Sei Investments Co. Raises Stock Position in Johnson Outdoors Inc. $JOUT

Key Points

• Sei Investments more than doubled its Johnson Outdoors stake by 120.4% in the first quarter, ending with 50,559 shares worth approximately $2.35 million. Institutional investors collectively own 64.05% of the company.
• Analyst sentiment remains cautious: Johnson Outdoors has a consensus rating of “Reduce”, with one analyst rating it “Hold” and another “Sell.”
• The company reported quarterly EPS of $1.42, beating estimates of $0.68, and revenue of $189.73 million versus expectations of $186.19 million. It also paid a quarterly dividend of $0.33 per share, representing a 2.7% annualized yield.

Sei Investments Co. grew its holdings in shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 120.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,559 shares of the company's stock after buying an additional 27,621 shares during the quarter. Sei Investments Co. owned 0.49% of Johnson Outdoors worth $2,352,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Corient Private Wealth LLC bought a new stake in Johnson Outdoors during the second quarter worth approximately $1,528,000. Two Sigma Investments LP lifted its stake in shares of Johnson Outdoors by 429.5% in the 3rd quarter. Two Sigma Investments LP now owns 56,159 shares of the company's stock valued at $2,268,000 after purchasing an additional 45,552 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Johnson Outdoors by 74.4% in the 4th quarter. AQR Capital Management LLC now owns 100,125 shares of the company's stock worth $4,250,000 after purchasing an additional 42,715 shares during the period. CSM Advisors LLC increased its position in shares of Johnson Outdoors by 42.0% during the 4th quarter. CSM Advisors LLC now owns 126,885 shares of the company's stock valued at $5,387,000 after purchasing an additional 37,520 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its position in shares of Johnson Outdoors by 92.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 68,157 shares of the company's stock valued at $2,893,000 after purchasing an additional 32,668 shares during the last quarter. Hedge funds and other institutional investors own 64.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JOUT. Weiss Ratings restated a "sell (d-)" rating on shares of Johnson Outdoors in a report on Wednesday. Wall Street Zen cut shares of Johnson Outdoors from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Johnson Outdoors currently has a consensus rating of "Reduce".

Johnson Outdoors Price Performance

Shares of NASDAQ JOUT opened at $48.22 on Friday. Johnson Outdoors Inc. has a 1 year low of $34.69 and a 1 year high of $53.54. The firm has a 50-day simple moving average of $45.89 and a two-hundred day simple moving average of $46.94. The company has a market cap of $505.35 million, a P/E ratio of -56.73, a PEG ratio of 4.59 and a beta of 0.81.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last released its earnings results on Friday, August 7th. The company reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.74. Johnson Outdoors had a positive return on equity of 2.52% and a negative net margin of 2.33%.The firm had revenue of $189.73 million for the quarter, compared to analysts' expectations of $186.19 million. As a group, equities research analysts expect that Johnson Outdoors Inc. will post 0.75 EPS for the current year.

Johnson Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 16th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, July 16th. Johnson Outdoors's dividend payout ratio is -86.84%.

Johnson Outdoors Profile

Johnson Outdoors Inc is a diversified outdoor recreation company that develops, manufactures and markets a broad range of gear and equipment for marine and land-based activities. The company operates through two primary segments: the Marine Electronics & Boat Group and the Outdoor Products Group. Its marine offerings include electric motors and anchors under the Minn Kota® brand, fish-finding and sonar systems under the Humminbird® brand, and a lineup of recreational watercraft under the Old Town® and Ocean Kayak® names.

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