Jacobs Levy Equity Management Inc. Cuts Position in Johnson Outdoors Inc. $JOUT

Jacobs Levy Equity Management Inc. decreased its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,531 shares of the company’s stock after selling 1,368 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.38% of Johnson Outdoors worth $982,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Gamco Investors INC. ET AL raised its position in Johnson Outdoors by 11.7% in the first quarter. Gamco Investors INC. ET AL now owns 397,117 shares of the company’s stock worth $9,864,000 after acquiring an additional 41,717 shares in the last quarter. ProShare Advisors LLC raised its position in Johnson Outdoors by 18.2% in the fourth quarter. ProShare Advisors LLC now owns 231,016 shares of the company’s stock worth $7,624,000 after acquiring an additional 35,612 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Johnson Outdoors by 5.0% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 211,480 shares of the company’s stock worth $5,253,000 after acquiring an additional 10,000 shares in the last quarter. Skylands Capital LLC raised its position in Johnson Outdoors by 20.8% in the first quarter. Skylands Capital LLC now owns 195,950 shares of the company’s stock worth $4,867,000 after acquiring an additional 33,750 shares in the last quarter. Finally, Peapod Lane Capital LLC raised its position in Johnson Outdoors by 61.4% in the first quarter. Peapod Lane Capital LLC now owns 88,471 shares of the company’s stock worth $2,198,000 after acquiring an additional 33,659 shares in the last quarter. Hedge funds and other institutional investors own 64.05% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th.

Johnson Outdoors Stock Up 0.9%

Shares of JOUT stock opened at $40.50 on Friday. Johnson Outdoors Inc. has a fifty-two week low of $21.33 and a fifty-two week high of $42.88. The stock has a market cap of $420.07 million, a P/E ratio of -10.47 and a beta of 0.85. The business has a fifty day simple moving average of $36.68 and a 200-day simple moving average of $29.80.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.51. The business had revenue of $180.66 million during the quarter, compared to analysts’ expectations of $172.98 million. Johnson Outdoors had a negative return on equity of 8.80% and a negative net margin of 7.02%. On average, sell-side analysts anticipate that Johnson Outdoors Inc. will post -0.58 earnings per share for the current year.

Johnson Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Thursday, July 10th. Johnson Outdoors’s dividend payout ratio (DPR) is currently -34.11%.

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.