North Star Investment Management Corp. raised its holdings in shares of Johnson Outdoors Inc. (NASDAQ:JOUT – Get Rating) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,661 shares of the company’s stock after purchasing an additional 3,001 shares during the period. North Star Investment Management Corp. owned 0.57% of Johnson Outdoors worth $3,813,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of JOUT. Swiss National Bank grew its holdings in shares of Johnson Outdoors by 7.0% during the 1st quarter. Swiss National Bank now owns 13,700 shares of the company’s stock worth $1,065,000 after acquiring an additional 900 shares during the period. Raymond James & Associates grew its holdings in shares of Johnson Outdoors by 27.4% during the 1st quarter. Raymond James & Associates now owns 4,742 shares of the company’s stock worth $369,000 after acquiring an additional 1,020 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Johnson Outdoors by 4.0% during the 1st quarter. Bank of New York Mellon Corp now owns 41,427 shares of the company’s stock worth $3,221,000 after acquiring an additional 1,580 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Johnson Outdoors by 54.6% during the 1st quarter. MetLife Investment Management LLC now owns 2,659 shares of the company’s stock worth $207,000 after acquiring an additional 939 shares during the period. Finally, BlackRock Inc. grew its holdings in shares of 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 acquiring an additional 1,413 shares during the period. Institutional investors own 60.15% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on Johnson Outdoors in a report on Thursday. They set a “hold” rating on the stock.
Insider Buying and Selling
Johnson Outdoors Stock Up 0.2 %
Johnson Outdoors stock opened at $59.91 on Friday. The company has a market capitalization of $613.48 million, a P/E ratio of 15.48, a PEG ratio of 1.02 and a beta of 0.87. The stock’s 50 day moving average is $65.22 and its 200 day moving average is $59.63. Johnson Outdoors Inc. has a twelve month low of $46.30 and a twelve month high of $84.54.
Johnson Outdoors (NASDAQ:JOUT – Get Rating) last posted its quarterly earnings results on Friday, February 3rd. The company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. The company had revenue of $178.34 million for the quarter, compared to the consensus estimate of $167.55 million. Johnson Outdoors had a return on equity of 8.14% and a net margin of 5.14%. During the same quarter in the prior year, the business posted $1.07 EPS. As a group, equities analysts expect that Johnson Outdoors Inc. will post 4.19 EPS for the current year.
Johnson Outdoors Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 27th. Investors of record on Thursday, April 13th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, April 12th. This represents a $1.24 annualized dividend and a dividend yield of 2.07%. Johnson Outdoors’s payout ratio is currently 32.04%.
Johnson Outdoors Company Profile
Johnson Outdoors, Inc engages in the manufacturing and marketing of seasonal, outdoor recreation products. It operates through the following segments: Fishing, Camping, Watercraft Recreation, Diving, and Other. The Fishing segment includes the brands Minn Kota electric motors for quiet trolling or primary propulsion, marine battery chargers, and shallow water anchors, Humminbird sonar and GPS equipment for fishfinding, navigation and marine cartography, and Cannon downriggers for controlled-depth fishing.
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