Two Sigma Advisers LP Raises Holdings in Johnson Outdoors Inc. (NASDAQ:JOUT)

Two Sigma Advisers LP grew its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 47.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,834 shares of the company’s stock after buying an additional 3,500 shares during the period. Two Sigma Advisers LP owned 0.10% of Johnson Outdoors worth $358,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE lifted its holdings in Johnson Outdoors by 15.4% during the 4th quarter. US Bancorp DE now owns 3,477 shares of the company’s stock worth $115,000 after purchasing an additional 465 shares in the last quarter. Barclays PLC lifted its holdings in Johnson Outdoors by 8.6% during the 4th quarter. Barclays PLC now owns 7,141 shares of the company’s stock worth $236,000 after purchasing an additional 566 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Johnson Outdoors by 26.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,788 shares of the company’s stock worth $92,000 after purchasing an additional 583 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Johnson Outdoors by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 124,539 shares of the company’s stock worth $4,111,000 after purchasing an additional 783 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Johnson Outdoors by 57.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,248 shares of the company’s stock worth $74,000 after purchasing an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Stock Performance

Shares of JOUT opened at $27.36 on Friday. The stock’s 50-day simple moving average is $24.82 and its 200 day simple moving average is $28.90. The stock has a market capitalization of $282.74 million, a price-to-earnings ratio of -6.12 and a beta of 0.73. Johnson Outdoors Inc. has a 52-week low of $21.33 and a 52-week high of $43.13.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. Johnson Outdoors had a negative return on equity of 9.62% and a negative net margin of 8.15%. The firm had revenue of $168.35 million for the quarter, compared to analysts’ expectations of $178.27 million. During the same quarter last year, the firm posted $0.21 EPS. On average, research analysts forecast that Johnson Outdoors Inc. will post -0.58 earnings per share for the current fiscal year.

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.