Jacobs Levy Equity Management Inc. Purchases 18,448 Shares of Johnson Outdoors Inc. (NASDAQ:JOUT)

Jacobs Levy Equity Management Inc. increased its position in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 82.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,899 shares of the company's stock after buying an additional 18,448 shares during the period. Jacobs Levy Equity Management Inc. owned 0.40% of Johnson Outdoors worth $1,350,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in JOUT. Tower Research Capital LLC TRC boosted its stake in Johnson Outdoors by 57.4% during 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 last quarter. Quantbot Technologies LP acquired a new position in Johnson Outdoors during the 4th quarter valued at about $77,000. Wells Fargo & Company MN boosted its stake in Johnson Outdoors by 26.4% during the 4th 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 during the last quarter. US Bancorp DE boosted 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 valued at $115,000 after purchasing an additional 465 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Johnson Outdoors during the 4th quarter valued at about $211,000. 64.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Outdoors Stock Up 0.9%

JOUT stock traded up $0.25 during mid-day trading on Thursday, reaching $26.38. 15,076 shares of the company traded hands, compared to its average volume of 49,285. The stock has a market cap of $272.56 million, a price-to-earnings ratio of -5.90 and a beta of 0.73. Johnson Outdoors Inc. has a fifty-two week low of $21.33 and a fifty-two week high of $43.13. The firm's 50 day moving average price is $24.40 and its 200 day moving average price is $29.38.

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 (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 business had revenue of $168.35 million during the quarter, compared to the consensus estimate of $178.27 million. During the same quarter in the previous year, the business earned $0.21 EPS. On average, analysts anticipate that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.

Johnson Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.32 annualized dividend and a dividend yield of 5.00%. 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.