Johnson Outdoors Inc. (NASDAQ:JOUT) Stock Holdings Lowered by Rhumbline Advisers

Rhumbline Advisers lowered its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 6.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 24,348 shares of the company’s stock after selling 1,630 shares during the period. Rhumbline Advisers owned 0.24% of Johnson Outdoors worth $852,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Johnson Outdoors by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 346,115 shares of the company’s stock valued at $15,959,000 after buying an additional 42,314 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in Johnson Outdoors by 39.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 248,300 shares of the company’s stock valued at $11,449,000 after acquiring an additional 70,300 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Johnson Outdoors by 17.3% during the 1st quarter. ProShare Advisors LLC now owns 163,026 shares of the company’s stock valued at $7,517,000 after purchasing an additional 23,987 shares in the last quarter. Skylands Capital LLC boosted its position in shares of Johnson Outdoors by 43.7% during the 2nd quarter. Skylands Capital LLC now owns 161,900 shares of the company’s stock valued at $5,663,000 after purchasing an additional 49,200 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Johnson Outdoors by 5.6% during the 4th quarter. Wellington Management Group LLP now owns 140,856 shares of the company’s stock valued at $7,525,000 after purchasing an additional 7,486 shares in the last quarter. Institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Stock Performance

JOUT stock opened at $37.36 on Tuesday. The stock has a market cap of $384.85 million, a P/E ratio of 79.49, a P/E/G ratio of 36.24 and a beta of 0.70. The firm has a 50 day simple moving average of $37.24 and a 200 day simple moving average of $38.43. Johnson Outdoors Inc. has a 52 week low of $32.79 and a 52 week high of $55.43.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.06). The company had revenue of $172.47 million for the quarter, compared to analyst estimates of $176.14 million. Johnson Outdoors had a negative return on equity of 1.65% and a negative net margin of 1.42%. During the same quarter in the prior year, the business posted $1.44 earnings per share. Sell-side analysts predict that Johnson Outdoors Inc. will post 0.07 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Johnson Outdoors from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th.

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.