Johnson Outdoors Inc. (NASDAQ:JOUT) Short Interest Update

Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 362,500 shares, an increase of 6.1% from the March 15th total of 341,600 shares. Based on an average daily volume of 43,400 shares, the days-to-cover ratio is currently 8.4 days. Currently, 4.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On Johnson Outdoors

Several hedge funds have recently modified their holdings of JOUT. Gamco Investors INC. ET AL boosted its stake in shares of Johnson Outdoors by 61.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 178,000 shares of the company's stock worth $9,509,000 after purchasing an additional 67,600 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Johnson Outdoors by 147.6% during the 1st quarter. First Trust Advisors LP now owns 110,968 shares of the company's stock worth $8,626,000 after acquiring an additional 66,158 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Johnson Outdoors during the 4th quarter worth about $2,996,000. Millennium Management LLC lifted its holdings in shares of Johnson Outdoors by 198.5% during the 4th quarter. Millennium Management LLC now owns 63,226 shares of the company's stock worth $4,181,000 after acquiring an additional 42,043 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Johnson Outdoors by 1,135.0% during the 3rd quarter. AQR Capital Management LLC now owns 44,670 shares of the company's stock worth $2,443,000 after acquiring an additional 41,053 shares during the period. 64.05% of the stock is owned by institutional investors and hedge funds.

Johnson Outdoors Stock Performance

NASDAQ JOUT traded down $0.13 during trading hours on Tuesday, reaching $42.61. The company's stock had a trading volume of 35,321 shares, compared to its average volume of 44,455. The stock has a market cap of $438.03 million, a PE ratio of 24.92, a PEG ratio of 1.15 and a beta of 0.74. Johnson Outdoors has a fifty-two week low of $42.20 and a fifty-two week high of $64.71. The company's 50-day moving average is $44.71 and its two-hundred day moving average is $48.38.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last issued its quarterly earnings data on Friday, February 2nd. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.23. The firm had revenue of $138.64 million for the quarter, compared to analysts' expectations of $140.44 million. Johnson Outdoors had a net margin of 2.82% and a return on equity of 3.47%. During the same period in the prior year, the company earned $0.57 EPS. Equities analysts expect that Johnson Outdoors will post 2.67 earnings per share for the current fiscal year.

Johnson Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 10th. This represents a $1.32 annualized dividend and a dividend yield of 3.10%. Johnson Outdoors's dividend payout ratio is currently 77.19%.

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.