Johnson Outdoors Inc. $JOUT Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL raised its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT) by 4.4% in the fourth quarter, Holdings Channel reports. The fund owned 418,100 shares of the company’s stock after buying an additional 17,700 shares during the period. Gamco Investors INC. ET AL’s holdings in Johnson Outdoors were worth $17,748,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of JOUT. AQR Capital Management LLC raised its holdings in Johnson Outdoors by 127.5% in the 1st quarter. AQR Capital Management LLC now owns 33,515 shares of the company’s stock valued at $833,000 after acquiring an additional 18,782 shares during the last quarter. Empowered Funds LLC raised its holdings in Johnson Outdoors by 7.6% in the 1st quarter. Empowered Funds LLC now owns 20,782 shares of the company’s stock valued at $516,000 after acquiring an additional 1,468 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Johnson Outdoors by 17.3% in the 1st quarter. Acadian Asset Management LLC now owns 15,106 shares of the company’s stock valued at $374,000 after acquiring an additional 2,230 shares during the last quarter. Geode Capital Management LLC raised its holdings in Johnson Outdoors by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 135,841 shares of the company’s stock valued at $4,113,000 after acquiring an additional 3,408 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Johnson Outdoors by 3.7% in the 2nd quarter. Rhumbline Advisers now owns 8,066 shares of the company’s stock valued at $244,000 after acquiring an additional 289 shares during the last quarter. Institutional investors and hedge funds own 64.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on JOUT. Zacks Research downgraded shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Wall Street Zen downgraded shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Johnson Outdoors in a report on Friday, May 8th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Johnson Outdoors Price Performance

Shares of NASDAQ JOUT opened at $42.12 on Tuesday. The company has a 50 day simple moving average of $47.86 and a 200-day simple moving average of $45.42. The company has a market capitalization of $441.42 million, a P/E ratio of -27.71, a P/E/G ratio of 3.89 and a beta of 0.89. Johnson Outdoors Inc. has a 1 year low of $25.53 and a 1 year high of $53.54.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.02. The business had revenue of $194.48 million during the quarter, compared to the consensus estimate of $185.09 million. Johnson Outdoors had a negative net margin of 2.33% and a positive return on equity of 2.52%. As a group, research analysts expect that Johnson Outdoors Inc. will post 0.75 EPS for the current year.

Johnson Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were issued a dividend of $0.33 per share. The ex-dividend date was Thursday, April 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.1%. Johnson Outdoors’s dividend payout ratio (DPR) is currently -86.84%.

Insider Activity

In other news, Director Richard Casey Sheahan sold 7,580 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $49.77, for a total transaction of $377,256.60. Following the completion of the sale, the director owned 5,739 shares in the company, valued at $285,630.03. This trade represents a 56.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 28.21% of the stock is owned by corporate insiders.

About Johnson Outdoors

Johnson Outdoors Inc is a diversified outdoor recreation company that develops, manufactures and markets a broad range of gear and equipment for marine and land-based activities. The company operates through two primary segments: the Marine Electronics & Boat Group and the Outdoor Products Group. Its marine offerings include electric motors and anchors under the Minn Kota® brand, fish-finding and sonar systems under the Humminbird® brand, and a lineup of recreational watercraft under the Old Town® and Ocean Kayak® names.