Outdoors had a negative net margin of 8.15% and a negative return on equity of 9.62%. The firm had revenue of $168.35 million during the quarter, compared to analysts' expectations of $178.27 million. During the same quarter last year, the company earned $0.21 earnings per share. As a group, equities research analysts anticipate that Johnson Outdoors Inc. will post -0.58 earnings per share for the current year.

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.