Allspring Global Investments Holdings LLC Raises Stock Holdings in Johnson Outdoors Inc. (NASDAQ:JOUT)

Allspring Global Investments Holdings LLC increased its position in Johnson Outdoors Inc. (NASDAQ:JOUTGet Rating) by 13.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,621 shares of the company’s stock after acquiring an additional 12,841 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.09% of Johnson Outdoors worth $5,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JOUT. Wallace Capital Management Inc. boosted its holdings in Johnson Outdoors by 133.1% in the 2nd quarter. Wallace Capital Management Inc. now owns 143,488 shares of the company’s stock worth $8,911,000 after buying an additional 81,919 shares during the last quarter. First Trust Advisors LP boosted its holdings in Johnson Outdoors by 147.6% in the 1st quarter. First Trust Advisors LP now owns 110,968 shares of the company’s stock worth $8,626,000 after buying an additional 66,158 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Johnson Outdoors by 307.7% in the 2nd quarter. Victory Capital Management Inc. now owns 32,257 shares of the company’s stock worth $1,972,000 after buying an additional 24,345 shares during the last quarter. Olstein Capital Management L.P. boosted its holdings in Johnson Outdoors by 74.6% in the 3rd quarter. Olstein Capital Management L.P. now owns 55,000 shares of the company’s stock worth $1,970,000 after buying an additional 23,500 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in shares of Johnson Outdoors by 2.6% during the 2nd quarter. Royce & Associates LP now owns 520,000 shares of the company’s stock worth $31,803,000 after purchasing an additional 13,000 shares during the last quarter. Hedge funds and other institutional investors own 60.15% of the company’s stock.

Johnson Outdoors Stock Up 0.6 %

Shares of NASDAQ JOUT opened at $68.74 on Tuesday. The firm has a market cap of $700.67 million, a price-to-earnings ratio of 15.73 and a beta of 0.83. Johnson Outdoors Inc. has a 52-week low of $46.30 and a 52-week high of $91.37. The business’s 50 day moving average is $62.11 and its two-hundred day moving average is $60.06.

Johnson Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 26th. Stockholders of record on Thursday, January 12th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Wednesday, January 11th. Johnson Outdoors’s dividend payout ratio is currently 28.38%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Thursday, January 12th.

Johnson Outdoors Profile

(Get Rating)

Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.

Further Reading

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

Receive News & Ratings for Johnson Outdoors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Outdoors and related companies with MarketBeat.com's FREE daily email newsletter.