Johnson Outdoors Inc. (NASDAQ:JOUT) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its stake in Johnson Outdoors Inc. (NASDAQ:JOUT) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,760 shares of the company’s stock after selling 1,100 shares during the quarter. Bank of America Corp DE owned approximately 0.08% of Johnson Outdoors worth $289,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. US Bancorp DE grew its position in Johnson Outdoors by 15.4% in 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 during the last quarter. Barclays PLC lifted its position in shares of Johnson Outdoors by 8.6% in the 4th quarter. Barclays PLC now owns 7,141 shares of the company’s stock valued at $236,000 after acquiring an additional 566 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Johnson Outdoors by 26.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,788 shares of the company’s stock worth $92,000 after acquiring an additional 583 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of 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 during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 64.05% of the company’s stock.

Johnson Outdoors Price Performance

Shares of JOUT opened at $29.58 on Friday. The company has a market capitalization of $305.68 million, a PE ratio of -6.62 and a beta of 0.76. Johnson Outdoors Inc. has a one year low of $21.33 and a one year high of $43.13. The company’s fifty day moving average price is $25.33 and its 200 day moving average price is $28.77.

Johnson Outdoors (NASDAQ:JOUT) last issued its 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 net margin of 8.15% and a negative return on equity of 9.62%. The business had revenue of $168.35 million for the quarter, compared to analyst estimates of $178.27 million. During the same period in the previous year, the business earned $0.21 EPS. Analysts anticipate that Johnson Outdoors Inc. will post -0.58 earnings per share for the current year.

Johnson Outdoors 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.