Tredje AP fonden raised its stake in Johnson Outdoors Inc. (NASDAQ:JOUT) by 19.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,031 shares of the company’s stock after acquiring an additional 9,558 shares during the quarter. Tredje AP fonden owned approximately 0.58% of Johnson Outdoors worth $1,565,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC raised its position in shares of Johnson Outdoors by 264.4% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 69,280 shares of the company’s stock valued at $5,314,000 after purchasing an additional 50,270 shares during the period. LSV Asset Management bought a new stake in Johnson Outdoors during the 4th quarter worth approximately $3,061,000. Acadian Asset Management LLC increased its holdings in Johnson Outdoors by 19.2% during the 1st quarter. Acadian Asset Management LLC now owns 203,621 shares of the company’s stock worth $12,766,000 after acquiring an additional 32,858 shares during the period. Morgan Stanley increased its holdings in Johnson Outdoors by 241.9% during the 1st quarter. Morgan Stanley now owns 36,008 shares of the company’s stock worth $2,258,000 after acquiring an additional 25,477 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Johnson Outdoors by 27.7% during the 4th quarter. AQR Capital Management LLC now owns 99,572 shares of the company’s stock worth $7,637,000 after acquiring an additional 21,582 shares during the period. Hedge funds and other institutional investors own 64.02% of the company’s stock.

NASDAQ:JOUT remained flat at $$87.00 during mid-day trading on Friday. 378 shares of the company were exchanged, compared to its average volume of 37,971. Johnson Outdoors Inc. has a 52 week low of $48.76 and a 52 week high of $89.96. The business’s 50-day simple moving average is $76.13 and its two-hundred day simple moving average is $70.36. The stock has a market capitalization of $867.15 million, a price-to-earnings ratio of 16.60 and a beta of 0.91.

Johnson Outdoors (NASDAQ:JOUT) last announced its earnings results on Tuesday, May 5th. The company reported $2.02 EPS for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.42. The business had revenue of $163.08 million during the quarter, compared to the consensus estimate of $180.46 million. Johnson Outdoors had a net margin of 9.24% and a return on equity of 15.94%.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Thursday, July 9th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $0.68 dividend on an annualized basis and a yield of 0.78%. Johnson Outdoors’s dividend payout ratio is presently 13.31%.

A number of analysts recently weighed in on JOUT shares. BidaskClub raised shares of Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 4th. ValuEngine raised shares of Johnson Outdoors from a “sell” rating to a “hold” rating in a report on Tuesday, March 17th. Finally, Zacks Investment Research raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a report on Thursday, April 30th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $81.00.

Johnson Outdoors Profile

Johnson Outdoors Inc designs, manufactures, and markets camping, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers electric motors for trolling or primary propulsion, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.

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Institutional Ownership by Quarter for Johnson Outdoors (NASDAQ:JOUT)

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