Ritholtz Wealth Management Boosts Stake in Johnson Outdoors Inc. $JOUT

Ritholtz Wealth Management raised its holdings in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 235.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,380 shares of the company’s stock after buying an additional 12,198 shares during the period. Ritholtz Wealth Management owned about 0.17% of Johnson Outdoors worth $808,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of JOUT. CWM LLC raised its holdings in shares of Johnson Outdoors by 6.5% in the fourth quarter. CWM LLC now owns 4,743 shares of the company’s stock worth $201,000 after buying an additional 289 shares during the period. Rhumbline Advisers grew its position in Johnson Outdoors by 3.7% in the 2nd quarter. Rhumbline Advisers now owns 8,066 shares of the company’s stock valued at $244,000 after acquiring an additional 289 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in 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 during the last quarter. Deutsche Bank AG increased its stake in Johnson Outdoors by 21.1% in the fourth quarter. Deutsche Bank AG now owns 3,091 shares of the company’s stock worth $131,000 after purchasing an additional 538 shares during the period. Finally, Sei Investments Co. increased its stake in Johnson Outdoors by 5.8% in the second quarter. Sei Investments Co. now owns 11,409 shares of the company’s stock worth $345,000 after purchasing an additional 622 shares during the period. Hedge funds and other institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Stock Down 2.1%

Shares of NASDAQ:JOUT opened at $45.80 on Tuesday. The company has a market capitalization of $479.98 million, a price-to-earnings ratio of -30.13, a price-to-earnings-growth ratio of 4.45 and a beta of 0.82. Johnson Outdoors Inc. has a 52 week low of $29.54 and a 52 week high of $53.54. The firm has a 50 day moving average of $46.79 and a 200 day moving average of $46.55.

Johnson Outdoors (NASDAQ:JOUT) last announced its 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 positive return on equity of 2.52% and a negative net margin of 2.33%.The business had revenue of $194.48 million for the quarter, compared to analysts’ expectations of $185.09 million. On average, sell-side analysts expect that Johnson Outdoors Inc. will post 0.75 EPS for the current year.

Johnson Outdoors Announces Dividend

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

Wall Street Analysts Forecast Growth

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