Aristides Capital LLC Raises Stake in Johnson Outdoors Inc. (NASDAQ:JOUT)

Aristides Capital LLC increased its stake in Johnson Outdoors Inc. (NASDAQ:JOUT) by 12.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,978 shares of the company’s stock after buying an additional 1,080 shares during the period. Aristides Capital LLC owned 0.10% of Johnson Outdoors worth $329,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE grew its stake in Johnson Outdoors by 15.4% in the 4th quarter. US Bancorp DE now owns 3,477 shares of the company’s stock worth $115,000 after acquiring an additional 465 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Johnson Outdoors by 26.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,788 shares of the company’s stock worth $92,000 after purchasing an additional 583 shares during the period. FMR LLC raised its position in Johnson Outdoors by 94.0% during 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 in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Johnson Outdoors by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 124,539 shares of the company’s stock worth $4,111,000 after buying an additional 783 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Johnson Outdoors by 10.7% during the 4th quarter. American Century Companies Inc. now owns 8,776 shares of the company’s stock worth $290,000 after buying an additional 845 shares in the last quarter. Institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Price Performance

JOUT stock opened at $24.09 on Monday. Johnson Outdoors Inc. has a 1-year low of $22.58 and a 1-year high of $46.04. The business has a 50-day moving average price of $27.49 and a 200 day moving average price of $31.82. The company has a market capitalization of $248.95 million, a P/E ratio of -5.39 and a beta of 0.74.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings results 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 business posted $0.38 earnings per share. On average, analysts anticipate that Johnson Outdoors Inc. will post -0.58 earnings per share for the current fiscal year.

Johnson Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders 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 yield of 5.48%. Johnson Outdoors’s dividend payout ratio (DPR) is presently -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.