Johnson Outdoors Inc. $JOUT Position Reduced by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. trimmed its position in Johnson Outdoors Inc. (NASDAQ:JOUT) by 33.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,998 shares of the company’s stock after selling 88,615 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 1.68% of Johnson Outdoors worth $8,139,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in JOUT. CANADA LIFE ASSURANCE Co lifted its position in shares of Johnson Outdoors by 57.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,018 shares of the company’s stock valued at $43,000 after acquiring an additional 373 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Johnson Outdoors by 260.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,122 shares of the company’s stock valued at $48,000 after purchasing an additional 811 shares in the last quarter. Highlander Partners L.P. acquired a new stake in shares of Johnson Outdoors in the fourth quarter worth $50,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Johnson Outdoors in the fourth quarter worth $50,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Johnson Outdoors in the second quarter worth $52,000. 64.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wall Street Zen lowered Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research downgraded Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Johnson Outdoors in a research report on Friday, May 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Johnson Outdoors Stock Down 2.2%

Shares of NASDAQ:JOUT opened at $43.48 on Friday. The firm has a fifty day moving average of $46.35 and a two-hundred day moving average of $46.59. The firm has a market capitalization of $455.67 million, a P/E ratio of -28.61, a price-to-earnings-growth ratio of 4.23 and a beta of 0.81. Johnson Outdoors Inc. has a 12-month low of $30.35 and a 12-month high of $53.54.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.89 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 for the quarter, compared to analysts’ expectations of $185.09 million. Equities research analysts expect that Johnson Outdoors Inc. will post 0.75 earnings per share for the current fiscal year.

Johnson Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 16th will be paid a $0.33 dividend. The ex-dividend date is Thursday, July 16th. This represents a $1.32 dividend on an annualized basis and a yield of 3.0%. Johnson Outdoors’s payout ratio is -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.