Johnson Outdoors Inc. $JOUT Shares Bought by Aristides Capital LLC

Aristides Capital LLC increased its stake in Johnson Outdoors Inc. (NASDAQ:JOUT) by 14.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 129,832 shares of the company’s stock after purchasing an additional 16,828 shares during the quarter. Johnson Outdoors comprises about 1.0% of Aristides Capital LLC’s holdings, making the stock its 16th largest position. Aristides Capital LLC’s holdings in Johnson Outdoors were worth $6,038,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Corient Private Wealth LLC purchased a new stake in Johnson Outdoors during the 2nd quarter worth $1,528,000. Two Sigma Investments LP lifted its stake in shares of Johnson Outdoors by 429.5% in the third quarter. Two Sigma Investments LP now owns 56,159 shares of the company’s stock worth $2,268,000 after acquiring an additional 45,552 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Johnson Outdoors by 74.4% in the fourth quarter. AQR Capital Management LLC now owns 100,125 shares of the company’s stock valued at $4,250,000 after purchasing an additional 42,715 shares during the last quarter. CSM Advisors LLC grew its stake in Johnson Outdoors by 42.0% during the 4th quarter. CSM Advisors LLC now owns 126,885 shares of the company’s stock valued at $5,387,000 after purchasing an additional 37,520 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in Johnson Outdoors by 92.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 68,157 shares of the company’s stock worth $2,893,000 after purchasing an additional 32,668 shares during the last quarter. 64.05% of the stock is owned by institutional investors and hedge funds.

Johnson Outdoors Stock Performance

Shares of NASDAQ:JOUT opened at $45.77 on Friday. The company’s fifty day moving average is $44.94 and its two-hundred day moving average is $46.72. Johnson Outdoors Inc. has a 1-year low of $31.78 and a 1-year high of $53.54. The stock has a market capitalization of $479.67 million, a price-to-earnings ratio of -30.11, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $185.09 million. Sell-side analysts expect that Johnson Outdoors Inc. will post 0.75 EPS for the current fiscal year.

Johnson Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 16th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, July 16th. This represents a $1.32 annualized dividend and a dividend yield of 2.9%. Johnson Outdoors’s dividend payout ratio (DPR) is -86.84%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Zacks Research downgraded shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Johnson Outdoors in a research note on Friday, May 8th. Finally, Wall Street Zen downgraded 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 assigned a Sell rating to the stock. According to MarketBeat, 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.