California State Teachers Retirement System reduced its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 3.7% during the second quarter, Holdings Channel reports. The firm owned 10,280 shares of the company’s stock after selling 398 shares during the period. California State Teachers Retirement System owned 0.10% of Johnson Outdoors worth $264,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in JOUT. Bank of New York Mellon Corp increased its position in shares of Johnson Outdoors by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 41,344 shares of the company’s stock worth $1,063,000 after buying an additional 968 shares during the last quarter. Strs Ohio increased its position in shares of Johnson Outdoors by 0.7% in the second quarter. Strs Ohio now owns 23,600 shares of the company’s stock worth $606,000 after buying an additional 159 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Johnson Outdoors by 442.1% in the second quarter. Acadian Asset Management LLC now owns 33,494 shares of the company’s stock worth $860,000 after buying an additional 27,316 shares during the last quarter. Springbok Capital Management LLC increased its position in shares of Johnson Outdoors by 35.3% in the first quarter. Springbok Capital Management LLC now owns 8,206 shares of the company’s stock worth $182,000 after buying an additional 2,143 shares during the last quarter. Finally, Spark Investment Management LLC bought a new position in shares of Johnson Outdoors during the first quarter worth approximately $244,000. Institutional investors and hedge funds own 61.97% of the company’s stock.
Johnson Outdoors Inc. (NASDAQ:JOUT) traded up 0.4560% during midday trading on Wednesday, reaching $36.8975. The company’s stock had a trading volume of 4,400 shares. The firm’s 50-day moving average price is $35.48 and its 200-day moving average price is $28.32. Johnson Outdoors Inc. has a 52 week low of $18.33 and a 52 week high of $37.60. The stock has a market capitalization of $362.52 million, a PE ratio of 21.8976 and a beta of 1.05.
Johnson Outdoors (NASDAQ:JOUT) last issued its earnings results on Monday, August 8th. The company reported $0.68 earnings per share for the quarter. The business had revenue of $139.30 million for the quarter, compared to analyst estimates of $140.88 million. Johnson Outdoors had a return on equity of 8.26% and a net margin of 3.78%. On average, analysts anticipate that Johnson Outdoors Inc. will post $1.60 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 27th. Investors of record on Thursday, October 13th will be given a $0.09 dividend. This is a positive change from Johnson Outdoors’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Tuesday, October 11th. Johnson Outdoors’s dividend payout ratio (DPR) is 21.43%.
Separately, Imperial Capital assumed coverage on Johnson Outdoors in a research report on Wednesday, August 24th. They set an “outperform” rating and a $40.00 price objective on the stock.
In related news, CFO David W. Johnson sold 3,000 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $28.53, for a total value of $85,590.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 28.42% of the stock is owned by corporate insiders.
About Johnson Outdoors
Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment’s brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment’s brands are Eureka!, Jetboil and Silva.
Want to see what other hedge funds are holding JOUT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson Outdoors Inc. (NASDAQ:JOUT).
Receive News & Ratings for Johnson Outdoors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Outdoors Inc. and related companies with MarketBeat.com's FREE daily email newsletter.