Legato Capital Management LLC Reduces Stock Holdings in Johnson Outdoors Inc. $JOUT

Legato Capital Management LLC decreased its position in Johnson Outdoors Inc. (NASDAQ:JOUT) by 70.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,729 shares of the company’s stock after selling 44,601 shares during the period. Legato Capital Management LLC owned about 0.18% of Johnson Outdoors worth $795,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Aristides Capital LLC raised its holdings in Johnson Outdoors by 188.4% during the 3rd quarter. Aristides Capital LLC now owns 90,440 shares of the company’s stock valued at $3,653,000 after acquiring an additional 59,079 shares during the period. Divisadero Street Capital Management LP bought a new stake in Johnson Outdoors during the 3rd quarter valued at $7,676,000. CSM Advisors LLC raised its holdings in Johnson Outdoors by 34.0% during the 3rd quarter. CSM Advisors LLC now owns 89,365 shares of the company’s stock valued at $3,609,000 after acquiring an additional 22,675 shares during the period. Dean Capital Management raised its holdings in Johnson Outdoors by 31.3% during the 3rd quarter. Dean Capital Management now owns 101,177 shares of the company’s stock valued at $4,087,000 after acquiring an additional 24,102 shares during the period. Finally, Gamco Investors INC. ET AL raised its holdings in Johnson Outdoors by 4.4% during the 4th quarter. Gamco Investors INC. ET AL now owns 418,100 shares of the company’s stock valued at $17,748,000 after acquiring an additional 17,700 shares during the period. Hedge funds and other institutional investors own 64.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Johnson Outdoors in a report on Friday, May 8th. Zacks Research cut shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Finally, Wall Street Zen cut shares of 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

Johnson Outdoors Price Performance

JOUT opened at $43.56 on Tuesday. The stock has a market cap of $456.51 million, a PE ratio of -28.66, a P/E/G ratio of 4.15 and a beta of 0.89. Johnson Outdoors Inc. has a 52 week low of $26.17 and a 52 week high of $53.54. The business’s fifty day simple moving average is $47.63 and its 200 day simple moving average is $45.47.

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

Johnson Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, April 16th. Johnson Outdoors’s dividend payout ratio is presently -86.84%.

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.