Wallace Capital Management Inc. Has $10.17 Million Position in Johnson Outdoors Inc. (NASDAQ:JOUT)

Wallace Capital Management Inc. decreased its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 16.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 308,233 shares of the company's stock after selling 62,096 shares during the quarter. Johnson Outdoors makes up about 1.4% of Wallace Capital Management Inc.'s investment portfolio, making the stock its 16th largest position. Wallace Capital Management Inc. owned approximately 2.98% of Johnson Outdoors worth $10,172,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Barclays PLC raised its position in shares of Johnson Outdoors by 182.9% during the third quarter. Barclays PLC now owns 6,575 shares of the company's stock worth $238,000 after acquiring an additional 4,251 shares during the last quarter. Diversified Investment Strategies LLC increased its holdings in Johnson Outdoors by 3.7% in the fourth quarter. Diversified Investment Strategies LLC now owns 43,194 shares of the company's stock valued at $1,425,000 after purchasing an additional 1,529 shares during the last quarter. Empowered Funds LLC grew its stake in Johnson Outdoors by 4.9% in the fourth quarter. Empowered Funds LLC now owns 19,314 shares of the company's stock valued at $637,000 after acquiring an additional 903 shares during the period. Legato Capital Management LLC grew its stake in Johnson Outdoors by 91.2% in the fourth quarter. Legato Capital Management LLC now owns 31,406 shares of the company's stock valued at $1,036,000 after acquiring an additional 14,977 shares during the period. Finally, Peapod Lane Capital LLC acquired a new position in Johnson Outdoors in the fourth quarter valued at about $1,809,000. Institutional investors own 64.05% of the company's stock.

Johnson Outdoors Stock Performance

NASDAQ:JOUT traded up $0.67 on Thursday, reaching $26.80. The company's stock had a trading volume of 35,126 shares, compared to its average volume of 49,320. Johnson Outdoors Inc. has a 1-year low of $21.33 and a 1-year high of $43.13. The firm has a market cap of $276.95 million, a PE ratio of -6.00 and a beta of 0.73. The business's 50-day moving average price is $24.43 and its two-hundred day moving average price is $29.35.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. Johnson Outdoors had a negative return on equity of 9.62% and a negative net margin of 8.15%. The firm had revenue of $168.35 million during the quarter, compared to analysts' expectations of $178.27 million. During the same period in the previous year, the firm earned $0.21 earnings per share. As a group, sell-side analysts expect that Johnson Outdoors Inc. will post -0.58 EPS for the current year.

Johnson Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.32 annualized dividend and a dividend yield of 4.93%. Johnson Outdoors's dividend payout ratio is currently -29.60%.

Johnson Outdoors Company Profile

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.