Wellington Management Group LLP Acquires 7,486 Shares of Johnson Outdoors Inc. (NASDAQ:JOUT)

Wellington Management Group LLP grew its holdings in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,856 shares of the company’s stock after purchasing an additional 7,486 shares during the quarter. Wellington Management Group LLP owned about 1.37% of Johnson Outdoors worth $7,525,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in Johnson Outdoors during the fourth quarter worth about $2,996,000. Swiss National Bank lifted its holdings in shares of Johnson Outdoors by 2.4% in the third quarter. Swiss National Bank now owns 12,900 shares of the company’s stock worth $706,000 after buying an additional 300 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of Johnson Outdoors by 20.4% in the fourth quarter. Gabelli Funds LLC now owns 17,700 shares of the company’s stock worth $946,000 after buying an additional 3,000 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Johnson Outdoors in the fourth quarter worth about $101,000. Finally, Skylands Capital LLC lifted its holdings in shares of Johnson Outdoors by 38.9% in the fourth quarter. Skylands Capital LLC now owns 95,400 shares of the company’s stock worth $5,096,000 after buying an additional 26,742 shares in the last quarter. Institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Trading Up 3.6 %

Shares of Johnson Outdoors stock opened at $34.98 on Friday. Johnson Outdoors Inc. has a 12-month low of $33.17 and a 12-month high of $63.31. The company has a market cap of $360.29 million, a price-to-earnings ratio of 74.43, a PEG ratio of 2.19 and a beta of 0.73. The company’s 50-day moving average price is $36.91 and its 200-day moving average price is $43.09.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Friday, May 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.29). Johnson Outdoors had a return on equity of 0.97% and a net margin of 0.82%. The firm had revenue of $175.86 million during the quarter, compared to analysts’ expectations of $158.76 million. On average, sell-side analysts predict that Johnson Outdoors Inc. will post 1.13 earnings per share for the current year.

Johnson Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, July 11th. This represents a $1.32 annualized dividend and a yield of 3.77%. Johnson Outdoors’s payout ratio is presently 280.85%.

About Johnson Outdoors

Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.