Johnson Outdoors Inc. (NASDAQ:JOUT) Stake Boosted by Skylands Capital LLC

Skylands Capital LLC increased its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 2.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 162,200 shares of the company’s stock after purchasing an additional 4,450 shares during the period. Skylands Capital LLC’s holdings in Johnson Outdoors were worth $5,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Wallace Capital Management Inc. lifted its stake in Johnson Outdoors by 11.2% during the third quarter. Wallace Capital Management Inc. now owns 370,329 shares of the company’s stock worth $13,406,000 after purchasing an additional 37,433 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Johnson Outdoors by 4.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 166,690 shares of the company’s stock worth $6,034,000 after purchasing an additional 6,700 shares during the last quarter. De Lisle Partners LLP increased its position in Johnson Outdoors by 25.9% in the third quarter. De Lisle Partners LLP now owns 105,925 shares of the company’s stock worth $3,839,000 after buying an additional 21,808 shares during the period. Allspring Global Investments Holdings LLC increased its position in Johnson Outdoors by 33.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 75,530 shares of the company’s stock worth $2,734,000 after buying an additional 19,013 shares during the period. Finally, Rice Hall James & Associates LLC increased its position in Johnson Outdoors by 71.5% in the third quarter. Rice Hall James & Associates LLC now owns 72,211 shares of the company’s stock worth $2,614,000 after buying an additional 30,100 shares during the period. 64.05% of the stock is currently owned by institutional investors.

Johnson Outdoors Price Performance

Shares of NASDAQ JOUT opened at $27.85 on Monday. Johnson Outdoors Inc. has a 1-year low of $27.82 and a 1-year high of $46.44. The business’s fifty day moving average price is $32.60 and its two-hundred day moving average price is $34.01. The firm has a market capitalization of $287.80 million, a PE ratio of -6.23 and a beta of 0.69.

Johnson Outdoors (NASDAQ:JOUT) last issued its earnings results on Monday, February 3rd. The company reported ($1.49) earnings per share for the quarter, missing the consensus estimate of ($1.30) by ($0.19). Johnson Outdoors had a negative return on equity of 9.62% and a negative net margin of 8.15%. During the same period last year, the business earned $0.38 earnings per share. Equities research analysts expect 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 was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend was Friday, January 10th. Johnson Outdoors’s dividend payout ratio 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.