Geode Capital Management LLC Cuts Stake in Johnson Outdoors Inc. (NASDAQ:JOUT)

Geode Capital Management LLC lessened its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 7.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 123,756 shares of the company’s stock after selling 9,748 shares during the period. Geode Capital Management LLC owned about 1.20% of Johnson Outdoors worth $4,481,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. nVerses Capital LLC grew its stake in shares of Johnson Outdoors by 100.0% during the 3rd quarter. nVerses Capital LLC now owns 800 shares of the company’s stock worth $29,000 after acquiring an additional 400 shares during the period. FMR LLC increased its stake in shares of Johnson Outdoors by 94.0% in the third quarter. FMR LLC now owns 1,335 shares of the company’s stock worth $48,000 after purchasing an additional 647 shares in the last quarter. Empowered Funds LLC raised its position in shares of Johnson Outdoors by 5.4% in the third quarter. Empowered Funds LLC now owns 18,411 shares of the company’s stock valued at $666,000 after purchasing an additional 938 shares during the period. Gabelli Funds LLC lifted its stake in shares of Johnson Outdoors by 6.1% during the 2nd quarter. Gabelli Funds LLC now owns 20,900 shares of the company’s stock valued at $731,000 after buying an additional 1,200 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Johnson Outdoors by 143.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,959 shares of the company’s stock valued at $180,000 after acquiring an additional 2,922 shares during the period. Hedge funds and other institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Price Performance

Johnson Outdoors stock opened at $34.25 on Monday. The firm has a market capitalization of $352.71 million, a P/E ratio of -13.17, a PEG ratio of 1.89 and a beta of 0.69. Johnson Outdoors Inc. has a one year low of $29.98 and a one year high of $50.00. The business has a fifty day moving average price of $33.97 and a 200-day moving average price of $35.26.

Johnson Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be issued a $0.33 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.32 annualized dividend and a dividend yield of 3.85%. Johnson Outdoors’s payout ratio is currently -50.77%.

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.