Goldman Sachs Group Inc. Sells 7,824 Shares of Johnson Outdoors Inc. $JOUT

Goldman Sachs Group Inc. lowered its stake in Johnson Outdoors Inc. (NASDAQ:JOUT) by 15.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,423 shares of the company’s stock after selling 7,824 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.41% of Johnson Outdoors worth $1,054,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in JOUT. Northern Trust Corp boosted its position in shares of Johnson Outdoors by 5.5% during the 4th quarter. Northern Trust Corp now owns 53,706 shares of the company’s stock valued at $1,772,000 after acquiring an additional 2,798 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Johnson Outdoors by 31.1% during the 4th quarter. Ameriprise Financial Inc. now owns 43,397 shares of the company’s stock valued at $1,432,000 after acquiring an additional 10,300 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Johnson Outdoors by 283.9% during the 4th quarter. Deutsche Bank AG now owns 9,604 shares of the company’s stock valued at $317,000 after acquiring an additional 7,102 shares during the last quarter. Millennium Management LLC boosted its position in shares of Johnson Outdoors by 30.0% during the 4th quarter. Millennium Management LLC now owns 67,520 shares of the company’s stock valued at $2,228,000 after acquiring an additional 15,575 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Johnson Outdoors by 164.9% during the 4th quarter. Two Sigma Investments LP now owns 21,006 shares of the company’s stock valued at $693,000 after acquiring an additional 13,076 shares during the last quarter. Institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Stock Performance

JOUT opened at $40.87 on Monday. Johnson Outdoors Inc. has a 52-week low of $21.33 and a 52-week high of $42.88. The stock has a market capitalization of $423.82 million, a PE ratio of -10.56 and a beta of 0.85. The stock’s 50 day moving average price is $37.79 and its 200-day moving average price is $30.44.

Johnson Outdoors (NASDAQ:JOUT) last posted its 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 return on equity of 8.80% and a negative net margin of 7.02%.The firm had revenue of $180.66 million for the quarter, compared to analysts’ expectations of $172.98 million. Research analysts forecast that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.

Johnson Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, July 10th. This represents a $1.32 annualized dividend and a dividend yield of 3.2%. Johnson Outdoors’s payout ratio is currently -34.11%.

Analyst Ratings Changes

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

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.