Johnson Outdoors Inc. (NASDAQ:JOUT) Position Cut by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its holdings in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,146 shares of the company’s stock after selling 4,106 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.76% of Johnson Outdoors worth $4,175,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its holdings in Johnson Outdoors by 37.0% in the third quarter. Teacher Retirement System of Texas now owns 11,600 shares of the company’s stock worth $634,000 after purchasing an additional 3,135 shares during the period. Swiss National Bank boosted its holdings in shares of Johnson Outdoors by 2.4% in the third quarter. Swiss National Bank now owns 12,900 shares of the company’s stock valued at $706,000 after acquiring an additional 300 shares in the last quarter. Cambiar Investors LLC boosted its holdings in shares of Johnson Outdoors by 42.9% in the third quarter. Cambiar Investors LLC now owns 42,672 shares of the company’s stock valued at $2,334,000 after acquiring an additional 12,805 shares in the last quarter. Skylands Capital LLC increased its stake in shares of Johnson Outdoors by 86.6% during the third quarter. Skylands Capital LLC now owns 68,658 shares of the company’s stock valued at $3,755,000 after acquiring an additional 31,858 shares during the period. Finally, Wellington Management Group LLP lifted its position in Johnson Outdoors by 4.6% in the third 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 during the period. Institutional investors and hedge funds own 64.05% of the company’s stock.

Johnson Outdoors Stock Performance

Shares of JOUT stock opened at $43.46 on Friday. Johnson Outdoors Inc. has a 1 year low of $42.11 and a 1 year high of $64.71. The business’s fifty day moving average is $44.57 and its 200-day moving average is $48.21. The stock has a market cap of $446.94 million, a PE ratio of 25.42, a price-to-earnings-growth ratio of 1.13 and a beta of 0.74.

Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly 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 company 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 company earned $0.57 EPS. Equities research analysts predict that Johnson Outdoors Inc. will post 2.67 earnings per share for the current year.

Johnson Outdoors Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $1.32 annualized dividend and a dividend yield of 3.04%. 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.