International Assets Investment Management LLC Buys New Shares in Johnson Outdoors Inc. (NASDAQ:JOUT)

International Assets Investment Management LLC bought a new stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 56,091 shares of the company’s stock, valued at approximately $2,996,000.

A number of other large investors also recently modified their holdings of the company. Gabelli Funds LLC lifted its stake in shares of Johnson Outdoors by 1.4% during the 3rd quarter. Gabelli Funds LLC now owns 14,700 shares of the company’s stock valued at $804,000 after buying an additional 200 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Johnson Outdoors by 2.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 9,726 shares of the company’s stock valued at $595,000 after buying an additional 227 shares in the last quarter. Swiss National Bank lifted its stake in shares of Johnson Outdoors by 2.4% during the 3rd quarter. Swiss National Bank now owns 12,900 shares of the company’s stock valued at $706,000 after buying an additional 300 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Johnson Outdoors by 16.6% during the 4th quarter. Legal & General Group Plc now owns 2,123 shares of the company’s stock valued at $140,000 after buying an additional 303 shares in the last quarter. Finally, Credit Suisse AG lifted its stake in shares of Johnson Outdoors by 6.5% during the 3rd quarter. Credit Suisse AG now owns 5,098 shares of the company’s stock valued at $261,000 after buying an additional 311 shares in the last quarter. Hedge funds and other institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Stock Performance

JOUT opened at $42.78 on Friday. The stock has a market cap of $439.78 million, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 1.14 and a beta of 0.74. Johnson Outdoors Inc. has a fifty-two week low of $42.11 and a fifty-two week high of $64.71. The firm’s fifty day moving average is $44.63 and its 200 day moving average is $48.25.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Friday, February 2nd. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.15 by $0.23. The business had revenue of $138.64 million for the quarter, compared to analysts’ expectations of $140.44 million. Johnson Outdoors had a net margin of 2.82% and a return on equity of 3.47%. During the same quarter in the previous year, the company earned $0.57 EPS. On average, equities research analysts predict that Johnson Outdoors Inc. will post 2.67 earnings per share for the current year.

Johnson Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.09%. The ex-dividend date is Wednesday, April 10th. Johnson Outdoors’s payout ratio is currently 77.19%.

Johnson Outdoors Company Profile

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.