Johnson Outdoors Inc. (NASDAQ:JOUT) Shares Purchased by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC boosted its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT) by 71.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,211 shares of the company’s stock after acquiring an additional 30,100 shares during the quarter. Rice Hall James & Associates LLC owned 0.70% of Johnson Outdoors worth $2,614,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Johnson Outdoors by 13.9% during the 1st quarter. Vanguard Group Inc. now owns 346,115 shares of the company’s stock valued at $15,959,000 after purchasing an additional 42,314 shares during the period. Gamco Investors INC. ET AL boosted its stake in shares of Johnson Outdoors by 39.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 248,300 shares of the company’s stock worth $11,449,000 after acquiring an additional 70,300 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Johnson Outdoors by 17.3% during the 1st quarter. ProShare Advisors LLC now owns 163,026 shares of the company’s stock worth $7,517,000 after acquiring an additional 23,987 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Johnson Outdoors by 8.2% during the first quarter. Empowered Funds LLC now owns 16,213 shares of the company’s stock valued at $748,000 after buying an additional 1,225 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Johnson Outdoors by 33.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 75,530 shares of the company’s stock valued at $2,734,000 after buying an additional 19,013 shares in the last quarter. 64.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Johnson Outdoors from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

Johnson Outdoors Price Performance

Shares of NASDAQ JOUT opened at $32.08 on Friday. The business’s 50-day moving average price is $35.18 and its two-hundred day moving average price is $36.52. Johnson Outdoors Inc. has a one year low of $31.60 and a one year high of $55.30. The company has a market capitalization of $330.42 million, a P/E ratio of -39.60, a price-to-earnings-growth ratio of 1.61 and a beta of 0.70.

Johnson Outdoors (NASDAQ:JOUT) last issued its earnings results on Monday, August 5th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). Johnson Outdoors had a negative net margin of 1.42% and a negative return on equity of 1.65%. The firm had revenue of $172.47 million during the quarter, compared to analysts’ expectations of $176.14 million. During the same quarter last year, the firm earned $1.44 EPS. On average, equities analysts anticipate that Johnson Outdoors Inc. will post 0.07 EPS for the current year.

Johnson Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were paid a dividend of $0.33 per share. The ex-dividend date was Wednesday, October 9th. This represents a $1.32 annualized dividend and a dividend yield of 4.11%. Johnson Outdoors’s dividend payout ratio (DPR) is presently -162.96%.

About Johnson Outdoors

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.