Charles Schwab Investment Management Inc. Reduces Position in Johnson Outdoors Inc. $JOUT

Charles Schwab Investment Management Inc. lessened its holdings in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,322 shares of the company’s stock after selling 630 shares during the period. Charles Schwab Investment Management Inc. owned 0.43% of Johnson Outdoors worth $1,101,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. ProShare Advisors LLC grew its stake in Johnson Outdoors by 18.2% during the 4th quarter. ProShare Advisors LLC now owns 231,016 shares of the company’s stock valued at $7,624,000 after acquiring an additional 35,612 shares in the last quarter. Skylands Capital LLC grew its stake in shares of Johnson Outdoors by 20.8% in the 1st quarter. Skylands Capital LLC now owns 195,950 shares of the company’s stock valued at $4,867,000 after buying an additional 33,750 shares during the period. Peapod Lane Capital LLC grew its stake in shares of Johnson Outdoors by 61.4% in the 1st quarter. Peapod Lane Capital LLC now owns 88,471 shares of the company’s stock valued at $2,198,000 after buying an additional 33,659 shares during the period. Millennium Management LLC grew its stake in shares of Johnson Outdoors by 30.0% in the 4th quarter. Millennium Management LLC now owns 67,520 shares of the company’s stock valued at $2,228,000 after buying an additional 15,575 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its holdings in Johnson Outdoors by 523.6% in the first quarter. Diamond Hill Capital Management Inc. now owns 55,143 shares of the company’s stock valued at $1,370,000 after acquiring an additional 46,301 shares during the last quarter. Hedge funds and other institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Stock Performance

JOUT opened at $40.32 on Tuesday. The stock has a market capitalization of $418.12 million, a PE ratio of -10.42 and a beta of 0.85. The business’s 50 day moving average price is $35.08 and its 200 day moving average price is $29.17. Johnson Outdoors Inc. has a one year low of $21.33 and a one year high of $42.88.

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

Johnson Outdoors Dividend Announcement

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

Analyst Ratings Changes

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

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.