Johnson Outdoors Inc. $JOUT Position Reduced by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC trimmed its position in Johnson Outdoors Inc. (NASDAQ:JOUT) by 29.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,302 shares of the company’s stock after selling 17,965 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.41% of Johnson Outdoors worth $1,709,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in JOUT. CWM LLC lifted its position in shares of Johnson Outdoors by 9.8% in the 3rd quarter. CWM LLC now owns 4,454 shares of the company’s stock valued at $180,000 after acquiring an additional 398 shares in the last quarter. Inspire Investing LLC acquired a new stake in Johnson Outdoors during the 3rd quarter valued at $462,000. Corient Private Wealth LLC purchased a new stake in shares of Johnson Outdoors in the second quarter valued at $1,528,000. Engineers Gate Manager LP boosted its position in shares of Johnson Outdoors by 40.1% in the second quarter. Engineers Gate Manager LP now owns 18,826 shares of the company’s stock worth $570,000 after buying an additional 5,389 shares during the period. Finally, Bridgeway Capital Management LLC boosted its position in shares of Johnson Outdoors by 8.5% in the second quarter. Bridgeway Capital Management LLC now owns 24,682 shares of the company’s stock worth $747,000 after buying an additional 1,941 shares during the period. Institutional investors and hedge funds own 64.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JOUT. Wall Street Zen lowered Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Johnson Outdoors in a research note on Monday, December 22nd. Finally, Zacks Research upgraded Johnson Outdoors from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Johnson Outdoors Price Performance

Shares of NASDAQ JOUT opened at $43.79 on Friday. The business’s 50-day moving average price is $41.30 and its two-hundred day moving average price is $38.33. Johnson Outdoors Inc. has a one year low of $21.33 and a one year high of $48.50. The company has a market capitalization of $455.85 million, a P/E ratio of -13.07, a price-to-earnings-growth ratio of 2.98 and a beta of 0.99.

Johnson Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 22nd. Investors of record on Thursday, January 8th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, January 8th. This represents a $1.32 annualized dividend and a dividend yield of 3.0%. Johnson Outdoors’s payout ratio is presently -39.40%.

Insider Buying and Selling

In related news, Director Edward F. Lang sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $43.94, for a total value of $87,880.00. Following the transaction, the director owned 32,171 shares in the company, valued at approximately $1,413,593.74. This represents a 5.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 27.98% of the company’s stock.

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.