US Bancorp DE Purchases 465 Shares of Johnson Outdoors Inc. (NASDAQ:JOUT)

US Bancorp DE lifted its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 15.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,477 shares of the company’s stock after purchasing an additional 465 shares during the quarter. US Bancorp DE’s holdings in Johnson Outdoors were worth $115,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in shares of Johnson Outdoors by 11.8% during the 4th quarter. Bank of New York Mellon Corp now owns 74,694 shares of the company’s stock worth $2,465,000 after purchasing an additional 7,861 shares in the last quarter. Skylands Capital LLC boosted its position in shares of Johnson Outdoors by 2.8% during the 4th quarter. Skylands Capital LLC now owns 162,200 shares of the company’s stock worth $5,353,000 after purchasing an additional 4,450 shares in the last quarter. Peapod Lane Capital LLC bought a new position in shares of Johnson Outdoors during the 4th quarter worth about $1,809,000. Legato Capital Management LLC boosted its position in shares of Johnson Outdoors by 91.2% during the 4th quarter. Legato Capital Management LLC now owns 31,406 shares of the company’s stock worth $1,036,000 after purchasing an additional 14,977 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Johnson Outdoors by 4.9% during the 4th quarter. Empowered Funds LLC now owns 19,314 shares of the company’s stock worth $637,000 after purchasing an additional 903 shares in the last quarter. Institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Price Performance

JOUT stock opened at $25.05 on Monday. Johnson Outdoors Inc. has a 1 year low of $24.74 and a 1 year high of $46.38. The stock has a market capitalization of $258.87 million, a PE ratio of -5.60 and a beta of 0.63. The company’s 50-day moving average is $30.07 and its 200-day moving average is $33.00.

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 previous 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.32 annualized dividend and a yield of 5.27%. Johnson Outdoors’s dividend payout ratio (DPR) is -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.