Nuveen LLC Buys Shares of 15,918 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 purchased a new stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,918 shares of the company's stock, valued at approximately $395,000. Nuveen LLC owned approximately 0.15% of Johnson Outdoors at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of JOUT. CWM LLC grew its holdings in shares of Johnson Outdoors by 49.0% during the first quarter. CWM LLC now owns 1,575 shares of the company's stock worth $39,000 after purchasing an additional 518 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Johnson Outdoors by 57.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,248 shares of the company's stock worth $74,000 after buying an additional 820 shares in the last quarter. GAMMA Investing LLC grew its holdings in Johnson Outdoors by 5,310.7% during the 1st quarter. GAMMA Investing LLC now owns 3,030 shares of the company's stock worth $75,000 after acquiring an additional 2,974 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Johnson Outdoors by 26.4% during 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. Finally, Barclays PLC increased its position in Johnson Outdoors by 8.6% in the 4th quarter. Barclays PLC now owns 7,141 shares of the company's stock valued at $236,000 after acquiring an additional 566 shares in the last quarter. Institutional investors own 64.05% of the company's stock.

Johnson Outdoors Stock Down 3.5%

JOUT stock traded down $1.47 during midday trading on Wednesday, reaching $40.12. The stock had a trading volume of 58,487 shares, compared to its average volume of 49,158. The firm has a market cap of $416.04 million, a price-to-earnings ratio of -10.37 and a beta of 0.85. Johnson Outdoors Inc. has a twelve month low of $21.33 and a twelve month high of $42.88. The business has a fifty day simple moving average of $36.51 and a two-hundred day simple moving average of $29.71.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.51. Johnson Outdoors had a negative net margin of 7.02% and a negative return on equity of 8.80%. The company had revenue of $180.66 million for the quarter, compared to the consensus estimate of $172.98 million. On average, equities analysts predict that Johnson Outdoors Inc. will post -0.58 earnings per share for the current fiscal year.

Johnson Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were paid a $0.33 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.32 dividend on an annualized basis and a yield of 3.3%. Johnson Outdoors's dividend payout ratio (DPR) is presently -34.11%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Johnson Outdoors from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th.

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.