Johnson Outdoors Inc. (NASDAQ:JOUT) Stake Boosted by Two Sigma Investments LP

Two Sigma Investments LP lifted its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 164.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,006 shares of the company's stock after buying an additional 13,076 shares during the quarter. Two Sigma Investments LP owned about 0.20% of Johnson Outdoors worth $693,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of JOUT. Tower Research Capital LLC TRC grew 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 worth $74,000 after purchasing an additional 820 shares during the period. Quantbot Technologies LP purchased a new position in shares of Johnson Outdoors during the 4th quarter worth about $77,000. Wells Fargo & Company MN lifted its holdings 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 worth $92,000 after acquiring an additional 583 shares during the period. US Bancorp DE increased its position in Johnson Outdoors by 15.4% during the 4th quarter. US Bancorp DE now owns 3,477 shares of the company's stock worth $115,000 after purchasing an additional 465 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Johnson Outdoors during the 4th quarter worth approximately $211,000. Hedge funds and other institutional investors own 64.05% of the company's stock.

Johnson Outdoors Trading Up 4.0%

NASDAQ:JOUT traded up $1.15 during trading hours on Wednesday, hitting $30.23. The stock had a trading volume of 61,509 shares, compared to its average volume of 48,708. Johnson Outdoors Inc. has a 1-year low of $21.33 and a 1-year high of $43.13. The business has a 50 day simple moving average of $25.18 and a two-hundred day simple moving average of $28.80. The company has a market cap of $312.40 million, a PE ratio of -6.76 and a beta of 0.76.

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, topping analysts' consensus estimates of $0.21 by $0.01. The business had revenue of $168.35 million during the quarter, compared to the consensus estimate of $178.27 million. Johnson Outdoors had a negative net margin of 8.15% and a negative return on equity of 9.62%. During the same quarter last year, the company earned $0.21 earnings per share. Research analysts expect that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.

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.