Nuveen LLC Acquires Shares of 15,918 Johnson Outdoors Inc. $JOUT

Nuveen LLC bought a new position in Johnson Outdoors Inc. (NASDAQ:JOUT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 15,918 shares of the company’s stock, valued at approximately $395,000. Nuveen LLC owned about 0.15% of Johnson Outdoors at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. raised its holdings in shares of Johnson Outdoors by 523.6% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 55,143 shares of the company’s stock valued at $1,370,000 after purchasing an additional 46,301 shares in the last quarter. Legato Capital Management LLC boosted its holdings in shares of Johnson Outdoors by 27.2% in the 1st quarter. Legato Capital Management LLC now owns 39,941 shares of the company’s stock valued at $992,000 after acquiring an additional 8,535 shares during the last quarter. CWM LLC boosted its holdings in Johnson Outdoors by 49.0% during the first quarter. CWM LLC now owns 1,575 shares of the company’s stock worth $39,000 after buying an additional 518 shares in the last quarter. Peapod Lane Capital LLC increased its position in shares of Johnson Outdoors by 61.4% in the first 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 in the last quarter. Finally, Skylands Capital LLC lifted its holdings in Johnson Outdoors by 20.8% during the first quarter. Skylands Capital LLC now owns 195,950 shares of the company’s stock valued at $4,867,000 after purchasing an additional 33,750 shares in the last quarter. Institutional investors own 64.05% of the company’s stock.

Analyst Ratings Changes

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

Johnson Outdoors Price Performance

NASDAQ JOUT opened at $40.78 on Friday. The firm’s fifty day moving average price is $35.68 and its 200 day moving average price is $29.38. The company has a market capitalization of $422.89 million, a price-to-earnings ratio of -10.54 and a beta of 0.85. Johnson Outdoors Inc. has a 12 month low of $21.33 and a 12 month high of $42.88.

Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly earnings results 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, sell-side analysts forecast that Johnson Outdoors Inc. will post -0.58 earnings per share for the current 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 3.2%. The ex-dividend date was Thursday, July 10th. Johnson Outdoors’s dividend payout ratio (DPR) is -34.11%.

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.