Aristides Capital LLC Has $3.65 Million Stock Holdings in Johnson Outdoors Inc. $JOUT

Aristides Capital LLC lifted its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT) by 188.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 90,440 shares of the company’s stock after purchasing an additional 59,079 shares during the quarter. Johnson Outdoors comprises 0.5% of Aristides Capital LLC’s holdings, making the stock its 21st biggest position. Aristides Capital LLC owned approximately 0.87% of Johnson Outdoors worth $3,653,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Gamco Investors INC. ET AL boosted its position in shares of Johnson Outdoors by 2.1% in the second quarter. Gamco Investors INC. ET AL now owns 405,400 shares of the company’s stock valued at $12,271,000 after acquiring an additional 8,283 shares during the period. Deprince Race & Zollo Inc. raised its stake in Johnson Outdoors by 0.4% during the third quarter. Deprince Race & Zollo Inc. now owns 329,736 shares of the company’s stock worth $13,318,000 after buying an additional 1,434 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Johnson Outdoors by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 296,435 shares of the company’s stock worth $11,973,000 after buying an additional 15,345 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Johnson Outdoors by 1.8% during the third quarter. Russell Investments Group Ltd. now owns 185,928 shares of the company’s stock worth $7,510,000 after purchasing an additional 3,354 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in Johnson Outdoors by 5.1% during the 3rd quarter. First Eagle Investment Management LLC now owns 139,788 shares of the company’s stock valued at $5,646,000 after purchasing an additional 6,741 shares during the last quarter. 64.05% of the stock is owned by institutional investors.

Insider Buying and Selling at Johnson Outdoors

In related news, Director Richard Casey Sheahan sold 7,580 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $49.77, for a total value of $377,256.60. Following the sale, the director owned 5,739 shares in the company, valued at approximately $285,630.03. The trade was a 56.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Edward F. Lang sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $43.94, for a total value of $87,880.00. Following the completion of the sale, the director directly owned 32,171 shares of the company’s stock, valued at $1,413,593.74. The trade was a 5.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 28.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JOUT. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Johnson Outdoors in a report on Monday, December 29th. Zacks Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Wall Street Zen downgraded Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Johnson Outdoors Price Performance

JOUT stock opened at $44.25 on Friday. The stock’s fifty day moving average price is $46.89 and its 200-day moving average price is $43.20. The company has a market cap of $460.64 million, a P/E ratio of -20.21, a price-to-earnings-growth ratio of 2.75 and a beta of 0.88. Johnson Outdoors Inc. has a 1 year low of $21.33 and a 1 year high of $51.65.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings data on Friday, February 6th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.12. The firm had revenue of $140.94 million during the quarter, compared to analyst estimates of $123.95 million. Johnson Outdoors had a positive return on equity of 0.83% and a negative net margin of 3.56%. As a group, analysts expect that Johnson Outdoors Inc. will post -0.58 earnings per share for the current year.

Johnson Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, April 16th. Johnson Outdoors’s dividend payout ratio is -60.27%.

About Johnson Outdoors

Johnson Outdoors Inc is a diversified outdoor recreation company that develops, manufactures and markets a broad range of gear and equipment for marine and land-based activities. The company operates through two primary segments: the Marine Electronics & Boat Group and the Outdoor Products Group. Its marine offerings include electric motors and anchors under the Minn Kota® brand, fish-finding and sonar systems under the Humminbird® brand, and a lineup of recreational watercraft under the Old Town® and Ocean Kayak® names.