Johnson Outdoors Inc. (NASDAQ:JOUT) Sees Significant Increase in Short Interest

Johnson Outdoors Inc. (NASDAQ:JOUT) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 448,400 shares, an increase of 5.4% from the October 31st total of 425,500 shares. Based on an average daily volume of 39,100 shares, the short-interest ratio is presently 11.5 days. Currently, 5.4% of the company’s stock are sold short.

Analyst Ratings Changes

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

Johnson Outdoors Stock Performance

Shares of JOUT stock opened at $33.21 on Wednesday. Johnson Outdoors has a fifty-two week low of $31.60 and a fifty-two week high of $55.30. The firm has a market capitalization of $342.06 million, a price-to-earnings ratio of -41.00, a PEG ratio of 1.66 and a beta of 0.71. The stock’s 50-day simple moving average is $33.73 and its 200-day simple moving average is $35.34.

Johnson Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.97%. The ex-dividend date was Wednesday, October 9th. Johnson Outdoors’s dividend payout ratio is presently -162.96%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Deprince Race & Zollo Inc. increased its position in shares of Johnson Outdoors by 35.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 223,814 shares of the company’s stock valued at $7,829,000 after acquiring an additional 59,016 shares during the period. Skylands Capital LLC increased its holdings in shares of Johnson Outdoors by 43.7% in the second 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 during the period. Acuitas Investments LLC purchased a new position in shares of Johnson Outdoors in the second quarter worth about $1,515,000. Vanguard Group Inc. lifted its holdings in shares of Johnson Outdoors by 13.9% during the first quarter. Vanguard Group Inc. now owns 346,115 shares of the company’s stock worth $15,959,000 after purchasing an additional 42,314 shares during the period. Finally, Wallace Capital Management Inc. boosted its position in Johnson Outdoors by 11.2% in the third quarter. Wallace Capital Management Inc. now owns 370,329 shares of the company’s stock valued at $13,406,000 after buying an additional 37,433 shares during the last quarter. Hedge funds and other institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Company 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.