First Trust Advisors LP Sells 12,674 Shares of Johnson Outdoors Inc. (NASDAQ:JOUT)

First Trust Advisors LP reduced its stake in Johnson Outdoors Inc. (NASDAQ:JOUT – Get Rating) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 161,490 shares of the company’s stock after selling 12,674 shares during the period. First Trust Advisors LP owned approximately 1.58% of Johnson Outdoors worth $10,678,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Rockefeller Capital Management L.P. purchased a new position in shares of Johnson Outdoors in the third quarter valued at $33,000. Quantbot Technologies LP purchased a new position in shares of Johnson Outdoors in the 1st quarter worth $46,000. Lazard Asset Management LLC increased its holdings in shares of Johnson Outdoors by 15,650.0% in the 3rd quarter. Lazard Asset Management LLC now owns 945 shares of the company’s stock worth $48,000 after buying an additional 939 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Johnson Outdoors by 36.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,628 shares of the company’s stock valued at $83,000 after buying an additional 438 shares in the last quarter. Finally, Denali Advisors LLC lifted its holdings in shares of Johnson Outdoors by 44.4% in the 4th quarter. Denali Advisors LLC now owns 1,300 shares of the company’s stock valued at $86,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 60.15% of the company’s stock.

Johnson Outdoors Stock Performance

NASDAQ JOUT opened at $58.33 on Thursday. The business’s 50 day moving average price is $60.14 and its 200-day moving average price is $62.22. Johnson Outdoors Inc. has a fifty-two week low of $46.30 and a fifty-two week high of $73.43. The company has a market cap of $597.88 million, a P/E ratio of 13.41, a P/E/G ratio of 0.91 and a beta of 0.87.

Johnson Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 27th. Stockholders of record on Thursday, April 13th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Wednesday, April 12th. Johnson Outdoors’s dividend payout ratio is currently 28.51%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Johnson Outdoors in a research note on Thursday, May 18th. They set a “buy” rating on the stock.

Johnson Outdoors Company Profile

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Johnson Outdoors, Inc engages in the manufacturing and marketing of seasonal, outdoor recreation products. It operates through the following segments: Fishing, Camping, Watercraft Recreation, Diving, and Other. The Fishing segment includes the brands Minn Kota electric motors for quiet trolling or primary propulsion, marine battery chargers, and shallow water anchors, Humminbird sonar and GPS equipment for fishfinding, navigation and marine cartography, and Cannon downriggers for controlled-depth fishing.