Renaissance Technologies LLC Trims Stake in Johnson Outdoors Inc. (NASDAQ:JOUT)

Renaissance Technologies LLC lowered its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,800 shares of the company's stock after selling 11,200 shares during the period. Renaissance Technologies LLC owned about 1.13% of Johnson Outdoors worth $3,854,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its stake in shares of Johnson Outdoors by 15.4% in the 4th quarter. US Bancorp DE now owns 3,477 shares of the company's stock valued at $115,000 after acquiring an additional 465 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Johnson Outdoors by 26.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,788 shares of the company's stock valued at $92,000 after acquiring an additional 583 shares during the last quarter. FMR LLC lifted its stake in shares of Johnson Outdoors by 94.0% in the 3rd quarter. FMR LLC now owns 1,335 shares of the company's stock valued at $48,000 after acquiring an additional 647 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Johnson Outdoors by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 124,539 shares of the company's stock valued at $4,111,000 after acquiring an additional 783 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Johnson Outdoors by 10.7% in the 4th quarter. American Century Companies Inc. now owns 8,776 shares of the company's stock valued at $290,000 after acquiring an additional 845 shares during the last quarter. Institutional investors own 64.05% of the company's stock.

Johnson Outdoors Price Performance

NASDAQ:JOUT traded down $0.20 during mid-day trading on Monday, reaching $23.38. 31,002 shares of the company's stock traded hands, compared to its average volume of 51,630. Johnson Outdoors Inc. has a 12-month low of $21.33 and a 12-month high of $43.13. The firm has a market capitalization of $241.61 million, a price-to-earnings ratio of -5.23 and a beta of 0.74. The company has a 50 day moving average price of $24.75 and a 200-day moving average price of $30.22.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The company reported ($1.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.30) by ($0.19). Johnson Outdoors had a negative net margin of 8.15% and a negative return on equity of 9.62%. During the same period in the previous year, the company posted $0.38 EPS. As a group, analysts forecast that Johnson Outdoors Inc. will post -0.58 EPS for the current year.

Johnson Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were issued a dividend of $0.33 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.32 dividend on an annualized basis and a yield of 5.65%. Johnson Outdoors's dividend payout ratio is presently -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.