Unison Advisors LLC Takes $207,000 Position in Johnson Outdoors Inc. $JOUT

Key Points

• Unison Advisors LLC has acquired a new position in Johnson Outdoors Inc. valued at approximately $207,000 by purchasing 6,854 shares during the second quarter.
• The company reported a quarterly EPS of $0.75, exceeding analysts' estimates, but is forecasted to post a negative EPS of -0.58 for the current fiscal year.
• Johnson Outdoors has recently announced a quarterly dividend of $0.33 per share, with a dividend yield of 3.3% scheduled for payment on October 24th.

Unison Advisors LLC acquired a new position in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,854 shares of the company's stock, valued at approximately $207,000. Unison Advisors LLC owned 0.07% of Johnson Outdoors at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC raised its position in Johnson Outdoors by 49.0% in the 1st quarter. CWM LLC now owns 1,575 shares of the company's stock worth $39,000 after purchasing an additional 518 shares during the period. GAMMA Investing LLC raised its position in Johnson Outdoors by 5,310.7% in the 1st quarter. GAMMA Investing LLC now owns 3,030 shares of the company's stock worth $75,000 after purchasing an additional 2,974 shares during the period. EntryPoint Capital LLC purchased a new stake in Johnson Outdoors in the 1st quarter worth about $203,000. Acadian Asset Management LLC raised its position in Johnson Outdoors by 17.3% in the 1st quarter. Acadian Asset Management LLC now owns 15,106 shares of the company's stock worth $374,000 after purchasing an additional 2,230 shares during the period. Finally, Nuveen LLC purchased a new stake in Johnson Outdoors in the 1st quarter worth about $395,000. 64.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Outdoors Stock Performance

Shares of NASDAQ:JOUT opened at $40.35 on Monday. The firm has a market cap of $418.43 million, a PE ratio of -10.43, a price-to-earnings-growth ratio of 2.74 and a beta of 0.85. The firm's 50 day simple moving average is $40.69 and its 200-day simple moving average is $32.65. Johnson Outdoors Inc. has a one year low of $21.33 and a one year high of $43.37.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.51. Johnson Outdoors had a negative net margin of 7.02% and a negative return on equity of 8.80%. The business had revenue of $180.66 million for the quarter, compared to analyst estimates of $172.98 million. Equities research analysts predict that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.

Johnson Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be paid a dividend of $0.33 per share. The ex-dividend date is Friday, October 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.3%. Johnson Outdoors's dividend payout ratio (DPR) is currently -34.11%.

Wall Street Analysts Forecast Growth

JOUT has been the topic of a number of recent analyst reports. Weiss Ratings reissued a "sell (d+)" rating on shares of Johnson Outdoors in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Johnson Outdoors from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Zacks Research lowered shares of Johnson Outdoors from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, Johnson Outdoors currently has a consensus rating of "Sell".

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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