Skylands Capital LLC Raises Stake in Johnson Outdoors Inc. (NASDAQ:JOUT)

Skylands Capital LLC boosted its position in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 38.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 95,400 shares of the company's stock after purchasing an additional 26,742 shares during the period. Skylands Capital LLC owned about 0.93% of Johnson Outdoors worth $5,096,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in Johnson Outdoors by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 133,370 shares of the company's stock worth $7,294,000 after purchasing an additional 5,900 shares in the last quarter. Russell Investments Group Ltd. grew its position in Johnson Outdoors by 19.2% in the 4th quarter. Russell Investments Group Ltd. now owns 115,725 shares of the company's stock worth $6,182,000 after purchasing an additional 18,607 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of Johnson Outdoors by 39.3% during the 3rd quarter. Gamco Investors INC. ET AL now owns 110,400 shares of the company's stock valued at $6,038,000 after acquiring an additional 31,172 shares during the period. North Star Investment Management Corp. grew its position in shares of Johnson Outdoors by 18.5% during the 4th quarter. North Star Investment Management Corp. now owns 76,300 shares of the company's stock valued at $4,076,000 after acquiring an additional 11,900 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Johnson Outdoors by 2.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 76,188 shares of the company's stock valued at $4,167,000 after acquiring an additional 2,055 shares during the period. 64.05% of the stock is owned by institutional investors.

Johnson Outdoors Price Performance

Shares of Johnson Outdoors stock traded down $0.73 on Monday, reaching $41.02. 66,137 shares of the company traded hands, compared to its average volume of 44,246. Johnson Outdoors Inc. has a 52 week low of $40.99 and a 52 week high of $64.71. The company has a 50 day moving average of $44.14 and a 200 day moving average of $47.66. The firm has a market capitalization of $421.69 million, a PE ratio of 24.12, a PEG ratio of 1.12 and a beta of 0.74.

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

Johnson Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Wednesday, April 10th. Johnson Outdoors's dividend payout ratio is currently 77.19%.

Johnson Outdoors 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.