SG Americas Securities LLC Purchases New Stake in Johnson Outdoors Inc. (NASDAQ:JOUT)

SG Americas Securities LLC acquired a new position in Johnson Outdoors Inc. (NASDAQ:JOUT) in the 4th quarter, Holdings Channel.com reports. The firm acquired 1,892 shares of the company’s stock, valued at approximately $101,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas grew its stake in shares of Johnson Outdoors by 37.0% during the 3rd quarter. Teacher Retirement System of Texas now owns 11,600 shares of the company’s stock worth $634,000 after purchasing an additional 3,135 shares during the period. Swiss National Bank boosted its holdings in Johnson Outdoors by 2.4% during the third quarter. Swiss National Bank now owns 12,900 shares of the company’s stock worth $706,000 after buying an additional 300 shares in the last quarter. Cambiar Investors LLC grew its position in Johnson Outdoors by 42.9% during the third quarter. Cambiar Investors LLC now owns 42,672 shares of the company’s stock worth $2,334,000 after buying an additional 12,805 shares during the period. Skylands Capital LLC increased its holdings in Johnson Outdoors by 86.6% in the third quarter. Skylands Capital LLC now owns 68,658 shares of the company’s stock valued at $3,755,000 after buying an additional 31,858 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Johnson Outdoors by 4.6% during the 3rd quarter. Wellington Management Group LLP now owns 133,370 shares of the company’s stock valued at $7,294,000 after acquiring an additional 5,900 shares during the period. Institutional investors and hedge funds own 64.05% of the company’s stock.

Johnson Outdoors Price Performance

Shares of NASDAQ:JOUT opened at $43.46 on Friday. The firm has a market capitalization of $446.94 million, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 1.13 and a beta of 0.74. The business’s 50 day simple moving average is $44.57 and its 200-day simple moving average is $48.21. Johnson Outdoors Inc. has a 12 month low of $42.11 and a 12 month high of $64.71.

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

Johnson Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 11th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $1.32 dividend on an annualized basis and a yield of 3.04%. Johnson Outdoors’s payout ratio is 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.