Johnson Outdoors Inc. (NASDAQ:JOUT) Short Interest Update

Johnson Outdoors Inc. (NASDAQ:JOUT) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totalling 547,600 shares, a growth of 5.3% from the June 30th total of 519,900 shares. Currently, 6.6% of the shares of the stock are short sold. Based on an average daily volume of 66,800 shares, the short-interest ratio is presently 8.2 days.

Analyst Ratings Changes

Separately, StockNews.com lowered Johnson Outdoors from a “hold” rating to a “sell” rating in a research report on Wednesday.

Institutional Investors Weigh In On Johnson Outdoors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Skylands Capital LLC increased its stake in Johnson Outdoors by 43.7% during the second quarter. Skylands Capital LLC now owns 161,900 shares of the company’s stock worth $5,663,000 after acquiring an additional 49,200 shares during the last quarter. Legato Capital Management LLC boosted its position in shares of Johnson Outdoors by 31.5% during the second quarter. Legato Capital Management LLC now owns 16,622 shares of the company’s stock worth $581,000 after buying an additional 3,984 shares during the period. Olstein Capital Management L.P. boosted its position in shares of Johnson Outdoors by 29.4% during the second quarter. Olstein Capital Management L.P. now owns 66,000 shares of the company’s stock worth $2,309,000 after buying an additional 15,000 shares during the period. Kennedy Capital Management LLC boosted its position in shares of Johnson Outdoors by 66.1% during the first quarter. Kennedy Capital Management LLC now owns 73,026 shares of the company’s stock worth $3,367,000 after buying an additional 29,065 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in shares of Johnson Outdoors during the first quarter worth $101,000. Institutional investors and hedge funds own 64.05% of the company’s stock.

Johnson Outdoors Stock Down 3.9 %

JOUT stock opened at $40.76 on Friday. The business has a fifty day moving average of $36.13 and a two-hundred day moving average of $41.01. The stock has a market cap of $419.83 million, a price-to-earnings ratio of 86.72, a price-to-earnings-growth ratio of 2.65 and a beta of 0.74. Johnson Outdoors has a 52-week low of $32.79 and a 52-week high of $59.65.

Johnson Outdoors (NASDAQ:JOUT) last posted its earnings results on Friday, May 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.29). The business had revenue of $175.86 million for the quarter, compared to analyst estimates of $158.76 million. Johnson Outdoors had a return on equity of 0.97% and a net margin of 0.82%. As a group, sell-side analysts anticipate that Johnson Outdoors will post 1.13 EPS for the current year.

Johnson Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a dividend of $0.33 per share. The ex-dividend date was Thursday, July 11th. This represents a $1.32 annualized dividend and a yield of 3.24%. Johnson Outdoors’s dividend payout ratio (DPR) is 280.85%.

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.