Wallace Capital Management Inc. Sells 62,096 Shares of Johnson Outdoors Inc. (NASDAQ:JOUT)

Wallace Capital Management Inc. lessened its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 16.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 308,233 shares of the company's stock after selling 62,096 shares during the period. Johnson Outdoors accounts for approximately 1.4% of Wallace Capital Management Inc.'s holdings, making the stock its 16th biggest position. Wallace Capital Management Inc. owned about 2.98% of Johnson Outdoors worth $10,172,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. US Bancorp DE increased its stake in Johnson Outdoors by 15.4% in the 4th quarter. US Bancorp DE now owns 3,477 shares of the company's stock worth $115,000 after buying an additional 465 shares in the last quarter. Barclays PLC grew its position in shares of Johnson Outdoors by 8.6% during the fourth quarter. Barclays PLC now owns 7,141 shares of the company's stock valued at $236,000 after purchasing an additional 566 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Johnson Outdoors by 26.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,788 shares of the company's stock valued at $92,000 after purchasing an additional 583 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Johnson Outdoors by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 124,539 shares of the company's stock valued at $4,111,000 after purchasing an additional 783 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Johnson Outdoors by 57.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,248 shares of the company's stock valued at $74,000 after purchasing an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 64.05% of the company's stock.

Johnson Outdoors Price Performance

Shares of Johnson Outdoors stock traded down $0.36 during trading on Friday, reaching $26.44. 16,078 shares of the stock traded hands, compared to its average volume of 48,884. The company has a market capitalization of $273.23 million, a price-to-earnings ratio of -5.91 and a beta of 0.73. The business has a fifty day simple moving average of $24.45 and a two-hundred day simple moving average of $29.27. Johnson Outdoors Inc. has a 52-week low of $21.33 and a 52-week high of $43.13.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. The firm had revenue of $168.35 million during the quarter, compared to analyst estimates of $178.27 million. Johnson Outdoors had a negative return on equity of 9.62% and a negative net margin of 8.15%. During the same quarter last year, the business posted $0.21 earnings per share. On average, research analysts predict that Johnson Outdoors Inc. will post -0.58 earnings per share for the current fiscal 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 dividend on an annualized basis and a dividend yield of 4.99%. Johnson Outdoors's payout ratio is -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.