Johnson Outdoors Inc. (NASDAQ:JOUT) Shares Bought by Peapod Lane Capital LLC

Peapod Lane Capital LLC boosted its position in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 61.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 88,471 shares of the company's stock after purchasing an additional 33,659 shares during the quarter. Johnson Outdoors comprises about 2.5% of Peapod Lane Capital LLC's holdings, making the stock its 13th largest position. Peapod Lane Capital LLC owned 0.86% of Johnson Outdoors worth $2,198,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in Johnson Outdoors by 15.4% in the 4th quarter. US Bancorp DE now owns 3,477 shares of the company's stock valued at $115,000 after purchasing an additional 465 shares during the last quarter. Barclays PLC increased its stake in shares of Johnson Outdoors by 8.6% during 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 during the last quarter. Wells Fargo & Company MN increased its stake in shares of Johnson Outdoors by 26.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,788 shares of the company's stock valued at $92,000 after acquiring an additional 583 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Johnson Outdoors by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 124,539 shares of the company's stock valued at $4,111,000 after acquiring an additional 783 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Johnson Outdoors by 57.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,248 shares of the company's stock valued at $74,000 after acquiring an additional 820 shares during the last quarter. Institutional investors and hedge funds own 64.05% of the company's stock.

Johnson Outdoors Trading Down 2.6%

Shares of NASDAQ JOUT traded down $0.84 on Friday, reaching $31.20. 68,151 shares of the company traded hands, compared to its average volume of 48,154. Johnson Outdoors Inc. has a fifty-two week low of $21.33 and a fifty-two week high of $43.13. The company has a 50 day moving average of $28.60 and a 200 day moving average of $28.15. The stock has a market capitalization of $322.30 million, a PE ratio of -7.00 and a beta of 0.78.

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 analysts' consensus estimates of $0.21 by $0.01. Johnson Outdoors had a negative net margin of 8.23% and a negative return on equity of 9.90%. The company had revenue of $168.35 million during the quarter, compared to the consensus estimate of $178.27 million. During the same quarter in the prior year, the company posted $0.21 EPS. As a group, research analysts expect 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 will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Thursday, July 10th. Johnson Outdoors's dividend payout ratio is currently -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.