US Bancorp DE Has $60,000 Holdings in Johnson Outdoors Inc. $JOUT

US Bancorp DE trimmed its stake in Johnson Outdoors Inc. (NASDAQ:JOUT) by 30.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,434 shares of the company’s stock after selling 1,043 shares during the period. US Bancorp DE’s holdings in Johnson Outdoors were worth $60,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. CWM LLC lifted its position in Johnson Outdoors by 49.0% in the 1st quarter. CWM LLC now owns 1,575 shares of the company’s stock valued at $39,000 after acquiring an additional 518 shares in the last quarter. Barclays PLC increased its stake in shares of 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 during the last quarter. Wells Fargo & Company MN increased its stake in shares of 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 during the last quarter. Geode Capital Management LLC grew its stake in Johnson Outdoors by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 124,539 shares of the company’s stock valued at $4,111,000 after buying an additional 783 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Johnson Outdoors by 57.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,248 shares of the company’s stock valued at $74,000 after buying an additional 820 shares in the last quarter. 64.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Saturday, August 9th.

Johnson Outdoors Stock Up 1.1%

Johnson Outdoors stock opened at $39.69 on Tuesday. The firm has a fifty day simple moving average of $32.91 and a two-hundred day simple moving average of $28.36. Johnson Outdoors Inc. has a twelve month low of $21.33 and a twelve month high of $40.36. The company has a market capitalization of $411.59 million, a PE ratio of -10.26 and a beta of 0.81.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.51. Johnson Outdoors had a negative net margin of 7.02% and a negative return on equity of 8.80%. The company had revenue of $180.66 million for the quarter, compared to analysts’ expectations of $172.98 million. As a group, equities analysts expect that Johnson Outdoors Inc. will post -0.58 earnings per share for the current fiscal year.

Johnson Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Thursday, July 10th. Johnson Outdoors’s dividend payout ratio is currently -34.11%.

About Johnson Outdoors

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.