Johnson Outdoors Inc. (NASDAQ:JOUT) Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. cut its position in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,700,195 shares of the company's stock after selling 18,440 shares during the period. Johnson Outdoors comprises about 2.7% of Johnson Financial Group Inc.'s portfolio, making the stock its 6th largest position. Johnson Financial Group Inc. owned approximately 16.46% of Johnson Outdoors worth $56,106,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE raised its stake 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 buying an additional 465 shares during the period. Barclays PLC increased its holdings in shares of Johnson Outdoors by 8.6% in the fourth quarter. Barclays PLC now owns 7,141 shares of the company's stock worth $236,000 after acquiring an additional 566 shares in the last quarter. Wells Fargo & Company MN raised 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 worth $92,000 after purchasing an additional 583 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Johnson Outdoors by 0.6% during the 4th 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% in the 4th 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 during the period. 64.05% of the stock is owned by institutional investors.

Johnson Outdoors Stock Performance

JOUT stock traded up $0.12 during mid-day trading on Thursday, hitting $22.95. 8,122 shares of the company were exchanged, compared to its average volume of 51,175. Johnson Outdoors Inc. has a 1-year low of $21.33 and a 1-year high of $43.13. The firm's 50 day simple moving average is $24.55 and its 200 day simple moving average is $30.13. The firm has a market cap of $237.17 million, a P/E ratio of -5.13 and a beta of 0.74.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported ($1.49) EPS for the quarter, missing analysts' consensus estimates of ($1.30) by ($0.19). 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 earned $0.38 EPS. On average, equities research analysts predict that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.

Johnson Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.75%. The ex-dividend date was Thursday, April 10th. Johnson Outdoors's payout ratio is -29.53%.

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.