Rodgers Brothers Inc. Has $1.98 Million Stock Holdings in Johnson Outdoors Inc. (NASDAQ:JOUT)

Rodgers Brothers Inc. lifted its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 34.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,086 shares of the company’s stock after purchasing an additional 15,470 shares during the quarter. Rodgers Brothers Inc. owned 0.58% of Johnson Outdoors worth $1,983,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its holdings in Johnson Outdoors by 182.9% during the third quarter. Barclays PLC now owns 6,575 shares of the company’s stock worth $238,000 after acquiring an additional 4,251 shares in the last quarter. First Eagle Investment Management LLC bought a new position in shares of Johnson Outdoors during the 4th quarter valued at about $1,695,000. FMR LLC grew its position in shares of Johnson Outdoors by 94.0% in the 3rd quarter. FMR LLC now owns 1,335 shares of the company’s stock valued at $48,000 after purchasing an additional 647 shares during the period. Peapod Lane Capital LLC bought a new stake in Johnson Outdoors during the 4th quarter worth approximately $1,809,000. Finally, Wallace Capital Management Inc. raised its holdings in Johnson Outdoors by 11.2% during the 3rd quarter. Wallace Capital Management Inc. now owns 370,329 shares of the company’s stock worth $13,406,000 after buying an additional 37,433 shares during the period. Institutional investors and hedge funds own 64.05% of the company’s stock.

Johnson Outdoors Stock Performance

Shares of JOUT opened at $24.91 on Monday. The firm has a market cap of $257.42 million, a P/E ratio of -5.57 and a beta of 0.63. Johnson Outdoors Inc. has a twelve month low of $24.16 and a twelve month high of $46.11. The firm’s 50 day moving average price is $28.36 and its two-hundred day moving average price is $32.25.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings data on Monday, February 3rd. The company reported ($1.49) EPS for the quarter, missing the consensus estimate of ($1.30) by ($0.19). Johnson Outdoors had a negative net margin of 8.15% and a negative return on equity of 9.62%. During the same quarter in the prior year, the firm earned $0.38 earnings per share. On average, sell-side analysts anticipate that Johnson Outdoors Inc. will post -0.58 earnings per share for the current fiscal year.

Johnson Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.32 annualized dividend and a dividend yield of 5.30%. Johnson Outdoors’s dividend payout ratio is currently -29.53%.

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.