Skylands Capital LLC Has $4.87 Million Stock Position in Johnson Outdoors Inc. (NASDAQ:JOUT)

Skylands Capital LLC boosted its position in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 20.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 195,950 shares of the company's stock after purchasing an additional 33,750 shares during the period. Skylands Capital LLC owned about 1.90% of Johnson Outdoors worth $4,867,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Johnson Outdoors by 5,310.7% in the 1st 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. Two Sigma Advisers LP lifted its stake in Johnson Outdoors by 47.7% in the 4th quarter. Two Sigma Advisers LP now owns 10,834 shares of the company's stock valued at $358,000 after purchasing an additional 3,500 shares during the last quarter. Two Sigma Investments LP lifted its stake in Johnson Outdoors by 164.9% in the 4th quarter. Two Sigma Investments LP now owns 21,006 shares of the company's stock valued at $693,000 after purchasing an additional 13,076 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in Johnson Outdoors in the 4th quarter valued at about $236,000. Finally, ProShare Advisors LLC lifted its stake in Johnson Outdoors by 18.2% in the 4th quarter. ProShare Advisors LLC now owns 231,016 shares of the company's stock valued at $7,624,000 after purchasing an additional 35,612 shares during the last quarter. 64.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Outdoors Stock Performance

Shares of NASDAQ:JOUT opened at $29.26 on Friday. Johnson Outdoors Inc. has a 52-week low of $21.33 and a 52-week high of $43.13. The company has a market capitalization of $302.26 million, a P/E ratio of -6.56 and a beta of 0.76. The company has a 50-day simple moving average of $26.93 and a 200 day simple moving average of $28.43.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm had revenue of $168.35 million for the quarter, compared to analysts' expectations of $178.27 million. Johnson Outdoors had a negative net margin of 8.23% and a negative return on equity of 9.90%. During the same period in the prior year, the firm earned $0.21 EPS. As a group, equities analysts forecast that Johnson Outdoors Inc. will post -0.58 earnings per share for the current year.

Johnson Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a $0.33 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.32 annualized dividend and a yield of 4.51%. Johnson Outdoors's dividend payout ratio is currently -29.60%.

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.

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