Strs Ohio decreased its holdings in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 19.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,900 shares of the company’s stock after selling 1,900 shares during the quarter. Strs Ohio owned 0.08% of Johnson Outdoors worth $734,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Renaissance Technologies LLC grew its stake in shares of Johnson Outdoors by 12.4% during the second quarter. Renaissance Technologies LLC now owns 397,300 shares of the company’s stock valued at $33,584,000 after buying an additional 43,700 shares during the last quarter. BlackRock Inc. grew its stake in shares of Johnson Outdoors by 6.8% during the second quarter. BlackRock Inc. now owns 374,253 shares of the company’s stock valued at $31,635,000 after buying an additional 23,982 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Johnson Outdoors by 0.7% during the second quarter. Acadian Asset Management LLC now owns 169,735 shares of the company’s stock valued at $14,346,000 after buying an additional 1,187 shares during the last quarter. Tredje AP fonden grew its stake in shares of Johnson Outdoors by 90.2% during the second quarter. Tredje AP fonden now owns 156,181 shares of the company’s stock valued at $5,265,000 after buying an additional 74,065 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in shares of Johnson Outdoors by 23.0% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 87,693 shares of the company’s stock valued at $7,413,000 after buying an additional 16,393 shares during the last quarter. 63.19% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ JOUT opened at $74.34 on Wednesday. The company has a market capitalization of $763.81 million, a P/E ratio of 14.48 and a beta of 0.90. Johnson Outdoors Inc. has a 52-week low of $59.13 and a 52-week high of $107.36.
Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Tuesday, August 7th. The company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.41. The firm had revenue of $170.78 million during the quarter, compared to analyst estimates of $160.86 million. Johnson Outdoors had a return on equity of 20.47% and a net margin of 8.48%. As a group, research analysts expect that Johnson Outdoors Inc. will post 5.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 24th. Investors of record on Wednesday, October 10th were issued a $0.14 dividend. This is a positive change from Johnson Outdoors’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, October 9th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.75%. Johnson Outdoors’s payout ratio is presently 18.18%.
A number of research analysts have recently commented on JOUT shares. BidaskClub cut Johnson Outdoors from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 9th. Zacks Investment Research lowered Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 10th. ValuEngine lowered Johnson Outdoors from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Imperial Capital boosted their price target on Johnson Outdoors from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, August 8th. Finally, Sidoti upgraded Johnson Outdoors from a “neutral” rating to a “buy” rating in a report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $98.50.
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Johnson Outdoors Profile
Johnson Outdoors Inc designs, manufactures, and markets outdoor equipment, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers battery-powered fishing 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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