International Assets Investment Management LLC Invests $3 Million in Johnson Outdoors Inc. (NASDAQ:JOUT)

International Assets Investment Management LLC purchased a new position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 56,091 shares of the company's stock, valued at approximately $2,996,000. International Assets Investment Management LLC owned approximately 0.55% of Johnson Outdoors at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in shares of Johnson Outdoors by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 625,314 shares of the company's stock worth $39,400,000 after purchasing an additional 14,706 shares during the last quarter. BlackRock Inc. raised its position in Johnson Outdoors by 0.3% during the 1st quarter. BlackRock Inc. now owns 459,019 shares of the company's stock worth $35,680,000 after buying an additional 1,413 shares during the last quarter. Vanguard Group Inc. lifted its stake in Johnson Outdoors by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 295,059 shares of the company's stock valued at $22,935,000 after acquiring an additional 4,254 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Johnson Outdoors by 2.3% in the 1st quarter. Renaissance Technologies LLC now owns 263,500 shares of the company's stock valued at $16,603,000 after acquiring an additional 5,800 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in shares of Johnson Outdoors by 3.0% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 153,440 shares of the company's stock worth $9,668,000 after acquiring an additional 4,400 shares during the period. Hedge funds and other institutional investors own 64.05% of the company's stock.

Johnson Outdoors Trading Up 1.6 %

JOUT traded up $0.68 during midday trading on Friday, hitting $43.46. 36,194 shares of the company were exchanged, compared to its average volume of 44,347. The firm has a market capitalization of $446.94 million, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 1.13 and a beta of 0.74. Johnson Outdoors Inc. has a 1-year low of $42.11 and a 1-year high of $64.71. The company's 50 day simple moving average is $44.57 and its 200 day simple moving average is $48.21.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last released its quarterly earnings data on Friday, February 2nd. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.15 by $0.23. The business had revenue of $138.64 million for the quarter, compared to analyst estimates of $140.44 million. Johnson Outdoors had a return on equity of 3.47% and a net margin of 2.82%. During the same quarter in the prior year, the firm posted $0.57 EPS. On average, equities analysts anticipate that Johnson Outdoors Inc. will post 2.67 EPS for the current year.

Johnson Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.04%. The ex-dividend date is Wednesday, April 10th. Johnson Outdoors's payout ratio is currently 77.19%.

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.