Johnson Financial Group Inc. Sells 749,580 Shares of Johnson Outdoors Inc. $JOUT

Johnson Financial Group Inc. decreased its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 44.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 950,615 shares of the company’s stock after selling 749,580 shares during the quarter. Johnson Outdoors comprises approximately 1.6% of Johnson Financial Group Inc.’s investment portfolio, making the stock its 8th biggest holding. Johnson Financial Group Inc. owned about 0.09% of Johnson Outdoors worth $44,213,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Corient Private Wealth LLC bought a new stake in Johnson Outdoors in the second quarter valued at approximately $1,528,000. Two Sigma Investments LP boosted its position in shares of Johnson Outdoors by 429.5% during the third quarter. Two Sigma Investments LP now owns 56,159 shares of the company’s stock worth $2,268,000 after purchasing an additional 45,552 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Johnson Outdoors by 74.4% in the 4th quarter. AQR Capital Management LLC now owns 100,125 shares of the company’s stock valued at $4,250,000 after buying an additional 42,715 shares during the period. CSM Advisors LLC grew its holdings in shares of Johnson Outdoors by 42.0% in the 4th quarter. CSM Advisors LLC now owns 126,885 shares of the company’s stock valued at $5,387,000 after buying an additional 37,520 shares during the period. Finally, Bridgeway Capital Management LLC increased its position in shares of Johnson Outdoors by 92.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 68,157 shares of the company’s stock valued at $2,893,000 after buying an additional 32,668 shares in the last quarter. Institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Stock Up 0.0%

Johnson Outdoors stock opened at $46.26 on Tuesday. The company has a 50 day moving average of $44.62 and a 200-day moving average of $46.65. Johnson Outdoors Inc. has a twelve month low of $30.53 and a twelve month high of $53.54. The stock has a market capitalization of $484.80 million, a PE ratio of -30.43, a price-to-earnings-growth ratio of 4.40 and a beta of 0.81.

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

Johnson Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 16th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, July 16th. Johnson Outdoors’s dividend payout ratio (DPR) is currently -86.84%.

Analyst Upgrades and Downgrades

JOUT has been the topic of several recent analyst reports. Zacks Research lowered Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Wall Street Zen lowered Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Johnson Outdoors in a report on Friday, May 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

About Johnson Outdoors

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.