Exchange Traded Concepts LLC Makes New $295,000 Investment in Johnson Outdoors Inc. (NASDAQ:JOUT)

Exchange Traded Concepts LLC purchased a new stake in Johnson Outdoors Inc. (NASDAQ:JOUT) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,159 shares of the company’s stock, valued at approximately $295,000. Exchange Traded Concepts LLC owned approximately 0.08% of Johnson Outdoors at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Johnson Outdoors by 13.9% during the 1st quarter. Vanguard Group Inc. now owns 346,115 shares of the company’s stock worth $15,959,000 after buying an additional 42,314 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Johnson Outdoors by 39.5% during the first quarter. Gamco Investors INC. ET AL now owns 248,300 shares of the company’s stock valued at $11,449,000 after purchasing an additional 70,300 shares during the last quarter. ProShare Advisors LLC grew its stake in Johnson Outdoors by 17.3% in the first 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. Empowered Funds LLC increased its position in shares of Johnson Outdoors by 8.2% during the 1st quarter. Empowered Funds LLC now owns 16,213 shares of the company’s stock worth $748,000 after purchasing an additional 1,225 shares during the last quarter. Finally, Prosperity Consulting Group LLC bought a new stake in shares of Johnson Outdoors during the 1st quarter worth approximately $306,000. Institutional investors own 64.05% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Johnson Outdoors Price Performance

Shares of JOUT opened at $34.61 on Monday. The firm has a 50-day moving average of $35.74 and a 200-day moving average of $37.15. The company has a market cap of $356.52 million, a PE ratio of 73.64, a price-to-earnings-growth ratio of 1.43 and a beta of 0.70. Johnson Outdoors Inc. has a one year low of $32.79 and a one year high of $55.30.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly 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 business had revenue of $172.47 million for the quarter, compared to analyst estimates of $176.14 million. During the same period last year, the firm earned $1.44 EPS. Analysts expect that Johnson Outdoors Inc. will post 0.07 earnings per share for the current year.

Johnson Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.81%. The ex-dividend date is Wednesday, October 9th. Johnson Outdoors’s dividend payout ratio is 280.85%.

Johnson Outdoors Profile

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.