Nuveen LLC Invests $395,000 in Johnson Outdoors Inc. $JOUT

Key Points

• Nuveen LLC acquired 15,918 shares of Johnson Outdoors Inc. valued at approximately $395,000, representing around 0.15% ownership in the company as of the latest quarter.
• Other institutional investors have increased their stakes in Johnson Outdoors, with notable increases such as Diamond Hill Capital Management's holdings rising by 523.6%.
• Johnson Outdoors recently announced a quarterly dividend of $0.33 per share, yielding about 3.2%, despite having negative financial margins and a forecast of -0.58 earnings per share for the current year.

Nuveen LLC bought a new stake in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,918 shares of the company's stock, valued at approximately $395,000. Nuveen LLC owned about 0.15% of Johnson Outdoors at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC raised its holdings in shares of 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 raised its holdings in shares of 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. Wells Fargo & Company MN raised its holdings in shares of 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. GAMMA Investing LLC raised its holdings in shares of 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. Finally, Barclays PLC raised its holdings in shares of Johnson Outdoors by 8.6% in the fourth quarter. Barclays PLC now owns 7,141 shares of the company's stock valued at $236,000 after purchasing an additional 566 shares during the last quarter. Hedge funds and other institutional investors own 64.05% of the company's stock.

Wall Street Analyst Weigh In

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 Stock Performance

JOUT stock traded up $0.03 during mid-day trading on Friday, hitting $40.81. The company had a trading volume of 24,301 shares, compared to its average volume of 54,104. The firm has a market cap of $423.20 million, a PE ratio of -10.55 and a beta of 0.85. Johnson Outdoors Inc. has a 12 month low of $21.33 and a 12 month high of $42.88. The stock's fifty day moving average price is $35.91 and its two-hundred day moving average price is $29.46.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.24 by $0.51. The business had revenue of $180.66 million for the quarter, compared to analyst estimates of $172.98 million. Johnson Outdoors had a negative net margin of 7.02% and a negative return on equity of 8.80%. Equities analysts anticipate that Johnson Outdoors Inc. will post -0.58 earnings per share for the current year.

Johnson Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were given a $0.33 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.32 annualized dividend and a yield of 3.2%. Johnson Outdoors's payout ratio is currently -34.11%.

Johnson Outdoors 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.