Johnson Outdoors Inc. $JOUT Shares Acquired by Aristides Capital LLC

Aristides Capital LLC lifted its holdings in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 14.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,832 shares of the company’s stock after acquiring an additional 16,828 shares during the period. Johnson Outdoors accounts for about 1.0% of Aristides Capital LLC’s holdings, making the stock its 16th biggest position. Aristides Capital LLC owned approximately 1.25% of Johnson Outdoors worth $6,038,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in JOUT. Sei Investments Co. lifted its holdings in shares of Johnson Outdoors by 120.4% during the first quarter. Sei Investments Co. now owns 50,559 shares of the company’s stock worth $2,352,000 after purchasing an additional 27,621 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Johnson Outdoors by 19.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 119,451 shares of the company’s stock valued at $5,606,000 after buying an additional 19,769 shares during the period. Bank of New York Mellon Corp grew its holdings in Johnson Outdoors by 16.3% during the first quarter. Bank of New York Mellon Corp now owns 70,571 shares of the company’s stock worth $3,282,000 after acquiring an additional 9,894 shares during the period. Illumine Investment Management LLC acquired a new stake in Johnson Outdoors in the first quarter valued at $955,000. Finally, Diversified Investment Strategies LLC grew its stake in shares of Johnson Outdoors by 3.0% during the 1st quarter. Diversified Investment Strategies LLC now owns 36,948 shares of the company’s stock worth $1,718,000 after purchasing an additional 1,059 shares during the period. Institutional investors and hedge funds own 64.05% of the company’s stock.

Johnson Outdoors Stock Performance

Shares of JOUT stock opened at $45.77 on Friday. The firm has a market capitalization of $479.67 million, a price-to-earnings ratio of -30.11, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81. The company has a 50 day moving average price of $44.94 and a 200 day moving average price of $46.72. Johnson Outdoors Inc. has a one year low of $31.78 and a one year high of $53.54.

Johnson Outdoors (NASDAQ:JOUT) last issued its earnings results on Friday, May 8th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.02. The business had revenue of $194.48 million for the quarter, compared to analyst estimates of $185.09 million. Johnson Outdoors had a positive return on equity of 2.52% and a negative net margin of 2.33%. As a group, equities analysts forecast that Johnson Outdoors Inc. will post 0.75 EPS for the current fiscal year.

Johnson Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 16th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, July 16th. Johnson Outdoors’s payout ratio is -86.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on JOUT shares. Zacks Research cut Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Johnson Outdoors in a research note on Friday, May 8th. Finally, Wall Street Zen cut Johnson Outdoors from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Johnson Outdoors Profile

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.