Several hedge funds and institutional investors have increased their shares in Johnson Outdoors. For example, Gamco Investors raised their stake by 39.5%, owning 248,300 shares worth $11.4 million. Deprince Race & Zollo increased their holdings by 35.8% to 223,814 shares valued at $7.8 million. Skylands Capital boosted their investment by 43.7%, owning 161,900 shares worth $5.7 million. Acuitas Investments began investing around $1.5 million in the second quarter, while Vanguard Group grew its stake by 13.9%, owning 346,115 shares worth $16 million. Overall, institutional investors hold 64.05% of the company’s stock.
Analyst Changes
StockNews.com upgraded Johnson Outdoors from “sell” to “hold” on August 8th.
Current Stock Performance
As of Wednesday, JOUT was trading at $34.11, below its 50-day average of $36.39 and 200-day average of $37.79. The stock has a market cap of $351.37 million, with a PE ratio of 72.57. The company reported $0.16 earnings per share, falling short of the $0.22 estimate. They had a total revenue of $172.47 million during the quarter.
Dividend Information
Johnson Outdoors will pay a quarterly dividend of $0.33 on October 23rd to shareholders on record by October 9th. The annual dividend totals $1.32, giving a yield of 3.87%. Their dividend payout ratio is 280.85%.
Company Overview
Johnson Outdoors Inc. designs and sells outdoor recreational products, including fishing gear, camping equipment, watercraft, and diving gear. Their fishing segment offers various tools, including sonar equipment and downriggers.
Related Stories
- Five better stocks than Johnson Outdoors
- Earnings Call Transcripts Location
- Is SelectQuote a Double-Bagger Stock?
- Investing in High PE Growth Stocks
- Chinese Stocks Major Sell-Off as Buy Signal
- Explore Top Biotech Stocks
- High-Yield ETF Cash Machines for Retirement
Want to know more about hedge funds holding JOUT? Check HoldingsChannel.com for the latest filings and trades.
Get Daily News & Ratings for Johnson Outdoors: Enter your email below for a concise daily summary from MarketBeat.coms FREE newsletter.
`
