Johnson Outdoors Inc. $JOUT Shares Sold by Dean Capital Management

Dean Capital Management lowered its stake in Johnson Outdoors Inc. (NASDAQ:JOUT) by 64.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,491 shares of the company’s stock after selling 65,686 shares during the quarter. Dean Capital Management owned about 0.34% of Johnson Outdoors worth $1,507,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of JOUT. CWM LLC lifted its holdings in shares of Johnson Outdoors by 6.5% in the 4th quarter. CWM LLC now owns 4,743 shares of the company’s stock worth $201,000 after acquiring an additional 289 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Johnson Outdoors by 3.7% during the second quarter. Rhumbline Advisers now owns 8,066 shares of the company’s stock worth $244,000 after buying an additional 289 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Johnson Outdoors by 57.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,018 shares of the company’s stock valued at $43,000 after buying an additional 373 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Johnson Outdoors by 21.1% in the fourth quarter. Deutsche Bank AG now owns 3,091 shares of the company’s stock valued at $131,000 after buying an additional 538 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Johnson Outdoors by 5.8% in the second quarter. Sei Investments Co. now owns 11,409 shares of the company’s stock valued at $345,000 after buying an additional 622 shares in the last quarter. Hedge funds and other institutional investors own 64.05% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on JOUT. Zacks Research lowered Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Johnson Outdoors in a research report on Friday, May 8th. Finally, Wall Street Zen lowered shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One equities 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.com, the stock currently has a consensus rating of “Reduce”.

Johnson Outdoors Stock Up 2.2%

Shares of JOUT stock opened at $46.51 on Friday. The firm has a 50 day moving average of $47.48 and a two-hundred day moving average of $46.30. The stock has a market capitalization of $487.42 million, a PE ratio of -30.60, a P/E/G ratio of 4.33 and a beta of 0.82. Johnson Outdoors Inc. has a 52 week low of $28.80 and a 52 week high of $53.54.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Analysts expect that Johnson Outdoors Inc. will post 0.75 EPS for the current fiscal year.

Johnson Outdoors Dividend Announcement

The business 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 $0.33 dividend. The ex-dividend date of this dividend is Thursday, July 16th. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. Johnson Outdoors’s dividend payout ratio (DPR) is currently -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.