Howard Financial Services LTD. Buys Shares of 8,000 Johnson Outdoors Inc. (NASDAQ:JOUT)

Howard Financial Services LTD. purchased a new stake in Johnson Outdoors Inc. (NASDAQ:JOUT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,000 shares of the company’s stock, valued at approximately $290,000. Howard Financial Services LTD. owned 0.08% of Johnson Outdoors as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in JOUT. Vanguard Group Inc. increased its stake in Johnson Outdoors by 13.9% in the first quarter. Vanguard Group Inc. now owns 346,115 shares of the company’s stock valued at $15,959,000 after purchasing an additional 42,314 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in Johnson Outdoors by 39.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 248,300 shares of the company’s stock worth $11,449,000 after buying an additional 70,300 shares during the period. ProShare Advisors LLC lifted its holdings in Johnson Outdoors by 17.3% during the first quarter. ProShare Advisors LLC now owns 163,026 shares of the company’s stock worth $7,517,000 after acquiring an additional 23,987 shares in the last quarter. Empowered Funds LLC grew its stake in Johnson Outdoors by 8.2% in the first quarter. Empowered Funds LLC now owns 16,213 shares of the company’s stock valued at $748,000 after acquiring an additional 1,225 shares during the period. Finally, Gabelli Funds LLC increased 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 acquiring an additional 3,000 shares in the last quarter. 64.05% of the stock is currently owned by institutional investors.

Johnson Outdoors Stock Down 0.6 %

Shares of JOUT stock opened at $34.11 on Wednesday. Johnson Outdoors Inc. has a 12-month low of $32.79 and a 12-month high of $55.30. The firm has a fifty day moving average of $36.39 and a 200-day moving average of $37.79. The company has a market capitalization of $351.37 million, a price-to-earnings ratio of 72.57, a P/E/G ratio of 38.12 and a beta of 0.70.

Johnson Outdoors (NASDAQ:JOUT) last announced its earnings results on Monday, August 5th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). Johnson Outdoors had a negative return on equity of 1.65% and a negative net margin of 1.42%. The company had revenue of $172.47 million during the quarter, compared to analyst estimates of $176.14 million. During the same period in the previous year, the company posted $1.44 earnings per share. On average, equities analysts expect that Johnson Outdoors Inc. will post 0.07 EPS for the current year.

Johnson Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Wednesday, October 9th. Johnson Outdoors’s dividend payout ratio is presently 280.85%.

Analyst Ratings Changes

Separately, StockNews.com upgraded 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.