Johnson Outdoors Inc. $JOUT Shares Sold by Skylands Capital LLC

Skylands Capital LLC lowered its stake in Johnson Outdoors Inc. (NASDAQ:JOUT) by 28.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,484 shares of the company’s stock after selling 24,016 shares during the period. Skylands Capital LLC owned approximately 0.57% of Johnson Outdoors worth $2,767,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of JOUT. Aristides Capital LLC raised its position in shares of Johnson Outdoors by 188.4% during the third quarter. Aristides Capital LLC now owns 90,440 shares of the company’s stock worth $3,653,000 after purchasing an additional 59,079 shares during the period. Divisadero Street Capital Management LP acquired a new position in shares of Johnson Outdoors in the 3rd quarter valued at $7,676,000. CSM Advisors LLC boosted its position in shares of Johnson Outdoors by 34.0% in the 3rd quarter. CSM Advisors LLC now owns 89,365 shares of the company’s stock valued at $3,609,000 after purchasing an additional 22,675 shares during the period. Dean Capital Management increased its stake in Johnson Outdoors by 31.3% in the 3rd quarter. Dean Capital Management now owns 101,177 shares of the company’s stock worth $4,087,000 after purchasing an additional 24,102 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in Johnson Outdoors by 4.4% during the 4th quarter. Gamco Investors INC. ET AL now owns 418,100 shares of the company’s stock worth $17,748,000 after buying an additional 17,700 shares during the period. Institutional investors and hedge funds own 64.05% of the company’s stock.

Johnson Outdoors Trading Up 2.4%

Shares of NASDAQ JOUT opened at $47.11 on Friday. Johnson Outdoors Inc. has a one year low of $28.80 and a one year high of $53.54. The business has a 50-day moving average price of $46.86 and a two-hundred day moving average price of $46.49. The firm has a market capitalization of $493.72 million, a PE ratio of -30.99, a PEG ratio of 4.45 and a beta of 0.82.

Johnson Outdoors (NASDAQ:JOUT) last issued its earnings results on Friday, May 8th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.02. The company had revenue of $194.48 million for the quarter, compared to the consensus estimate of $185.09 million. Johnson Outdoors had a positive return on equity of 2.52% and a negative net margin of 2.33%. Research analysts anticipate that Johnson Outdoors Inc. will post 0.75 EPS for the current year.

Johnson Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 16th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, July 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.8%. Johnson Outdoors’s dividend payout ratio (DPR) is -86.84%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Zacks Research cut shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Johnson Outdoors in a research report on Friday, May 8th. Finally, Wall Street Zen lowered shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Johnson Outdoors Company Profile

Johnson Outdoors Inc is a diversified outdoor recreation company that develops, manufactures and markets a broad range of gear and equipment for marine and land-based activities. The company operates through two primary segments: the Marine Electronics & Boat Group and the Outdoor Products Group. Its marine offerings include electric motors and anchors under the Minn Kota® brand, fish-finding and sonar systems under the Humminbird® brand, and a lineup of recreational watercraft under the Old Town® and Ocean Kayak® names.