Skylands Capital LLC Sells 29,636 Shares of Johnson Outdoors Inc. $JOUT

Key Points

• Skylands Capital sold 29,636 shares of Johnson Outdoors in Q4 (a 26.2% reduction), leaving it with 83,500 shares worth about $3.545 million, or roughly 0.80% of the company.
• Director Richard Casey Sheahan sold 7,580 shares at an average $49.77 on Feb 23, cutting his stake by 56.9% to 5,739 shares, and corporate insiders now hold 28.21% of the stock.
• Johnson Outdoors reported Q results with EPS of ($0.33) beating estimates and revenue of $140.94M, announced a quarterly dividend of $0.33/share (annualized $1.32, ~2.5% yield), while analysts' consensus rating is "Reduce."

Skylands Capital LLC lowered its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 26.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,500 shares of the company's stock after selling 29,636 shares during the period. Skylands Capital LLC owned about 0.80% of Johnson Outdoors worth $3,545,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of JOUT. AQR Capital Management LLC increased its position in shares of Johnson Outdoors by 127.5% during the 1st quarter. AQR Capital Management LLC now owns 33,515 shares of the company's stock valued at $833,000 after purchasing an additional 18,782 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Johnson Outdoors by 7.6% in the 1st quarter. Empowered Funds LLC now owns 20,782 shares of the company's stock worth $516,000 after buying an additional 1,468 shares during the last quarter. Acadian Asset Management LLC grew its position in Johnson Outdoors by 17.3% during the first quarter. Acadian Asset Management LLC now owns 15,106 shares of the company's stock valued at $374,000 after buying an additional 2,230 shares during the period. Geode Capital Management LLC increased its holdings in Johnson Outdoors by 2.6% during the second quarter. Geode Capital Management LLC now owns 135,841 shares of the company's stock worth $4,113,000 after buying an additional 3,408 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Johnson Outdoors by 3.7% during the second quarter. Rhumbline Advisers now owns 8,066 shares of the company's stock worth $244,000 after buying an additional 289 shares during the last quarter. Institutional investors own 64.05% of the company's stock.

Insider Activity

In other news, Director Richard Casey Sheahan sold 7,580 shares of the firm's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $49.77, for a total value of $377,256.60. Following the completion of the transaction, the director directly owned 5,739 shares of the company's stock, valued at $285,630.03. This trade represents a 56.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 28.21% of the stock is currently owned by corporate insiders.

Johnson Outdoors Stock Up 1.9%

NASDAQ JOUT opened at $52.60 on Tuesday. The company has a market cap of $547.51 million, a PE ratio of -24.02, a price-to-earnings-growth ratio of 3.20 and a beta of 0.82. Johnson Outdoors Inc. has a 52 week low of $22.02 and a 52 week high of $53.31. The firm's 50-day simple moving average is $48.32 and its two-hundred day simple moving average is $44.92.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last posted its quarterly earnings results on Friday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.12. The company had revenue of $140.94 million for the quarter, compared to analyst estimates of $123.95 million. Johnson Outdoors had a negative net margin of 3.56% and a positive return on equity of 0.83%. As a group, equities research analysts anticipate that Johnson Outdoors Inc. will post 1.15 EPS for the current year.

Johnson Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $1.32 dividend on an annualized basis and a yield of 2.5%. Johnson Outdoors's payout ratio is presently -60.27%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of Johnson Outdoors from a "strong-buy" rating to a "buy" rating in a research note on Sunday, February 15th. Weiss Ratings reiterated a "sell (d)" rating on shares of Johnson Outdoors in a research note on Monday, December 29th. Finally, Zacks Research lowered Johnson Outdoors from a "strong-buy" rating to a "hold" rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Reduce".

About Johnson Outdoors

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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